Market Share of Corrugated & Paperboard Boxes Industry
The market for corrugated and paperboard boxes is fragmented and consists of several major players. In terms of market share, few of these major players currently dominate the market. The level of engagement among the vendors will strengthen in the years to come due to limited product differentiation and the underpricing strategy of the regional and local players. Various inorganic growth strategies are witnessed in the market by several players, including acquisitions, partnerships, and collaborations. These exercises have paved the way for augmentation of the business and customer base of market players.
- November 2023: Visy Industries, a privately owned Australian-American paper, packaging, and recycling company, opened a new advanced corrugated box factory in Hemmant, Australia. The company invested AUD 175 million (USD 111 million) in the new factory to manufacture up to one million boxes per day. The factory supplies cardboard boxes to food and beverage companies, farmers, and growers in Queensland.
- November 2023: Opal Packaging, a paper packaging provider, has opened its new high-tech corrugated cardboard packaging facility in Wodonga with an investment of USD 140 million. The new facility has the capacity to produce 400 tons of printed and finished corrugated boxes every day.
Corrugated & Paperboard Boxes Market Leaders
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International Paper
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WestRock Company
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Smurfit Kappa Inc
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DS Smith Plc
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Graphic Packaging International Inc
*Disclaimer: Major Players sorted in no particular order
