Containerboard Market Forecast 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.

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What is a containerboard?

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 Dynamics

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.

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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 sacks 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, for preventing food deterioration these 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.

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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 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)

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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.

Research Methodology

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 10 detailed primary interviews with the market players across the value chain in all four regions and with 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 the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

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.

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