Containerboard Market Growth Report 2021 to 2031
The Containerboard Market is expected to register a CAGR of 2.9% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Material (Virgin Fibers, Recycled Fibers, Blend). The report is also segmented by Product Type (Linerboard, Corrugating Medium, White Top), Type (Kraftliners, Testliners, Flutings), and End-Use Industry (Food and Beverage, Consumer Goods, Industrial, Personal Care and Cosmetics, Pharmaceuticals, Electrical and Electronics, and Others). The report scope covers 5 regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the Report
The report Containerboard Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Containerboard Market Segmentation
Material
- Virgin Fibers
- Recycled Fibers
- Blend
Product Type
- Linerboard
- Corrugating Medium
- White Top
Type
- Kraftliners
- Testliners
- Flutings
Geography
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Geography
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
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Containerboard Market: Strategic Insights
| Market Size Value in | US$ 137.5 billion in 2022 |
| Market Size Value by | US$ 154.6 billion by 2030 |
| Growth rate | CAGR of 2.8% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Containerboard Market Growth Drivers
- Rising Demand for Sustainable Containerboard: The market for containerboard is also expected to register a healthy growth rate due to the increasing demand for packaging materials from the end-users. The containerboard which is made from recycled paper and fibers is fast gaining popularity among manufacturers and consumers due to the increasing focus on environmental sustainability. This has resulted to more manufacturers producing products which are more in line with the current environmental conservation strategies and what the consumers are looking forward to.
- E-Commerce Growth Boosting Containerboard Demand: The pandemic led to a massive boom in e-commerce and other online retail activities this was a significant factor contributing to the containerboard market. As more people desire to have their goods delivered at home, there has been an increase in consumers’ need for home delivery packaging that is strong enough to cater all the requirements. Containerboard is used in packaging so as to ship products without damaging the in it, therefore making it the reason toward retailers and logistics companies working hard to protect the products.
- Rise in Containerboard Demand Driven by Food Services: The growth of food services and restaurants also enhances the containerboard market. There is an upsurge in demand for efficient packages as there is an upsurge in consumption rates of the packaged food and beverages. The containerboards are strong enough to withstand rough handling even as they transport food, hence, increasing the supply and consumption of containerboards in this industry.
Containerboard Market Future Trends
- Environmental Trends Driving Containerboard Market: Evidently, one of the prevailing trends in the containerboard market is the increasing inclination towards environmentally friendly packaging solutions. In an era where consumers are both active and receptive to global warming trends, firms are more often than not using containerboard derived from recycled raw materials last year. This trend relates to the customer need for green products but it also supports the companies sustainability strategy, and hence promotes creativity in packaging.
- Proliferation of E-Commerce: The increasing popularity of online transaction services is the other important factor changing the containerboard market. As more and more individuals prefer to do their shopping through the internet, the need for strong and optimal packaging has increased drastically. Containerboard is the most commonly used material when there is a need to protect products during movement thus there is growth in production and also new ways of packaging are created for the online markets.
- Modern Techniques Revolutionizing Containerboard Production: Emphasis on containerboard production with the help of modern techniques is a game changer for the industry. Developments of the likes of NGO restructuring of business units coupled with advanced manufacturing techniques and better recycling processes are beneficial to the business in that they increase effectiveness and cut down on expenses. These innovations increase not only the production volume, but also allow for the manufacture of certain high-quality packaging materials of lesser weight than educated guesses on market demands and the new height of the packaging industry standard.
Containerboard Market Opportunities
- Containerboard Industry Growth in Developing Markets: The containerboard industry provides tremendous opportunities in the developing countries where both industrialization and urbanization are on a rapid growth trajectory. The growth of such countries is also the trend in the introduction of packaging solutions especially in the food and the beverages industries. This gives rise to the possibility of companies setting up production and distribution operations in the home market.
- Sustainable Packaging Growth in Containerboard Market: As the environmentally friendly goods continue to gain popularity among the consumers, the market for sustainable containerboard packaging presents tremendous room for advancements. Here, manufacturers can exploit environmental standards by coming up with biodegradable and recyclable packaging materials. This helps win the trust and confidence of the market towards the business while at the same time reducing compliance cost due to packaging waste.
- Advancements in Production Technology: The market is also able to exploit the changes in production technologies. Efficiency improvements, costs cutting and the quality of the end product can all improved through automating and digitizing the processes involved. By utilizing more advanced and up to date production technologies, the firms are retrofitting their businesses to be more efficient and effective to cope with changing demands in the market along with the desired requirements from the end users.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Containerboard Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Containerboard Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Material, Product Type, Type, End-Use Industry, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The Containerboard Market is estimated to witness a CAGR of 2.9% from 2023 to 2031
Increasing demand for sustainable packaging is driving the market growth
Significant growth of the ecommerce sector is one of the key opportunities for the market growth.
International Paper, Oji Fibre Solutions Ltd, Smurfit Kappa Group, Mondi Ltd, Sappi Ltd, WestRock Company, Cascades Inc, DS Smith, Georgia-Pacific LLC, and Nippon Paper Industries are among the leading players operating in the containerboard market.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
Based on geography, Asia Pacific is expected to register the fastest CAGR from 2023 to 2031.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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