LATAM Corrugated Board Market

Market Introduction

Corrugated boards are widely used in the food processing and packaging industry for packaging products such as fresh vegetables, fruits, poultry products, meat products, dairy products, and bakery goods, being transported across supply chains. The growing traffic in retail stores in LATAM, especially for purchasing packaged and fresh food products, is propelling the demand for corrugated boards. With the rise in demand for food and beverages and other consumer goods, the need for convenient and flexible logistics services is also increasing. Shipping and logistics companies extensively use corrugated boards and boxes for packaging goods to keep them safe during transit and warehousing. Thus, rapidly emerging organized retail landscape and proliferating shipping and logistics businesses in the region are the key factors expected to generate high demand for corrugated boards.

LATAM Corrugated Board Strategic Insights

Strategic insights for the LATAM Corrugated Board provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

LATAM Corrugated Board Report Scope

LATAM Corrugated Board Regional Insights

The geographic scope of the LATAM Corrugated Board refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The corrugated board market in LATAM is expected to grow from US$ 14,447.12 million in 2020 to US$ 19,799.39 million by 2028; it is estimated to grow at a CAGR of 4.2% from 2021 to 2028. Corrugated fiberboard or "combined board" has two main components – the liner and the medium. Both are made of a special kind of heavy paper called containerboard. It comprises at least one layer of fluted paper and a base layer or liner paper.

The governments in LATAM have taken an array of actions to protect their citizens and combat the spread of the COVID-19 virus through lockdowns, trade bans, and travel restrictions. This may have a direct impact on the growth of the corrugated boards market. The ongoing pandemic has drastically altered the status of the chemicals & materials sector and negatively impacted the growth of the corrugated boards market. The implementation of measures to combat the spread of the virus has aggravated the situation and affected the demand for corrugated boards. The operations of several industries have been impacted during the pandemic period, which has ultimately impacted the delivery cycle and increased import-export tariffs. The sudden distortion in operational efficiencies and disruptions in the value chains attributable to the sudden closure of national and international boundaries, as well as temporary closures of manufacturing bases due to indefinite lockdowns and temporary quarantines, have impacted the growth of the market during the pandemic. The disruption in the supply chain and volatility in raw material pricing and sourcing in the initial weeks of lockdown have impacted the industrial products and processes.

Key Market Segments

In terms of application, the food and beverages segment accounted for the largest share of the LATAM corrugated board market.  

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the LATAM corrugated board market are company websites, annual reports, financial reports, national government documents, and statistical databases, among others. Major companies listed in the report are Irani Papel E Embalagem SA, Smurfit Kappa, Klabin S.A, Westrock Company, International Paper, Arcor, Klingele Papierwerke GMBH & CO. KG, Papeles Y Conversiones DE MéXICO, Mondi, and Nippon Paper Industries Co., Ltd., among others.

Reasons to Buy Report

• To understand the LATAM corrugated board market landscape and identify segments that are most likely to guarantee a strong return
• To stay ahead of the race by comprehending the ever-changing competitive market landscape in LATAM
• To efficiently plan mergers and acquisitions and partnership deals in the LATAM corrugated board market by identifying market segments with the most promising probable sales
• To make knowledgeable business decisions from a perceptive and comprehensive analysis of the performance of various market segments
• To obtain market revenue forecast for market by various segments for the period 2021–2028

LATAM Corrugated Board Market Segmentation

LATAM Corrugated Board Market, by Application

• Food and Beverages
• E-Commerce
• Consumer Durable
• Electronics and Electricals
• Others

LATAM Corrugated Board Market – by Country

• Brazil
• Colombia
• Chile
• Argentina
• Mexico
• Rest of LATAM

Company Profiles

• Irani Papel E Embalagem SA
• Smurfit Kappa
• Klabin S.A
• Westrock Company
• International Paper
• Arcor
• Klingele Papierwerke GMBH & CO. KG
• Papeles Y Conversiones DE MéXICO
• Mondi
• Nippon Paper Industries Co., Ltd.