Global Cardboard Box & Container Manufacturing - Market Research Report (2013-2028)
New York, United States
Last Updated: July 2023
C1512-GLRevenue
$458.3bn
Past 5-Year Growth
Profit
$XX.Xbn
Employees
891k
Businesses
5,607
Wages
$XX.Xbn
Global Cardboard Box & Container Manufacturing industry analysis
Over the five years to 2023, the industry has benefited from growth in global consumer spending and world GDP. Growing consumer spending led to expanding downstream markets, including manufacturing, retail and wholesale businesses. In addition, rising demand from emerging markets, such as China and India, has boosted demand for cardboard containers. But strong fluctuations in the world price of wood pulp have hampered revenue growth in specific years. However, supply chain disruptions during and following the COVID-19 pandemic caused prices to increase and revenue to surge. Altogether, industry revenue is expected to grow at a CAGR of 7.2% to $458.3 billion over the five years to 2023, including an increase of 0.1% in 2023 alone.The United States has long been one of the world's largest producers, but it's been steadily losing its share of global production. While production has grown in the nation, it has not done so to the same extent as some emerging markets, and China has become the leader in global production. Notably, while emerging markets have experienced substantial growth in demand, developed markets have not grown to nearly the same extent. So many of the world's largest operators have pursued acquisitions to expand, either to consolidate their hold on a given market or to increase exposure to new markets.Industry revenue is forecast to increase at a CAGR of 2.7% to $524.1 billion over the five years to 2028. GDP growth in developing markets is forecast to continue to outpace economic growth in the United States and Europe during the outlook period. As a result, the share of production accounted for by emerging economies is anticipated to increase further. Meanwhile, global consumer spending will likely grow at an accelerated rate over the next five years, boosting demand for packaging products. In addition, consumers' increasing interest in sustainable packaging and new government regulations will likely encourage operators to invest more in research and development, contributing to growth in profit. However, strong volatility in the world price of wood pulp will likely continue to pose a potential threat to industry operators.
Trends and Insights
- Box manufacturers come out of COVID strong. The greater use of e-commerce and inflated consumer prices supported robust revenue growth following the pandemic.
- Corrugated boxes remain the mainstay of the industry. While the segment has declined slightly, corrugated cardboard's uses in industrial settings have kept demand strong.
- China is the largest producer of cardboard boxes. Over the past two decades, China's growing manufacturing sector has led to rapid growth in its need for cardboard containers.
- Demand for sustainability hinders plastic and foam. Cardboard is one of the more sustainable options for shipping and storing products, giving it an advantage over substitutes.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has grown at a CAGR of 7.2 % over the past five years, to reach an estimated $458.3bn in 2023.
Trends and Insights
Consistent downstream demand is a critical factor for industry growth
- An important factor influencing how successful industry manufacturers will be is consistent downstream demand from parallel industries that can affect industry growth.
- Additional trends and insights available with purchase
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Strong rebound in downstream markets will fuel demand for industry manufacturers
- As the broader economy continues to recover following the COVID-19 pandemic, downstream markets like food and beverage manufacturers will have enlarged consumer demand for their goods and services.
Biggest companies in the Global Cardboard Box & Container Manufacturing
| Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
|---|---|---|---|---|
International Paper Company | 16,041.2 | N/A | N/A | |
WestRock Company | 15,124.6 | N/A | N/A | |
Smurfit Kappa Group plc | 13,749.6 | N/A | N/A |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Products & Services Segmentation
Global Cardboard Box & Container Manufacturing
Products & Services
Industry revenue is measured across several distinct product and services lines, including Corrugated and solid fiber boxes, Folding paperboard boxes and Other. Corrugated and solid fiber boxes is the largest segment of the Global Cardboard Box & Container Manufacturing.
Trends and Insights
Volatility in industrial activity dampens growth for corrugated and solid fiber boxes
- The corrugated and solid fiber boxes segment is composed of revenue generated from corrugated and solid fiber boxes used for shipping or storage purposes.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Global Plastic Product & Packaging Manufacturing
Complementors
- Global Footwear Manufacturing
- Global Paper & Pulp Mills
- Global Courier & Delivery Services
International industries
- Cardboard Box & Container Manufacturing in the US
- Cardboard Box & Container Manufacturing in Canada
- Paperboard Container Manufacturing in Australia
- Corrugated Paperboard Container Manufacturing in Australia
- Corrugated Paperboard and Paperboard Container Manufacturing in New Zealand
Table of Contents
About this industry
Industry definition
Operators in this industry convert paper, paperboard and old corrugated containers into cardboard boxes, containers and similar packaging solutions. The industry produces corrugated and solid cardboard packaging for a wide range of industries, including manufacturing, agriculture, wholesale, shipping, retail and others. Flexible packaging such as paper bags and plastic sacks are excluded.
