Smithers Pira forecasts corrugated board packaging market to hit $269 billion in 2021
World demand for corrugated board packaging will increase steadily across the next five years according to the latest exclusive market data from Smithers Pira (smitherspira.com). In its new report, "The Future of Global Corrugated Packaging to 2021," Smithers’ critical analysis of the key drivers shaping this segment show that a market with an annual consumption value of $222 billion in 2015 will expand to be worth $269 billion in 2021, and consume 160 million tonnes of board in that year.
Importantly the outlook for material suppliers, board converters and users in various segments and regions will be different across the study period. With electrical goods and processed foods, for example, outpacing growth in fresh foods and produce and paper products, like office paper.