Containerboard Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Containerboard Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Containerboard Market

The global containerboard market size was valued at USD 132.88 billion in 2023 and is projected to grow from USD 136.11 billion in 2024 to USD 165.02 billion by 2032, exhibiting a CAGR of 2.44% during the forecast period.

The pandemic substantially impacted the containerboard market, leading to fluctuations in demand and delivery chains. With elevated e-commerce sports, the call surged initially, but production and logistics disruptions later brought challenges. However, the market adapted, specializing in resilience and innovation to navigate the uncertainties, albeit with various effects throughout regions and segments, impeding the rise of containerboard market growth.

Elements including increasing e-commerce activities, rising demand for sustainable packaging answers, and growth inside the meals and beverage industry drive the containerboard market's growth. Additionally, advancements in era and innovation and the need for green logistics and transportation contribute to market enlargement, increasing containerboard market share.

Fueled by the e-commerce surge and a developing green conscience, the containerboard market is on a regular upward trajectory. Manufacturers are innovating with lighter but sturdy containerboard grades, leading to decreased transportation fees and a smaller environmental footprint. This eco-friendly method, coupled with advancements in virtual printing for on-call customization and automation for performance, is propelling market growth. With its thriving online shopping scene, the Asia Pacific area is predicted to be a pacesetter on this upward push, pushed by the ever-increasing call for long-lasting and sustainable packaging solutions.

Comprehensive Analysis of Containerboard Market

In the containerboard market, segmentation plays a pivotal role in the knowledge of the numerous elements driving its boom. Recycled containerboard, pushed via increasing preference from stop-users and call for green packaging solutions, leads the market in material analysis. In the quit-person section, the food & beverage industry dominates because of the need for corrugated containers for transportation and storage. Containerboards' longevity and resistance residences reduce transport prices, fueling their adoption. Additionally, the private care & cosmetics section is witnessing a boom due to the protecting features of paperboards during transportation, emphasizing the market's numerous applications and possibilities for expansion.

The Asia Pacific region led the medical devices market by benefitting a size of USD 59.06 billion in 2023 due to the rapid industrialization of sports and the extended choice of purchasers for prepared-to-make and packaged ingredients & liquids because of busy lifestyles.

The key players in the containerboard market significantly influence its growth trajectory and set industry standards. These industry leaders, including Mondi Group (U.K.), SCG PACKAGING PUBLIC COMPANY LIMITED (Thailand), DS Smith (U.K.), Lee & Man Paper Manufacturing Ltd. (China), Smurfit Kappa (Ireland), International Paper (U.S.), Oji Fibre Solutions (NZ) Ltd. (Australia), WestRock Company (U.S.), Rengo Co., Ltd. (Japan), Georgia-Pacific LLC (U.S.), Hamburger Containerboard (Austria), Nine Dragons Paper (Holdings) Limited (Hong Kong), and Stora Enso (Finland), shape a competitive landscape marked by innovation and market advancement.

In August 2023, Billerud unveiled robust-coated white top kraftliners in the U.S. Marketplace. This launch guarantees extensive enhancements in sustainability and cost-effectiveness for packaging converters and brand proprietors alike. It enhances aid performance and diminishes carbon emissions across the price chain.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 2.44% from 2024 to 2032

Unit Value (USD billion), Volume (Million ton)

Segmentation By Material

- Virgin

- Recycled

By End-User

- Food & Beverage

- Personal Care & Cosmetics

- Industrial

- Others

By Geography

- North America (By Material, By End-User, By Country)

U.S.

Canada

Mexico

- Europe (By Material, By End-User, By Country)

Germany

France

U.K.

Italy

Spain

Russia

Rest of Europe

- Asia Pacific (By Material, By End-User, By Country)

China

Japan

India

South Korea

Indonesia

Rest of Asia Pacific

- Latin America (By Material, By End-User, By Country)

Brazil

Argentina

Mexico

Rest of Latin America

- Middle East & Africa (By Material, By End-User, By Country)

GCC

Rest of Middle East & Africa