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The containerboard market in North America is anticipated to grow at a steady rate and will post a CAGR of more than 2% during the forecast period. The increasing demand for containerboard materials from the freight and logistics sector will drive the growth prospects for the containerboard market in North America during the forecast period. A containerboard comprises of three layers of paper, an inside liner, an outside liner, and fluting that offer great strength and durability. Since factors such as safer transportation and better shipments are some of the main priorities for any exporter, the demand for the containerboard materials increases through industrial and manufacturing activities. In the US, some of the leading companies such as the International Paper, Georgia-Pacific, WestRock, and PCA manufactures containerboard goods and contribute highly to the total revenue of the market.
The increasing demand for premium packaging materials will propel the growth prospects for the market in the coming years. The premium packaging materials are used for premium consumer products such as cosmetics and other household items. To manufacture premium packaging materials, the vendors use expensive ingredients, technologies, colors, and raw materials. Furthermore, the corrugated boxes are used as effective marketing strategies by placing them at the point of sale to attract consumers.
The market is highly fragments and competitive due to the presence of a vast number of large and medium-sized players. The vendors of the market are increasingly focusing on improving their production techniques, efficiency and effectiveness. To increase the production capacity, the vendors are developing new production plants or acquiring existing players. Moreover, the vendors produce packaging materials using sustainable, renewable, and recyclable raw materials that include paper, plastic, metal, glass, and flexible materials. They also provide high-performance, lightweight containerboard materials to upgrade performance and address environmental concerns.
Key vendors in this market are -
Other prominent vendors in the market include Amcor, Buckeye Corrugated, Cascades, Corrugated Supplies Company, Greif, Kruger Packaging, Pratt Industries, Riverside Paper, Shillington Box Company, Stephen Gould, Sonoco Products, and U.S. Corrugated.
Food and beverages sector accounted for the maximum market revenue share during 2015 and will continue to dominate the market for the next few years. One of the factors propelling the growth prospects of the market segment is the growing demand for processed food and ready-to-eat products. Also, the food and beverage manufacturers are using containerboard materials effectively to market their products. Another factor driving the market segment’s growth is the increasing preference for snack food items in North America.
The demand for lightweight corrugated and containerboard materials is increasing because they exhibit high performance. The adoption of lightweight containerboard materials is increasing among the consumers as they are quite inexpensive and environment-friendly. Moreover, with the increasing environmental concerns and environmental protection regulations, the vendors are increasingly manufacturing these materials.
This report provides a number of factors contributing to the adoption, limitations, and opportunities of the containerboard market in North America. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Industry overview
PART 06: Market landscape
PART 07: Geographical segmentation
PART 08: Market segmentation by end-use
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Appendix
PART 17: Explore Technavio
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