Containerboard Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The containerboard market will register at a CAGR of 4.5% over the forecast period. Containerboard is becoming more and more common in the world of packaging. Due to its adaptability, portability, and durability, it is the packaging material that is used most commonly. In addition, it comes from a renewable resource. It is also the one packing material that is recycled the most.
Key HighlightsThe containerboard market is moderately competitive and consists of many major players. Few big competitors now control most of the market in terms of market share. These significant market participants are concentrating on growing their consumer base internationally. Many businesses rely on strategic collaboration projects to improve their market share and profitability
In February 2022, the WestRock Company proclaimed its intentions to construct a new corrugated box plant in Longview, Washington, in order to satisfy the expanding demand from its local customers in the Pacific Northwest. The new corrugated box mill will supply all market segments and industry sectors in the Pacific Northwest.
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