World corrugated packaging market returns to growth trajectory (smithers.com)
Smithers anticipates major changes as $231.7 billion world corrugated packaging market returns to growth trajectory. Global containerboard and corrugated board demand are facing a series of challenges and shifts in market dynamics across the next five years. These are expertly profiled, and quantified in the new market data report – The Future of Global Corrugated Packaging to 2029 – from Smithers. Published today, its in-depth analysis of capacity changes, pulp pricing, and end-user demands shows that in 2023, global containerboard production was 183.4 million metric tons, a -4% decline on 2022. These were converted into around 165 million tons of corrugated board, a decrease of more than -7% on 2022; with value reaching $224.4 billion. This reflects the end of the period of disruption in world supply that began in 2020 with Covid-19, which was characterized by disruption to global logistics impacting demand, price fluctuations leading to high inventories, and subsequent destocking.