World Corrugated Boxes Market

World Corrugated Boxes Market

Global corrugated box demand to rise 3.4% annually through 2013



World demand for corrugated boxes is forecast to increase 3.4 percent per year to 213 billion square meters in 2013, in line with real (inflation-adjusted) gains in GDP. Factors contributing to rising box demand will include growth in industrial activities, particularly the manufacturing sector, which often requires corrugated packaging to protect and transport goods. In addition, ongoing developments in small flute and high-quality graphic board will allow corrugated boxes to penetrate traditional folding carton applications, especially in the developed world. Greater interest in corrugated packaging as a point-of-sale display in retail applications will also boost demand for value-added corrugated boxes.



However, gains will be limited by the mature state of the corrugated box industry in developed areas such as the US, Western Europe and Japan, where boxes are essentially commodity items used in well-established markets. Corrugated boxes also face competition from reusable plastic shipping crates and other types of plastic packaging. Nonetheless, corrugated boxes will benefit from their environmentally friendly image, as well as certain cost advantages compared to plastics crates -- especially considering that old corrugated boxes can often be sold to recycling companies, whereas the usage of plastic crates typically involves cleaning and returning costs.





China, India to be fastest growing national markets





The fastest increases will occur in the world’s developing regions, although growth rates will moderate from the 2003-2008 period. The Asia/Pacific region, Eastern Europe and the Africa/ Mideast region will all outpace the global average. Some of the best gains are expected in China, which will surpass the US as the world’s largest corrugated box market by 2013; and India, which will benefit from strong growth in industrial output and consumer product markets, as well as greater investment in state-of-theart manufacturing equipment, resulting in improved product quality. Greater urbanization and industrialization, and expanding international trade will support advances in these regions’ generally underdeveloped packaging sectors. Rising consumer income levels and expanding middle-classes will also generate robust internal demand for packaged consumer goods like processed foods, beverages and personal care items, supporting increases in corrugated box consumption.





Recycled board to lead containerboard demand





Global containerboard demand growth will trail box production as trends toward the use of higher-performance, lighter board continue. In addition, recycled board will continue to capture market share at the expense of virgin kraft liner and semichemical corrugated medium (fluting), accounting for over 70 percent of board by 2013. Advances for recycled board will be bolstered by consumer, industry and regulatory pressures for environmentally friendly products and practices, rising virgin board prices and rapid demand growth in Asia, which is heavily reliant on recycled liner and fluting.





Study coverage



This new industry study, World Corrugated Boxes, presents historical demand data (1998, 2003 and 2008) plus forecasts for 2013 and 2018 by raw material, world region and for 24 countries. The study also considers market environment factors, details industry structure, evaluates company market share and profiles 35 industry competitors

TABLE OF CONTENTS

INTRODUCTION x

I. EXECUTIVE SUMMARY 1

II. MARKET ENVIRONMENT 4

General 4
World Economic Overview 5
Recent Historical Trends 5
Macroeconomic Outlook 7
World Demographic Outlook 11
World Personal Consumption Expenditures 12
World Manufacturing Overview 14
World Paper & Paperboard Outlook 15
Competitive Technologies 18
Environmental & Regulatory Issues 20
Pricing Trends 23
International Trade Patterns 24
Corrugated Boxes 25
Containerboard 26

III. RAW MATERIALS 28

General 28
Containerboard 28
Recycled Board 31
Kraft Linerboard 32
Semichemical Board 34
Other Materials 35
Adhesives 35
Inks 36
Waxes 37

