Enjoy complimentary customisation on priority with our Enterprise License!
The containerboard market size is forecast to increase by USD 27.08 billion, at a CAGR of 3.12% between 2023 and 2028. The market growth analysis depends on several factors such as the booming e-commerce industry, the increasing need for sustainable packaging solutions, and the increasing rate of urbanization. The market growth and forecasting report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.
To learn more about this report, Request Free Sample in PDF
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increasing need for sustainable packaging solutions is the key factor driving market expansion. The environmental hazards associated with plastic and aluminum products are driving the use of sustainable containerboard products. Many companies are increasingly committing to the use of reusable, compostable, and recyclable packaging because of the rising number of global issues, such as the growing amount of ocean waste.
In addition, most of the raw materials for the containerboard industry are sourced from recycled materials and trees growing in sustainable forests. Products that are rendered nonrecyclable are generally readily biodegradable and compostable. This increases the sustainability factor of products. The need for environmentally friendly packaging solutions is expected to drive the growth of the market during the forecast period.
Increasing demand for innovative lightweight materials is the primary trend shaping the market. The increasing demand for innovative lightweight materials is one of the major trends in the global containerboard market. Market players are increasingly providing lightweight and high-performance corrugated materials to reduce costs, enhance performance, and stay compliant. Lower material consumption during the manufacturing process also reduces the environmental impact during the entire process. The packaging industry is seeing many innovations.
For example, the Glass7Box range of corrugated packaging offered by Mondi is a strong, lightweight glass packaging for holding seven different types of glasses. This packaging also offers superior product protection. Thus, the growing demand for lightweight materials to save on transportation and storage space and costs is a crucial trend that is expected to drive the growth of the global containerboard market during the forecast period.
Product safety issues associated with corrugated packaging is a challenge that affects market expansion. The safety of an enclosed product may be compromised if corrugated packaging is not capable of withstanding harsh environmental conditions. In addition, the properties of corrugated packaging, such as low water resistance, also lead to a reduction in the overall market demand. One of the drawbacks of containerboards is that they cannot be used for the transportation of headlamps, mirrors, glass bottles, and vials.
Moreover, the quality and durability of containerboards are becoming a concern during the packaging of glass and other fragile products. This is making the market favorable for alternatives and substitutes, such as plastic, wooden, and metal packaging products. The high tendency of containerboards to distort and deform and their low degree of robustness and strength are anticipated to impede the growth of the market during the forecast period.
The food and beverages segment is estimated to witness significant growth during the forecast period. Corrugated boxes, created from containerboards, are broadly used for packaging and transporting different food products. These boxes deliver a combination of strength, durability, and protective grades required to safeguard perishable goods during transit. Containerboard packaging plays a vital role in ensuring the freshness and integrity of food items, fulfilling the stringent standards of the food industry.
Get a glance at the market contribution of various segments View the PDF Sample
The food and beverages segment was the largest segment and was valued at USD 55.63 billion in 2018. In the food and beverages sector, containerboard packaging serves diverse applications, from corrugated boxes for fresh produce and beverages to intricate packaging designs for processed foods. Furthermore, as consumer preferences for eco-friendly and recyclable packaging continue to grow, containerboard remains a preferred choice in the food and beverages sector, aligning with the industry's needs and environmental considerations. Thus, such factors are expected to drive the growth of the market through the food and beverages segment during the forecast period.
The recycled segment is driven by the proliferation of sustainable business practices across the globe. Recycled fibers are essentially formed from recovered fibers. They contain paper, paperboard, and other materials from retail stores, office buildings, and homes after they have passed through their end usage as a consumer item. Recycled linerboard, a type of containerboard, offers customers uniform profiles, high-quality print surfaces, and consistent convertibility. Furthermore, one of the key vendors, such as International Paper, offers recycled containerboards. The company offers IP Prime, which is a high-performance, lightweight recycled containerboard produced on a cutting-edge paper machine in Madrid. Thus, the growing focus on sustainability will continue to drive the growth of the recycled segment of the market in focus during the forecast period.
For more insights on the market share of various regions Download PDF Sample now!
APAC is estimated to contribute 48% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC is the largest containerboard market in terms of demand, driven mainly due to the increasing industrial activities, trade and export activities, and urbanization. The corporate lifestyles of people have led to significant changes in the packaged food industry in the region. The rapidly evolving retail and food and beverage industries are expected to drive the overall demand for containerboards.
Moreover, most of the demand for containerboard packaging in the region is expected to arise from the food and beverage industry during the forecast period. Furthermore, countries such as China, India, Japan, and South Korea are increasingly witnessing growth in their retail and manufacturing sectors. In the retail sector, the aesthetic appeal of the packaging of products attracts more customers. Thus, such factors are likely to fuel the growth of the containerboard market in APAC during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Billerud AB, DS Smith Plc, Georgia Pacific LLC, Greif Inc., International Paper Co., Klabin S.A., MEPCO, Mondi Plc, Nine Dragons Paper Holdings Ltd., Nippon Paper Industries Co. Ltd., Oji Holdings Corp., Packaging Corp. of America, Rengo Co. Ltd., The SCA Group LLC, SCG Packaging, Smurfit Kappa Group, Stora Enso Oyj, WestRock Co., and YFY Inc.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market key players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report encompasses the entire market adoption cycle, ranging from the initial innovator phase to the subsequent laggard stage. It emphasizes adoption rates across various regions, determined by penetration levels. Additionally, the market forecast report outlines essential purchasing factors and factors influencing price sensitivity. This aids companies in assessing and formulating effective growth strategies.
Global Containerboard Market Customer Landscape
The market report forecasts market research and growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
The Containerboard Market, driven by the agriculture and medical industries, experiences robust growth, aided by technological advancements and rising demand for packaging materials. With a focus on environmental concerns, stakeholders emphasize the utilization of renewable resources and recycled materials. The market, segmented into virgin fiber and recycled material segments, attracts manufacturers, distributors, and end-users across various industries like food & beverage and consumer goods. Government restrictions and regulations, in alignment with organizations like the American Forest and Paper Association, shape the market landscape.
Further, the Asia Pacific region presents significant regional opportunities, propelled by the demand for lightweight and sustainable packaging. Competitive benchmarking and branding strategies are vital for the agriculture industry, medical industry, food & beverage industry, consumer goods industry, and participants, as they seek to capitalize on market potential and secure company revenue shares. Containerboard, encompassing different types for diverse end-user segments, holds a promising outlook in the global industrial sector.
Containerboard Market Scope |
|
Report Coverage |
Details |
Page number |
171 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.12% |
Market Growth 2024-2028 |
USD 27.08 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
2.72 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 48% |
Key countries |
US, China, Japan, UK, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Billerud AB, Cheng Loong Corp., DS Smith Plc, Georgia Pacific LLC, Greif Inc., International Paper Co., Klabin S.A., MEPCO, Mondi Plc, Nine Dragons Paper Holdings Ltd., Nippon Paper Industries Co. Ltd., Oji Holdings Corp., Packaging Corp. of America, Rengo Co. Ltd., The SCA Group LLC, SCG Packaging, Smurfit Kappa Group, Stora Enso Oyj, WestRock Co., and YFY Inc. |
Market dynamics |
Parent market analysis, Market forecasting,Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.