- October 01, 2010
LEATHERHEAD, UK | The global corrugated board packaging market will grow to 98 million metric tons in 2015, according to a forecast in “The Future of Corrugated Board Packaging to 2015,” a new study by Pira Intl.
The study predicts the sector will grow by a CAGR of nearly 5% between 2010 and 2015, with the highest expansion rates forecast in Brazil, Russia, India, China (the BRIC countries), and Poland.
The study offers information on the state of the global corrugated board market plus rational forecasts of future demand, broken down by country, print process, end use, and other factors. It also contains an in-depth analysis of the sector in terms of its key players, supply chain, geographic structure, key drivers, and the shares of individual uses of corrugated board.
Actual consumption of corrugated board was 77 million metric tons in 2009. Asia was 44% of total corrugated board production; China was almost 25%; and the US was 20%.
Pira expects the overall market to rise 1.2% in 2010 to 78 million metric tons. For the period to 2015, the outlook is more positive with a forecast CAGR of 4.7%, taking the market to 98 million metric tons in 2015.
In food markets, the BRIC countries offer the best growth prospects, says the report, along with Poland and Brazil.
For more information visit www.pira-international.com.