Containerboard Market Forecast and Growth 2031

The Containerboard Market size is projected to reach US$ 169.34 billion by 2031 from US$ 139.74 billion in 2023. The market is expected to register a CAGR of 2.4% in 2023–2031. Growing preference for recycled packaging, is likely to remain key containerboard market trends.

Containerboard Market Analysis

Rising demand for sustainable packaging is driving the containerboard market. Consumers are becoming increasingly conscious of the environmental impact of packaging materials. This has led to a growing demand for sustainable packaging solutions, such as those made from recycled paperboard. Governments around the world are implementing regulations that restrict the use of plastic packaging and promote the use of sustainable alternatives like containerboard. The growing sustainability initiatives worldwide have also encouraged the utilization of recycled paper in containerboard production, promoting sustainability. The global food and beverage industry is expected to grow at a steady pace in the coming years, contributing to the demand for containerboard used in food packaging. 

Containerboard Market Overview

Containerboards is a type of paperboard specifically designed for the production of corrugated boxes, which are widely used for packaging and transportation of various goods. Containerboard typically consists of two outer layers (linerboard) and inner corrugating medium. The significant use of containerboard is in the manufacturing of corrugated boxes. These boxes are used for packaging a diverse range of products, from consumer goods to industrial components. The containerboard is packing of goods sold online, shipping and transportation. Many retail products and consumer goods are packaged in corrugated boxes made from containerboard.  

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Containerboard Market: Strategic Insights

Containerboard Market

• Market Size 2023
  US$ 139.74 Billion
• Market Size 2031
  US$ 169.34 Billion

Market Dynamics

GROWTH DRIVERS

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FUTURE TRENDS

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OPPORTUNITIES

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Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Material

• Virgin Fibers
• Recycled Fibers
• Virgin + Recycled Fibers

Product Type

• Linerboard
• Corrugating Medium
• White Top

Type

• Kraftliners
• Testliners
• Flutings

End-Use Industry

• Food and Beverages
• Consumer Goods
• Industrial
• Personal Care and Cosmetics
• Pharmaceuticals
• Electrical and Electronics

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Containerboard Market Drivers and Opportunities

Expansion of Food and Beverage Industry to Favor Market

Containerboard is primary packaging material for cereal boxes, dry pasta boxes, and other dry food products. Corrugated boxes made from containerboard are used to transport and store large quantities of food items. They provide excellent protection during transit and can be stacked securely in warehouses and retail shelves. Containerboard-corrugated boxes made from are widely used for packaging food products due to their protective properties and cost-effectiveness. With the increasing focus on environmental sustainability, containerboard gains prominence due to its recyclability and biodegradability. The expansion of food and beverage industry boosts the demand for paper packaging; thus, it is major driver of global containerboard market share.

Growth in E-Commerce Sales – An Opportunity in Containerboard Market

The growth in e-commerce sales is driving the demand for containerboard due to increased need for shipping boxes and packaging materials to fulfil online orders. With the increasing online sales, there’s surge in the production and consumption of corrugated cardboard. Containerboard is used to make corrugated boxes and packaging material, essential for shipping products. In response to the increasing demand for containerboard driven by e-commerce sales growth, manufacturers can invest in expanding production capacity or optimizing production process. Thus, growing e-commerce sales is expected to have a positive impact on the containerboard market, as it has an opportunity with the expansion of containerboard production capacity.

Containerboard Market Report Segmentation Analysis

Key segments that contributed to the derivation of the containerboard market analysis are material, product type, type, and end-use industry.

• Based on material, the containerboard market is divided into virgin fibers, recycled fibers, and virgin + recycled fibers. Virgin fibers segment held a larger market share in 2023.
• By product type, the market is segmented into linerboard, corrugating medium, and white top. The corrugating medium segment held the largest share of the market in 2023.
• Based on type, the market is divided into kraftliners, testliners, and flutings. The kraftliners segment held the largest share of the market in 2023.
• In terms of end-use industry, the market is categorized into food and beverages, consumer goods, industrial, personal care and cosmetics, pharmaceuticals, electrical and electronics, and others. The food and beverages segment dominated the market in 2023.

Containerboard Market Share Analysis by Geography

The geographic scope of the containerboard market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.

Asia Pacific has dominated the containerboard market. Asia Pacific has experienced significant economic growth, leading to increased industrialization and urbanization. Many countries in the Asia Pacific region are investing in the development of advanced packaging infrastructure. This includes modern corrugated packaging facilities, which drive the demand for containerboard raw materials. Growing e-commerce industry hassled to surge in demand for corrugated boxes for shipping and packaging online orders. Rising demand for packaged food & beverages positively influences the demand for containerboard. Growing environmental concerns necessitates the utilization of sustainable packaging solutions, driving the demand for recycled containerboard and eco-friendly materials. Advancement in printing and design technologies enable innovative and appealing packaging, enhancing the product appeal and brand recognition. Development of grocery shopping websites is also driving the demand for food packaging solutions. In addition, Asia Pacific pharmaceutical and cosmetic industries contribute to the demand for containerboards.

Containerboard Market Market Report Scope

Containerboard Market News and Recent Developments

The containerboard market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for innovations, business expansion and strategies:

• In August 2022, Mondi plc acquired Duino mill (Italy) from the Burgo Group for a totaln investment of ~US$ 42 million. Mondi planned to convert mill operated paper machine to produce around 420,000 tonnes per annum of high-quality recycled containerboard. (Source: Mondi plc, Press Release)
• In May 2021, Mondi’s new recycled containerboard machine in Slovakia delivered a win-win solution for environmentally-conscious customers. PM19 paper machine at Ružomberok in Slovakia delivered Kraft Top White, a sustainable containerboard grade, to customers in Europe. (Source: Mondi plc, Press Release)

Containerboard Market Report Coverage and Deliverables

The “Containerboard Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Market dynamics such as drivers, restraints, and key opportunities
• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
• Detailed company profiles