Global corrugated board packaging market to 2021

In a new report, Smithers Pira forecasts the global market for corrugated board packaging, with an annual consumption value of $222 billion in 2015, to expand to be worth $269 billion in 2021, and consume 160 million tonnes of board in that year.
Globally growth in demand for corrugated board packaging is showing signs of a slowdown. For 2009-2015, volume consumption of corrugated board grew on average by 4.3% annually, but this is expected to decrease to 3.6% annually in 2016-2021. This is largely due to the slowdown in the Chinese economy coupled with sluggish to negative prospects in North America and Western Europe (News Item Smithers Pira, 12 April 2016).
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