IV. WORLD CORRUGATED BOX OVERVIEW 40

General 40
Regional Overview 40
Demand 41
Production 45
End-Use Markets 47
V. NORTH AMERICA 50
North America: General 50
North America: Corrugated Box Trends 51
North America: Containerboard Trends 52
United States 53
Canada 61
Mexico 65
VI. WESTERN EUROPE 71
Western Europe: General 71
Western Europe: Corrugated Box Trends 72
Western Europe: Containerboard Trends 75
Belgium 76
France 81
Germany 86
Italy 91
Netherlands 96
Spain 100
United Kingdom 104
Other Western Europe 109
VII. ASIA/PACIFIC 115
Asia/Pacific: General 115
Asia/Pacific: Corrugated Box Trends 117
Asia/Pacific: Containerboard Trends 119
Australia 120
China 125
India 132
Indonesia 137
Japan 141
South Korea 146
Taiwan 150
Thailand 155
Other Asia/Pacific 160
VIII. OTHER REGIONS 166
Latin America 166
Argentina 170
Brazil 175
Other Latin America 179
Eastern Europe 184
Poland 187
Russia 192
Other Eastern Europe 198
Africa/Mideast 202
South Africa 206
Turkey 211
Other Africa/Mideast 216
IX. INDUSTRY STRUCTURE 221
General 221
Corrugated Box Market Share 222
Containerboard Market Share 225
Acquisitions & Divestitures 227
Cooperative Agreements 230
Manufacturing 233
Marketing & Distribution 234
Company Profiles 236
Abbey Corrugated, see DS Smith
Allard Emballages, see Alliabox
Alliabox SAS 237
Amcor Limited 240
Belisce, see Constantia Packaging AG
Bourquin, see Alliabox
Brookfield Asset Management Incorporated 242
Calpine Corrugated, see Smurfit-Stone Container
Carter Holt Harvey Limited 244
Cartonagens de Mozambique, see Nampak
Cascades Incorporated 245
Cheng Yang Paper Mill, see Nine Dragons Paper
Constantia Packaging AG 248
Corporacion Durango SAB de CV 250
DS Smith plc 251
Durango International, see Corporacion Durango
Duropack, see Constantia Packaging
Eastern Box, see DS Smith
Emin Leydier SA 255
Empaques de Carton Titan, see Corporacion Durango
Georgia-Pacific, see Koch Industries
Gissler & Pass, see Alliabox
Hunyani Holdings, see Nampak
Induspac Packaging Group Incorporated 256
International Paper Company 257
Klabin SA 259
Koch Industries Incorporated 260
Kunert Group, see Alliabox
Lee & Man Paper Manufacturing Limited 263
Longview Fibre Paper and Packaging, see Brookfield Asset
Management
M-Real, see Metsaliitto Group
MeadWestvaco Corporation 264
Metsaliitto Group 266
Mondi Group 268
Mosburger, see Alliabox
Nampak Limited 271
Niagara Sheets, see Cascades and Smurfit-Stone Container
Nine Dragons Paper Holdings Limited 273
Norampac, see Cascades
Oji Paper Company Limited 275
Otor SA 276
Packaging Corporation of America 278
Packaging Industries Malawi, see Nampak
Peterson, see Alliabox
Pratt Industries, see Visy
Premier Boxboard, see Temple-Inland Incorporated
Rengo Company Limited 280
Rigesa Celulose Papel e Embalagens, see MeadWestvaco
ROSSMANN SAS 282
SA Industrias Celulosa Aragonesa 283
SAICA, see SA Industrias Celulosa Aragonesa
Saica Embalaje, see SA Industrias Celulosa Aragonesa
San Miguel Corporation 284
SCA, see Svenska Cellulosa
Smurfit Kappa Group plc 286
Smurfit-Stone Container Corporation 288
St. Regis Paper, see DS Smith
Stora Enso Oyj 292
Svenska Cellulosa AB 295
Tegrant Corporation 298
Temple-Inland Incorporated 300
THIMM Group 301
TRM Packaging, see Alliabox
Visy Pty Limited 303
VPK Packaging Group NV 305
Additional Companies Mentioned in the Study 307



LIST OF TABLES



SECTION I -- EXECUTIVE SUMMARY

Summary Table 3

SECTION II -- MARKET ENVIRONMENT

1 World Gross Domestic Product by Region 10
2 World Population by Region 12
3 World Personal Consumption Expenditures by Region 14
4 World Manufacturing Value Added 15
5 World Paper & Paperboard Production by Region & Type 18
6 World Corrugated Box Net Exports 26
7 World Containerboard Net Exports 27

SECTION III -- RAW MATERIALS

1 World Containerboard Demand by Region & Grade 30

SECTION IV -- WORLD CORRUGATED BOX OVERVIEW

1 World Corrugated Box Demand by Region 42
2 World Corrugated Box Shipments by Region 46
3 World Corrugated Box Demand by Market 48

SECTION V -- NORTH AMERICA

1 North America -- Corrugated Box Supply & Demand 52
2 North America -- Containerboard Supply & Demand 53
3 United States -- Corrugated Box Supply & Demand 57
4 United States -- Containerboard Supply & Demand 59
5 Canada -- Corrugated Box Supply & Demand 63
6 Canada -- Containerboard Supply & Demand 64
7 Mexico -- Corrugated Box Supply & Demand 68
8 Mexico -- Containerboard Supply & Demand 69

