LONDON--(BUSINESS WIRE)--Technavio has announced the top six leading vendors in their recent corrugated box market in Europe report. This research report also lists 23 other prominent vendors that are expected to impact the market during the forecast period.
The corrugated box market in Europe is expected to witness a significant growth during the forecast period. Paper packaging includes corrugated boxes and has become popular because of its lightweight, sustainable, and biodegradable nature. Also, corrugated boxes are witnessing the highest sales in the global paper and paperboard container and packaging market in Europe.
Competitive vendor landscape
The corrugated box market in Europe is highly competitive and fragmented with the presence of several vendors offering corrugated boxes for a variety of products. DS Smith, Georgia-Pacific, International Paper, Mondi, and Smurfit Kappa are some of the prominent players in the global corrugated box packaging market. No company dominates the corrugated box packaging market, but a major portion of the market is collectively dominated by a few large firms.
“Vendors in the market compete with large and small, vertically integrated corrugated box companies. Along with these, they compete with numerous smaller non-integrated companies operating in Europe that manufacture various parts of paperboard and containerboard,” says Sharan Raj, a lead packaging research analyst from Technavio.
The competition among vendors has intensified in terms of the design, price, product innovation, product quality, and services. Also, many companies in the market have a presence in other packaging markets like the rigid and flexible packaging. As a result, price wars and intense price competition among several regional and global vendors are common aspects of this market.
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Top six corrugated box market vendors in Europe
DS Smith
DS Smith is among the strong and competitive players in the packaging industry. It provides a broad range of products that help in improving its position in the market. The company, through its paper product category, offers recycled corrugated packaging solutions.
Georgia-Pacific
Georgia-Pacific is a manufacturer of paper products and offers various products, such as tissues, napkins, towels, diapers, facial tissues, disposable cutlery, cups and plates, insulation, laminates, foundry, metalworking, mining, and packaging. It provides corrugated packaging solutions through its Georgia-Pacific Packaging and Cellulose business unit that offers fiber-based solutions.
International Paper
International Paper focuses on targeting the packaging industry through its broad range of products. This strong portfolio helps in strengthening its position in the market worldwide. It provides corrugated packaging solutions to diverse markets, including beverages, protein, fruits and vegetables, processed food, e-commerce, and for industrial and consumer goods.
Mondi
Mondi manufactures packaging paper and converts packaging products, uncoated fine paper, and specialty products, including coatings and consumer flexibles. The company is a strong and competitive player in the packaging industry. Mondi, through its fiber packaging product line, offers corrugated packaging solutions.
Smurfit Kappa
Smurfit Kappa is among the strong and competitive players in the packaging industry. It provides a broad range of products that improve its position in the market. The company provides corrugated sheet boards under other paper and board product sector.
WestRock
The growth in healthcare, consumer preference to lightweight, and growth of the food and beverages market have driven the global demand for packaging. WestRock offers various kinds of solutions for packaging. It has its business operations in Argentina, Brazil, Canada, China, France, Germany, India, Japan, Mexico, Spain, the UK, the US, and other countries globally.
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