Global Containerboard Market Size study & Forecast, by Material (Virgin, Recycled), by End-user (Food & Beverage, Personal Care & Cosmetics, Industrial, Others) and Regional Analysis, 2022-2029

Global Containerboard Market Size study & Forecast, by Material (Virgin, Recycled), by End-user (Food & Beverage, Personal Care & Cosmetics, Industrial, Others) and Regional Analysis, 2022-2029

Global Containerboard Market is valued at approximately USD 126.66 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 2.4% over the forecast period 2022-2029. Corrugated case material (CCM), is a type of packaging material that is extensively used due to its qualities, which include being lightweight, having a high grammage, and being adaptable, containerboard. Corrugated medium and linerboard (facing) are its two basic components (fluted paper). The surging demand for processed and packaged foods, increasing initiatives for environmental concerns, coupled with rapid industrialization are the primary factors that are stipulating the market demand across the globe.

The rising shipments through e-commerce are acting as a key driving factor for global market growth. According to Statista, in 2021, it is estimated that retail e-commerce sales around the world were estimated to account for USD 5,211 billion, which is projected to grow and reach USD 8,148 billion by the year 2026. Therefore, the growing need for packaging across the e-commerce sector is directly associated with market growth in the estimated years. Moreover, rising emergence of sustainable packaging solutions, as well as the growing initiatives by key market players are presenting various lucrative opportunities over the forecasting years. However, availability of alternative packaging solutions and regulations by government on the use of natural resources are challenging the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Containerboard Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The Asia Pacific dominated the market in terms of revenue and is expected to grow with the highest CAGR owing to the rising inclination towards ready-to-make and packaged foods & beverages, increasing working population, along with rapid industrialization activities. Whereas, North America is expected to grow with the highest growth rate during the forecast period, owing to factors such as the development of the cosmetics & personal care market and growing focus on the usage of sustainable products for packaging in the market space.

Major market players included in this report are:
Mondi Group
SCG Packaging Public Company Limited
DS Smith
Lee & Man Paper Manufacturing Ltd.
Smurfit Kappa
International Paper
Oji Fibre Solutions (NZ) Ltd.
WestRock Company
Rengo Co., Ltd.
Georgia-Pacific LLC

Recent Developments in the Market:
 In August 2021, SCGP unveiled that the company acquired 75% share of Intan Group, a producer of corrugated containers in Indonesia. The objective of this acquisition is to extend the complete range of manufacturing, supply chain, and packaging development from upstream to downstream.
 In January 2021, Mondi announced the acquisition of 90.38% of the outstanding shares in Olmuksan International Paper Ambalaj Sanayi ve Ticaret A.Ş from International Paper. The company intends to create significant operational improvements and paper incorporating the upside by using expertise and experience in this market and a global virgin and recycled portfolio.

Global Containerboard Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Material, End-user, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Material:
Virgin
Recycled

By End-user:
Food & Beverage
Personal Care & Cosmetics
Industrial
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Companies Mentioned

Mondi Group
SCG Packaging Public Company Limited
DS Smith
Lee & Man Paper Manufacturing Ltd.
Smurfit Kappa
International Paper
Oji Fibre Solutions (NZ) Ltd.
WestRock Company
Rengo Co., Ltd.
Georgia-Pacific LLC

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