SECTION VI -- WESTERN EUROPE

1 Western Europe -- Corrugated Box Supply & Demand 74
2 Western Europe -- Containerboard Supply & Demand 76
3 Belgium -- Corrugated Box Supply & Demand 79
4 Belgium -- Containerboard Supply & Demand 80
5 France -- Corrugated Box Supply & Demand 83
6 France -- Containerboard Supply & Demand 84
7 Germany -- Corrugated Box Supply & Demand 89
8 Germany -- Containerboard Supply & Demand 90
9 Italy -- Corrugated Box Supply & Demand 94
10 Italy -- Containerboard Supply & Demand 95
11 Netherlands -- Corrugated Box Supply & Demand 98
12 Netherlands -- Containerboard Supply & Demand 99
13 Spain -- Corrugated Box Supply & Demand 102
14 Spain -- Containerboard Supply & Demand 103
15 United Kingdom -- Corrugated Box Supply & Demand 106
16 United Kingdom -- Containerboard Supply & Demand 107
17 Other Western Europe -- Corrugated Box Supply & Demand 111
18 Other Western Europe -- Containerboard Supply & Demand 112

SECTION VII -- ASIA/PACIFIC

1 Asia/Pacific -- Corrugated Box Supply & Demand 118
2 Asia/Pacific -- Containerboard Supply & Demand 120
3 Australia -- Corrugated Box Supply & Demand 123
4 Australia -- Containerboard Supply & Demand 124
5 China -- Corrugated Box Supply & Demand 129
6 China -- Containerboard Supply & Demand 131
7 India -- Corrugated Box Supply & Demand 135
8 India -- Containerboard Supply & Demand 136
9 Indonesia -- Corrugated Box Supply & Demand 139
10 Indonesia -- Containerboard Supply & Demand 140
11 Japan -- Corrugated Box Supply & Demand 143
12 Japan -- Containerboard Supply & Demand 144
13 South Korea -- Corrugated Box Supply & Demand 148
14 South Korea -- Containerboard Supply & Demand 149
15 Taiwan -- Corrugated Box Supply & Demand 153
16 Taiwan -- Containerboard Supply & Demand 154
17 Thailand -- Corrugated Box Supply & Demand 158
18 Thailand -- Containerboard Supply & Demand 159
19 Other Asia/Pacific -- Corrugated Box Supply & Demand 162
20 Other Asia/Pacific -- Containerboard Supply & Demand 163

SECTION VIII -- OTHER REGIONS

1 Latin America -- Corrugated Box Supply & Demand 169
2 Latin America -- Containerboard Supply & Demand 170
3 Argentina -- Corrugated Box Supply & Demand 173
4 Argentina -- Containerboard Supply & Demand 174
5 Brazil -- Corrugated Box Supply & Demand 177
6 Brazil -- Containerboard Supply & Demand 178
7 Other Latin America -- Corrugated Box Supply & Demand 182
8 Other Latin America -- Containerboard Supply & Demand 183
9 Eastern Europe -- Corrugated Box Supply & Demand 186
10 Eastern Europe -- Containerboard Supply & Demand 187
11 Poland -- Corrugated Box Supply & Demand 190
12 Poland -- Containerboard Supply & Demand 191
13 Russia -- Corrugated Box Supply & Demand 195
14 Russia -- Containerboard Supply & Demand 196
15 Other Eastern Europe -- Corrugated Box Supply & Demand 200
16 Other Eastern Europe -- Containerboard Supply & Demand 201
17 Africa/Mideast -- Corrugated Box Supply & Demand 205
18 Africa/Mideast -- Containerboard Supply & Demand 206
19 South Africa -- Corrugated Box Supply & Demand 209
20 South Africa -- Containerboard Supply & Demand 210
21 Turkey -- Corrugated Box Supply & Demand 214
22 Turkey -- Containerboard Supply & Demand 215
23 Other Africa/Mideast -- Corrugated Box Supply & Demand 218
24 Other Africa/Mideast -- Containerboard Supply & Demand 219

SECTION IX -- INDUSTRY STRUCTURE

1 Selected Acquisitions & Divestitures 228
2 Selected Cooperative Agreements 232



LIST OF CHARTS


SECTION III -- RAW MATERIALS

1 World Containerboard Demand by Grade, 1998-2008 31

SECTION IV -- WORLD CORRUGATED BOX OVERVIEW

1 World Corrugated Box Demand by Region, 2008 43
2 Corrugated Box Demand/Manufacturing Value Added
Relationship, 2008 44
3 World Corrugated Box Demand by Market, 2008 49

SECTION VI -- WESTERN EUROPE

1 Western Europe -- Corrugated Box Demand by Country, 2008 75

SECTION VII -- ASIA/PACIFIC
1 Asia/Pacific -- Corrugated Box Demand by Country, 2008 119

SECTION IX -- INDUSTRY STRUCTURE

1 World Corrugated Box Market Share, 2008 225
2 World Containerboard Market Share, 2008 226