Procurement Intelligence Study Report

Corrugated Board Cost and Pricing Analysis In this corrugated board procurement intelligence report, we have estimated the pricing of the key cost components. Kraft Paper, Labor, and corn starch form the largest cost component of this category. Kraft paper holds the majority of the cost. Post Covid-19 pandemic recovery, the disrupted supply chain has surged the energy costs and freight costs globally, which has decreased the demand globally resulting in a 5% decrease in the export from the year 2020. Despite less export, the value increased in terms of supplies to reach USD 3.6 billion surging 16%. This is due to the rise in the average export price by 23% to reach USD 1,882 per tonne. Kraft paper which is the principal material in making corrugated board has seen a surge of 25% in the price during the initial month of 2022. European region exported the cheapest wastepaper material used in the category, and with the ban on export from the region, the prices started jumping off. Freig...

Corrugated Board Procurement Intelligence The corrugated board category is expected to grow at a CAGR of 6.8% from 2023 to 2030. APAC region accounts for the largest share of the category. Increasing spending power and growing urbanization are boosting the growth of this category. Companies are constantly developing new technology for efficient production and increased efficiency. Digitalization and technological advancements such as AI, blockchain technology, IoT, and digital printing are shaping the category with innovations. The Ireland-based company, Smurfit Kappa, is creating a variety of innovative products and introducing them to the market. One of its kind is the launch of multifunction printers that can do both digital printings as well as flexographic and allows printing alongside the packaging material. This has resulted in increased sales and flexibility to alter as per client’s requirements. Type-C flute segment dominates the market owing to its character...