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The global corrugated box industry research organization IBISWorld pointed out in the "Global Carton Board and Carton Manufacturing Industry Report" that the global corrugated box manufacturing revenue in 2012 is expected to be $452.9 billion. In the five years from 2008 to 2012, industry revenues fell at an average annual rate of 0.7%.
IBISWorld analyst Caitlyn Moldvay believes that the main reason for the decline in industry revenue is the global economic recession, and the decline in demand from developed countries such as the US and Europe has overshadowed strong demand from China, India and other emerging markets. The United States used to be the world's largest manufacturer of corrugated boxes. But in 2002, China replaced the United States and became the world's largest manufacturer of corrugated boxes. In 2011, China's corrugated box production has accounted for 33.9% of the global total. The United States lags far behind China and ranks second with only 15.4% market share.
There are approximately 15,843 corrugated box manufacturers worldwide. Most of the industry's businesses operate locally, with their production facilities at the center, providing corrugated boxes and other packaging products to businesses ranging from 150 miles to 200 miles. This model determines that the industry is divided into many small pieces.
IBISWorld expects that the global corrugated box manufacturing industry is expected to experience a moderate growth period during the five years from 2013 to 2017. In these five years, emerging markets are expected to grow faster than the US and Europe. However, the industry will face continued competition in plastic packaging. The global corrugated box manufacturing industry has a low concentration of industry, and the top four large manufacturing companies have only a small portion of the global market share. The production of corrugated boxes tends to be localized, considering that corrugated boxes are needed in various countries and the transportation costs are high.
During the five years from 2008 to 2012, industry concentration declined slightly. Because large companies based in Western countries are experiencing competition from localized manufacturers in emerging economies with lower labor costs.
IBISWorld analyst Caitlyn Moldvay believes that the main reason for the decline in industry revenue is the global economic recession, and the decline in demand from developed countries such as the US and Europe has overshadowed strong demand from China, India and other emerging markets. The United States used to be the world's largest manufacturer of corrugated boxes. But in 2002, China replaced the United States and became the world's largest manufacturer of corrugated boxes. In 2011, China's corrugated box production has accounted for 33.9% of the global total. The United States lags far behind China and ranks second with only 15.4% market share.
There are approximately 15,843 corrugated box manufacturers worldwide. Most of the industry's businesses operate locally, with their production facilities at the center, providing corrugated boxes and other packaging products to businesses ranging from 150 miles to 200 miles. This model determines that the industry is divided into many small pieces.
IBISWorld expects that the global corrugated box manufacturing industry is expected to experience a moderate growth period during the five years from 2013 to 2017. In these five years, emerging markets are expected to grow faster than the US and Europe. However, the industry will face continued competition in plastic packaging. The global corrugated box manufacturing industry has a low concentration of industry, and the top four large manufacturing companies have only a small portion of the global market share. The production of corrugated boxes tends to be localized, considering that corrugated boxes are needed in various countries and the transportation costs are high.
During the five years from 2008 to 2012, industry concentration declined slightly. Because large companies based in Western countries are experiencing competition from localized manufacturers in emerging economies with lower labor costs.
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