Containerboard Market Key Findings by 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.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
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
Shejal
Have a question?
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
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 |
Shejal
Have a question?
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
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 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
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.
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.
Get Free Sample For