According to a research survey conducted by ChemView Consulting, in 2022, the Global Containerboard Market was worth US$ 130.0 Bn and is expected to grow at a CAGR of 2.5% over the forecast period. The market is expected to hit US$ 158.4 Bn by 2030 end.
Containerboards are fiber-based derivatives made from virgin cellulose fiber, recycled fibers, or a combination of the two. These are utilized in the production of boxes and corrugated containers. It is estimated that corrugated boxes manufactured of containerboard transport more than 95.0% of all products produced in the United States.
This high demand is owing to its well-known strength for transporting various items, as it protects the internal contents from external forces while still being environmentally friendly. Its ease of stacking and transporting products and the use of recycled resources in its manufacturing are additional benefits.
Containerboard Market 2017-2030: Report Key Highlights:
- Detailed information on factors that will assist Global Containerboard’s growth during the next eight years
- Assessment of the historical and current Global Containerboard Market size (2017-2021), market projections (2022-2030), and its contribution to the parent market
- The growth of the markets across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa
- Segment-wise, country-wise, and region-wise market analysis
- Key drivers, restraints, opportunities, and key emerging trends impacting market growth
- Predictions on critical supply, demand, and technological trends and changes in consumer behavior
- Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
- Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
- Covid-19 impact on the market and how to navigate
- Strategic market analysis and recommendations on crucial winning strategies
For More Details Visit Our Report Page: https://chemviewconsulting.com/reports/containerboard-market/
Key Takeaways
By Material: Recycled containerboards have a substantial market share. Consumer goods manufacturers’ growing preference for recyclable materials has increased the demand for recycled materials. The food and beverage industries’ growing demand for eco-friendly and sustainable packaging solutions has pushed the market.
The demand for recycled ones is likely to increase because they are less expensive and comply with government requirements, improving the total market.
By End-User: The Food & Beverage industry accounts for a sizable portion of the containerboard market. The food and beverage industries require corrugated boxes manufactured of containerboards for transportation and storage. It is due to its sturdiness, resistance to stacking and vibration, and capacity to withstand crushing. These benefits contribute to lower shipping and transportation costs, reducing the overall cost of packaging.
By Region: In 2021, the Asia-Pacific market was expected to be worth USD 56.0 billion. Due to a busy lifestyle, Asia Pacific is the fastest-growing market due to rapid industrialization and increased consumer preference for ready-to-eat prepared and packaged food.
China is the largest contributor to product demand, fueling regional market expansion. China is expected to be the primary consumer of the global containerboard market, primarily determined by large-scale modern and assembling hones.
Competition Summary
The containerboard industry is consolidated with numerous prominent companies. Few big firms currently dominate the market in terms of market share. These market leaders are concentrating on growing their consumer base in overseas countries. These businesses are capitalizing on strategic collaboration initiatives to enhance their market share and profitability.
Key companies covered in the market study are Cheng Loong Corporation, Georgia Pacific LLC, International Paper, Klabin, Mondi PLC, Packaging Corporation of America, Stora Enso, Svenska Cellulosa AB, and The Smurfit Kappa Group plc.
Segments Covered in Report
By Type:
- Kraftliners
- Testliners
- Flutings
By Material:
- Virgin Fibers
- Recycled Fibers
- Virgin + Recycled Fibers
By End-User:
- Food and Beverage
- Personal Care & Cosmetics
- Industrial
- Consumer Goods
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
About ChemView Consulting’s Packaging Domain
ChemView Consulting’s Packaging domain provides unique, reliable, and in-depth analysis of the packaging business with the help of its in-house and experienced analysts and subject matter experts. The comprehensive coverage includes Packaging Equipment & Materials, Advanced Packaging, Industrial Packaging, Food & Beverage Packaging, Household Packaging, Personal Care and Pharmaceutical Packaging, and ICT Packaging. In addition, for developing – “The Future Growth Plan,” our research studies serve as market reference guides for manufacturers, research institutes, channel partners, and government agencies.
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and consulting company serving worldwide Chemicals & Materials, Food & Beverage, Oil & Gas, Clean Energy, and Packaging clients. ChemView Consulting serves clients in approximately 100 countries, with its office in the U.S. and delivery centers in India.
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