Containerboard Market Growth Analysis | 2023-2028

Market Insights

The containerboard market was estimated at USD 130.1 billion in 2022 and is likely to grow at a CAGR of 2.53% during 2023-2028 to reach USD 151.9 billion in 2028.

Want to know more about the market scope? Register Here

Market Dynamics

Introduction

Containerboard is basically a kind of paperboard that is specially made for the production of corrugated board, including both types of paper i.e., liner board and the corrugating medium used for making corrugated board.

Market Drivers

The major factors driving the growth of the containerboard market are:

• Increasing demand for lightweight packaging material.
• Friendly government norms about recycled paper usage.
• Increasing usage of agricultural chemicals for protecting crops from insects and worms.

Want to have a closer look at this market report? Click Here

Key Players

Some of the key players in the market are:

• Cascade Inc.
• Cheng Loong Corporation
• Georgia Pacific LLC
• International Paper
• Klabin
• Mondi plc
• Packaging Corporation of America
• Stora Enso
• Svenska Cellulosa AB
• The Smurfit Kappa Group plc.

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Segments Analysis

By Product Type

Based on the product type, the market is segmented as liner board, corrugating medium, and white tops. The liner board is further divided into kraft liners and test liners. Kraft liners are estimated to hold the major part of the share in the market owing to their high tensile strength and wide application in paper sack production during the forecast period.

On the other hand, test liners are estimated to witness significant growth owing to their range of applications in consumer durables packing which includes processed food, meat products, and home & personal care, and in lowering the emission level of carbon, which is fueling the segment’s growth over the forecast period.

By Application Type

Based on the application type, the market is segmented as fast-moving consumer goods, industrial, flowers, agriculture, and fruits. The fast-moving consumer goods are further segmented as processed foods, home & personal care, meat, pharmaceuticals, fats & oils, dairy & alternatives, and alcohol & drinks. Processed food application is estimated to hold the largest share of the market owing to its wide utilization in shielding consumables from contamination and tempering, boosting the segment’s growth during the forecast period. These products need food stability so as to maintain their taste and texture.

On the other hand, pharmaceutical is anticipated to witness significant growth over the forecast period. These products find use in maintaining a sterilized environment, fragile product protection, and stacking efficiency, and also protect drugs from radiation which may cause any change in chemical formulations coupled with the loss of therapeutic values, accelerating the market growth during the forecast period.

Regional Insights

In terms of regions, Asia-Pacific is estimated to be the leading region in the market with South Korea, Japan, China, Australia, and India being the major countries with lucrative growth opportunities during the forecast period. Further, to prevent food deterioration they establish an antimicrobial environment and protect meat products from the direct influence of the exterior environment as the growing consumption of meat in the region can cause food spoilage.

In addition, Europe is projected to account for a significant share of the market owing to the growing personal care & cosmetic market in the region during the forecast period. France and Germany are projected as the growth engines of the region owing to increasing exports because of growing cosmetic manufacturing during the forecast period.

Further, the Brazilian containerboard industry is estimated to register strong growth on account of increasing flower commercialization during the forecast period. Also, increasing small supplementary agribusiness supported by the growth and development of retail flower distribution channels is expected to fuel the product demand for effective packaging, boosting the market growth over the forecast period.

Know the high-growth countries in this report. Register Here

Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects containerboard market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The containerboard market is segmented into the following categories:

By Product Type

• Linerboard
• Corrugating Medium
• White Tops

By Application Type

• Fast-moving Consumer Goods
• Industrial
• Flowers
• Agriculture
• Fruits

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Click Here, to learn the market segmentation details.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation by any one of the product types by application type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.