Containerboard Market: Global Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation

Containerboard Market Definition:

Containerboard is a form of paperboard used in the production of corrugated cardboard. Containerboard is made up of two parts: linerboard and corrugated media (fluted paper). It's also known as corrugated case material (CCM), and its lightweight, adaptable, and high-grammage features make it a popular packing material. Kraftliner is linerboard created from virgin pulp, whereas Testliner is linerboard made from recycled pulp. Depending on the kind of pulp used in the manufacturing process, corrugated medium can be recycled into medium or virgin, also known as semi-chemical medium. This containerboard is made in paper mills and the paper industry all throughout the country.

 

Further, the Containerboard Market is segmented by Product, Age Group, Distribution Channel, and geography. On the basis of Product, the Containerboard Market is segmented under Dolls, Outdoor and Sports Toy, Building and Construction Set, Infant and Preschool Toy, Games and Puzzles, and Others. Based on the Age Group, the Containerboard Market is segmented under the channels of 0-3 Years, 3-5 Years, 5-12 Years, 12-18 Years, and 18+ Years. Based on the Distribution Channel, the Containerboard Market is segmented under the channels of Online and Offline. By geography, the market covers the following Regions: North America, Europe, Asia-Pacific, South America, and Middle East & Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD Billion/Million).

 

 

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Containerboard Market COVID-19 Insights:

Almost every industry sector was temporarily shut down during the pandemic, resulting in lower consumption of containerboard, which is used in the packaging of different finished items in these sectors, lowering demand in the containerboard market. 

 

Due to the inconvenience of lockdowns in multiple nations throughout the world, the COVID-19 epidemic has completely crippled various industries. A few restrictions on industrial activity have been imposed during these lockdowns. Furthermore, key containerboard manufacturers, such as the paper industry and paper mills, have halted operations. The containerboard industry is projected to decrease due to a drop in demand and supply chain delays caused by the COVID-19 epidemic.

 

Containerboard Market Dynamics:

Containerboards are primarily used in the production of corrugated boxes. The demand for corrugated boxes is extensive for the packaging of food and beverages, glassware, chemicals, electronics, and consumer products. The growth of the food and beverage industry has created more demand globally. The food and beverage sector has grown as a result of changing lifestyles and customers' increased demand for ready-to-eat, frozen, and packaged meals. Hence, the containerboard market is growing. Furthermore, the fast growth of the e-commerce business is accelerating the rate of growth due to the usage of product-specific corrugated boxes to protect products from damage and ensure safe delivery. The government's rules on the mining of raw minerals are a major stumbling block to the market's growth. The production of virgin containerboards necessitates the use of virgin wood fibre, which is harmful to the environment.

 

Trends:

Smurfit Kappa, one of the world's largest integrated makers of paper-based packaging goods, has purchased Cartones del Pacifico, a prominent paper-based packaging firm in Peru, in order to expand its footprint in Latin America. The acquisition of International Paper by the Brazilian paper giant, Klabin, has resulted in market growth and is projected to enhance demand for containerboard. 

 

Catalyst Paper factories in Rumford, Maine, and Biron, Wisconsin were bought by ND Paper LLC, a subsidiary of Nine Dragons Paper (Holdings) Ltd. For USD 175 million, Catalyst Paper sold its US business to ND Paper.

 

Powerflute, a part of Nordic Packaging & Container Holdings, was purchased by Mondi Group for USD 398 million. Powerflute owns and runs a paper and pulp factory in Finland with a semi-chemical fluting output capacity of 285 KT per year. The company will be folded into Mondi's Packaging Paper division.

 

Containerboard Market Segment Analysis:

By Type: Because of the significant increase in the food and beverage sector throughout the world, the kraftliner segment is predicted to grow. Kraftliners are used to package foods and drinks that may be stored in cold or humid environments. This packaging is recommended because it is more efficient because the packing and packaging line are consistent. During the projected period, the fast-growing online food business is likely to drive the Kraftliner segment's growth. Because of its rip resistance, durability, and suppleness, online food packers employ kraftliner for packing.

 

 

By End-User: Due to their busy lifestyles, people are choosing ready-to-eat meals, which is propelling the food and beverage market forward. Because packaged foods need little preparation time, they are in high demand among customers. Demand for packaged food is fueled by a growing young population and a growing number of working women, which supports market growth. Corrugated board packaging is increasingly being used by food and beverage firms because it can survive extended delivery times and keeps moisture away from food goods. The food and beverage market is likely to account for a significant portion of the containerboard market. Sausages, cheese, pies, canned veggies, and other food and beverage items are among the things available. These goods, which are intended to protect consumables from tampering and contamination, require nutritional consistency to maintain their texture and taste.

 

Containerboard Market Regional Insights:

Due to increasing industrialization and the increased desire of customers for ready-to-make packaged goods and drinks, Asia-Pacific will have the highest and fastest-growing containerboard market share during the forecast period. 

 

Because of the increased use of sustainable goods combined with the capacity to deliver lightweight and durable packaging qualities, North America is likely to have a significant market share in terms of worldwide contribution. Due to increased demand for cosmetics and personal care products, Europe is likely to gain a considerable market share throughout the forecast period.

 

Containerboard Market Key Players Insights:

The market is characterized by the existence of a number of well-known firms. These companies control a large portion of the market, have a wide product portfolio, and have a global presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.

 

The market's major companies have a significant impact because most of them have extensive global networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the global market, key players in the market, particularly in North America and Europe, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.

 

The objective of the report is to present a comprehensive analysis of the Global Containerboard Market to the stakeholders in the industry. The report provides trends that are most dominant in the Global Containerboard Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Global Containerboard Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the Global Containerboard Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Global Containerboard Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Global Containerboard Market.

 

 

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the Global Containerboard Market. The report also analyses if the Global Containerboard Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Global Containerboard Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Global Containerboard Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Global Containerboard Market is aided by legal factors.

 

Containerboard Market Scope:

Containerboard Market
Market Size in 2023	USD 135.58 Bn.
Market Size in 2030	USD 158.98 Bn.
CAGR (2024-2030)	2.3%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Material Virgin Fibers Recycled Fibers Virgin+Recycled Fibers
	By Type Kraftliners Testliners Flutings
	By End-user Food & Beverages Consumer Goods Others
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Containerboard Market Key Players: 

• Mondi Group (U.K)
• SCG PACKAGING PUBLIC COMPANY LIMITED (Thailand)
• DS Smith (U.K)
• Lee & Man Paper Manufacturing Ltd. (China)
• Smurfit Kappa (Ireland)
• International Paper (U.S)
• Oji Fiber Solutions (NZ) Ltd. (Australia)
• WestRock Company (U.S)
• Rengo Co. Ltd. (Japan)
• Georgia-Pacific LLC (U.S)
• Hamburger Containerboard (Austria)
• Nine Dragon Paper (Holdings) Limited (Hong-Kong)
• Stora Enso (Finland)