Colombia Containerboard Market Overview, 2029

Colombia Containerboard Market Overview, 2029

In Colombia, the containerboard market is experiencing a renaissance, fueled by a growing awareness of environmental impacts and a commitment to reducing waste through innovative recycling practices. Governments around the Colombia are implementing regulations that restrict the use of plastic packaging and promote the use of sustainable alternatives like containerboard. The growing sustainability initiatives worldwide have also encouraged the utilization of recycled paper in containerboard production, promoting sustainability. The Colombia food and beverage industry is expected to grow at a steady pace in the coming years, contributing to the demand for containerboard used in food packaging. In Colombia, the quality and durability of containerboards are becoming a concern during the packaging of glass and other fragile products. This is making the market favorable for alternatives and substitutes, such as plastic, wooden, and metal packaging products. The high tendency of containerboards to distort and deform and their low degree of robustness and strength are anticipated to impede the growth of the market during the forecast period. Corrugated boxes are almost entirely made up of containerboards. Corrugated boxes are in high demand because they are ideal for storing and transporting a wide variety of things, including food and drink, glassware, chemicals, electronics, and consumer goods. The expansion of the food and beverage sector has led to increased demand around the Colombia. Consumers' shifting preferences and the convenience of ready-to-eat, frozen, and packaged meals have fueled the expansion of the food and beverage market. As a result, demand for containerboard has increased in Colombia. The use of corrugated boxes tailored to individual products to prevent damage during shipping and ensure secure delivery is another factor in the brisk expansion of the e-commerce sector.

According to the research report ""Colombia Containerboard Market Overview, 2029,"" published by Bonafide Research, the Colombia containerboard market is expected to reach a market size of more than USD 700 Million by 2029. Increasing demand for innovative lightweight materials is the primary trend shaping the market. The increasing demand for innovative lightweight materials is one of the major trends in the global containerboard market. Market players are increasingly providing lightweight and high-performance corrugated materials to reduce costs, enhance performance, and stay compliant. Lower material consumption during the manufacturing process also reduces the environmental impact during the entire process. The packaging industry is seeing many innovations. In Colombia, the growth in e-commerce sales is driving the demand for containerboard due to increased need for shipping boxes and packaging materials to fulfil online orders. With the increasing online sales, there’s surge in the production and consumption of corrugated cardboard. In Colombia, containerboard is used to make corrugated boxes and packaging material, essential for shipping products. In response to the increasing demand for containerboard driven by e-commerce sales growth, manufacturers can invest in expanding production capacity or optimizing production process. The versatility of containerboard makes it suitable for a wide range of applications, from shipping boxes to point-of-sale displays, catering to various industries such as food and beverage, consumer goods, and pharmaceuticals. Innovations in production processes and material properties enhance the performance of containerboard, making it more appealing to businesses seeking durable and lightweight packaging solutions. Containerboard is often a more cost-effective packaging solution compared to other materials, making it an attractive option for businesses looking to manage expenses while maintaining product safety and integrity.

In the containerboard market, the category of Recycled Paper holds the highest share, mainly due to cost effectiveness and ecological benefits. More preference is given to recycled paper because of its low production costs when compared with virgin fiber, for its contribution to sustainability. The growing concept of circular economy and the increasing consumer trend for sustainable products push demand for recycled paper. The fact that it can be reprocessed a number of times and recycled makes it in line with the global initiatives of waste reduction and reduction of environmental impact from packaging. Thus, dominance of recycled paper continues in the containerboard market and it keeps on serving the needs of both economic and ecological needs. The Virgin Fibre segment is growing at a good pace. This segment is growing due to increasing demand for quality, strong, and better packaging which provides strength and endurance. Virgin fiber directly sourced from newly harvested wood delivers superior performance characteristics, such as enhanced rigidity and strength, making it hold a place in premium and high-stress applications. In light of industries continuing to raise the bar on packaging integrity and consumer experience, demand for virgin fiber grows. Besides, coupled with improved ways of sustainable forestry practices and certifications that ensure virgin fiber can be responsibly sourced, it continues to grow.

The different segments in the containerboard market trend distinctly due to their end-use applications. Of all, the Food & Beverage sector enjoys a leading position, more specifically in fruits and vegetables, processed food, ready-to-eat food, and poultry products. This is majorly due to the high demand from the sector with regard to sustainable and protective packaging solutions related to the freshness and safety of the products. It is well-suited for containerboard applications, as it brings on board durability and versatility, matching the requirements of these applications. Due to this, the segment continues to remain a key demand driver for containerboard, as consumer tastes are slowly shifting towards convenience and sustainability. The cosmetics and personal care segment is showing excellent growth. This has been driven by the growing interest of consumers in eco-friendly packaging solutions within the beauty and personal care industry. Companies are increasingly using containerboard because it is recyclable and less harmful to the environment, in line with increased sustainable trends across consumers and regulatory pressures to minimize plastic use.

The Pharmaceuticals segment remains flat in its demand for containerboard, as it requires secure and tamper-evident packaging of their products to guarantee safety and integrity. Though this is not the fastest-growing market, it still remains important, considering the continuous requirement of reliable and compliant packaging solutions. In the Textile Industry, this sector caters to both woven and non-woven fabrics and it mainly utilizes containerboard for packaging and distribution. Not a leading segment, it still has the advantage of containerboard's cost-effectiveness and strength. In Electrical & Electronics, containerboard finds usage in the packaging of smartphones, televisions, computers, and other devices. The sector is stable but a minor driver of market growth.

Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Containerboard market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Material
• Recycled Paper
• Virgin Fibre

By End-use
• Food & Beverage (Fruits & Vegetables, Processed Food, Ready-to-eat-Food, Poultry Products and Others)
• Cosmetics & Personal Care
• Pharmaceuticals
• Textile Industry (Woven and Non-Woven)
• Electrical & Electronics (Smartphones, Television, Computers and Others)
• Others

The approach of the report:

This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience

This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Containerboard industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.