What's included in this industry?
Manufacturing corrugated and solid fiber boxesManufacturing folding paperboard boxesManufacturing non-folding sanitary food containersManufacturing fiber cans, tubes, drums and similar productsManufacturing setup paperboard boxesCompanies
International Paper CompanyWestRock CompanySmurfit Kappa Group plcPurchase this report to view all 3 major companies in this industry.
Related Terms
CORRUGATED PACKAGINGRIGID-SIDED BOXESSOLID CARDBOARDASEPTIC PACKAGINGGABLE-TOP PACKAGINGIndustry Code
C1512-GL - Global Cardboard Box & Container Manufacturing
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Box manufacturers come out of COVID strong. The greater use of e-commerce and inflated consumer prices supported robust revenue growth following the pandemic.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Corrugated boxes remain the mainstay of the industry. While the segment has declined slightly, corrugated cardboard's uses in industrial settings have kept demand strong.
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2023
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
China is the largest producer of cardboard boxes. Over the past two decades, China's growing manufacturing sector has led to rapid growth in its need for cardboard containers...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each region in 2023
- Number and share of revenue each region accounts for in 2023
- Number and share of wages each region accounts for in 2023
- Number and share of employees in each region in 2023
Detailed analysis
- Business Locations Charts
- Share of global output by region in 2023
- Share of population compared to output in each region in 2023
- Data tables
- Share of global output by region in 2023
- Detailed analysis
- Geographic spread of the industry across Global, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Demand for sustainability hinders plastic and foam. Cardboard is one of the more sustainable options for shipping and storing products, giving it an advantage over substitute...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Few companies command a significant market share. Shipping cardboard containers overseas is challenging and limits companies' ability to grow internationally.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of International Paper Company's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of WestRock Company's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Smurfit Kappa Group plc's performance by revenue, market share and profit margin from 2017 through 2023
Detailed analysis
- Description and key data for International Paper Company, and factors influencing its performance in the industry
- Description and key data for WestRock Company, and factors influencing its performance in the industry
- Description and key data for Smurfit Kappa Group plc, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Wood pulp prices have driven revenue growth. Following the pandemic wood pulp prices surged, leading to rising cardboard box prices and revenue.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Profit remains strong despite cost fluctuations. Cost-cutting efforts and staff consolidation have kept profit high despite inflated wood pulp prices.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources globally include:
- United Nations Comtrade
- Organization for Economic Cooperation & Development
- World Bank
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Global Cardboard Box & Container Manufacturing industry in Global in 2024?
The market size of the Global Cardboard Box & Container Manufacturing industry in Global is $458.3bn in 2024.
How many businesses are there in the Global Cardboard Box & Container Manufacturing industry in 2023?
There are 5,607 businesses in the Global Cardboard Box & Container Manufacturing industry in Global, which has grown at a CAGR of 7.2 % between 2018 and 2023.
Has the Global Cardboard Box & Container Manufacturing industry in Global grown or declined over the past 5 years?
The market size of the Global Cardboard Box & Container Manufacturing industry in Global has been growing at a CAGR of 7.2 % between 2018 and 2023.
What is the forecast growth of the Global Cardboard Box & Container Manufacturing industry in Global over the next 5 years?
Over the next five years, the Global Cardboard Box & Container Manufacturing industry in Global is expected to grow.
What are the biggest companies in the Global Cardboard Box & Container Manufacturing market in Global?
The biggest companies operating in the Global Cardboard Box & Container Manufacturing market in Global are International Paper Company, WestRock Company and Smurfit Kappa Group plc
What does the Global Cardboard Box & Container Manufacturing in Global include?
Manufacturing corrugated and solid fiber boxes and Manufacturing folding paperboard boxes are part of the Global Cardboard Box & Container Manufacturing industry.
Which companies have the highest market share in the Global Cardboard Box & Container Manufacturing in Global?
The company holding the most market share in Global is International Paper Company.
How competitive is the Global Cardboard Box & Container Manufacturing industry in Global?
The level of competition is high and steady in the Global Cardboard Box & Container Manufacturing industry in Global.
