Containerboard Market Forecasts to 2028 – Global Analysis By Box Strength (Single, Double, Triple), Application (Paper bags, Wrapping, Crates), End User (Agriculture, Construction, Manufacturing) and By Geography
According to Stratistics MRC, the Global Containerboard Market is accounted for $1,55,920.00 million in 2020 and is expected to reach $2,50,394.56 million by 2028 growing at a CAGR of 6.1% during the forecast period. Increasing demand for processed and packaged foods, high demand for recycled packaging solutions and increasing usage of agricultural chemicals are driving the market growth. However, availability of alternative packaging solutions is hampering the growth of the market.
Containerboard is a type of paperboard specially manufactured for the production of boxes and corrugated containers and as a packaging material owing to its properties such as lightweight, versatile, and high grammage. These boards are generally utilized on the grounds that they give a lightweight, solid, more sturdy and savvy answer for the traditional bundling materials.
Based on the application, the fast-moving consumer goods segment is going to have lucrative growth during the forecast period as these products find use in maintaining sterilized environment, fragile product protection and stacking efficiency, and also protect drugs from radiations which may cause any change in chemical formulations coupled with loss of therapeutic values, accelerating the market growth.
By geography, North America is going to have high growth during the forecast period due to the rising demand from the logistics and transportation industry in the region. The United States is a major exporter of containerboard, particularly corrugated containers around the world. In comparison to other regions, the cost of materials and manufacturing in the country is lower. The country’s concern for sustainable development is also a factor for high containerboard manufacturing.
Some of the key players profiled in the Containerboard Market include The Smurfit Kappa Group plc, BillerudKorsnas AB, DS Smith Plc, Georgia-Pacific LLC, Cascade Inc., International Paper Company, KapStone Paper and Packaging Corporation, Mondi Group Plc, Stora Enso, Nippon Paper Industries Co Ltd, Svenska Cellulosa AB SCA and WestRock Company.
Estimated Market Size in 2020:
USD 1,55,920.00 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 2,50,394.56 million
Tables, Graphs & Figures
Type, Box Style, Box Strength , Application, Speciality Paper, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Corrugating Medium (Fluting)
• Natural/Virgin Cellulose Fiber
• White Tops
• Combination of Both (Recycled & Virgin)
Box Styles Covered:
• Snap Bottom Container With Tuck Top
• Center Special Full Overlap Slotted Container
• Regular Slotted Container
• Half Slotted Container
• Full Overlap Slotted Container
• Design Style Container with Cover
• Full Telescope Design Style Container
• Custom Design
• Roll End Tray
Box Strengths Covered:
• Single Wall
• Double Wall
• Triple Wall
• Durable/Non-Durable Goods
• Electronics & Home Appliance
• Paper Bags
• Flowers & Fruits
• Special High-Strength Liner
• Floor Protection Lining
• Carrier Sheet
• Fast-Moving Consumer Goods
Speciality Papers Covered:
• Gypsum Facing Papers (Gypsum Board)
• Saturating Kraft
End User Covered:
• Construction Industry
• Manufacturing Industry
• Food and Beverage
• Chemical Industry
• Logistics Industry
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Containerboard Market is majorly driven by the increasing demand for processed and packaged foods, high demand for recycled packaging solutions and increasing usage of agricultural chemicals.
The fast-moving consumer goods segment is growing at a highest CAGR as these products find use in maintaining sterilized environment, fragile product protection and stacking efficiency, and also protect drugs from radiations.
North America dominated with a significant market share due to the rising demand from the logistics and transportation industry in the region. Moreover, the United States is a major exporter of containerboard, particularly corrugated containers around the world.
Asia Pacific market is growing at a highest CAGR owing to rapid industrialization activities, combined with increasing preference of consumers on ready-to-make and packaged foods & beverages due to the busy lifestyle.
Key players in Containerboard Market include The Smurfit Kappa Group plc, BillerudKorsnas AB, DS Smith Plc, Georgia-Pacific LLC, Cascade Inc., International Paper Company, KapStone Paper and Packaging Corporation, Mondi Group Plc, Stora Enso, Nippon Paper Industries Co Ltd, Svenska Cellulosa AB SCA and WestRock Company.
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