Containerboard Market by Material (Virgin Fibres, Recycled Fibres and Mixed Fibers), by Type (Linerboard and Flutting), by Wall Type (Single Face, Single Wall, Double Wall and Triple Wall), and by End User (Food and Beverage, Personal Care & Cosmetics, Consumer Electronics, and Other End User) – Global Opportunity Analysis and Industry Forecast, 2024–2030
The Containerboard Market size was valued at USD 138.04 billion in 2023, and is predicted to reach USD 177.18 billion by 2030, with a CAGR of 3.3% during the forecast period, 2024–2030.
The exponential growth of e-commerce has significantly increased the demand for shipping boxes and packaging materials, fueling the containerboard industry. As consumers shift towards online shopping, the volume of goods delivered directly to doorsteps has surged. Global B2B e-commerce sales have consistently grown over the past decade, projected to reach USD 36 trillion by 2026, while global B2C e-commerce revenue is anticipated to hit USD 5.5 trillion by 2027. This e-commerce boom is expected to drive continued expansion in the containerboard market, pushing manufacturers to innovate and meet the evolving retail landscape's increasing demand for durable packaging solutions.
However, the containerboard industry faces potential challenges due to the growing adoption of alternative packaging materials, such as plastics, metals, glass, and composites. Innovative advancements in these materials may lead to their increased use by industries that have traditionally relied on containerboard.
On the contrary, the incorporation of nanotechnology and smart packaging solutions will allow for the creation of containerboard products with advanced features, including active protection and real-time monitoring. This fusion of technology and innovation will unlock new opportunities for the containerboard market, driving its growth and expansion in the years to come. With these technological advancements fueling innovation, the containerboard market is well-positioned for significant growth in the upcoming years.
Segment OverviewThe global containerboard industry is segmented on the basis of material, type, wall type, end user, and region.
By material, the market is divided into virgin fibres, recycled fibres and mixed fibers.
By type, the market is categorized into linerboard and fluting.
By wall type, the market is classified into single face, single wall, double wall and triple wall.
By end user, the market is again divided into food and beverage, personal care and cosmetics, consumer electronics, and other end user.
By region, the market is bifurcated into North America, Europe, Asia-Pacific, and the rest of the world (RoW).
Regional AnalysisAsia-Pacific Dominates the Containerboard Market
The Asia-Pacific region holds a dominant position in the containerboard market due to the rapid expansion of e-commerce in countries such as China, Japan, South Korea, and India. China, the world's largest online retail market, witnessed a surge in e-commerce exports, reaching USD 257.56 billion in 2023, a 19.6% increase compared to the previous year. As e-commerce continues to drive growth in Asia-Pacific, the demand for efficient packaging solutions remains strong, fueling the development of the containerboard market.
Moreover, the presence of one of the largest food and beverage industry is a significant driver of containerboard sector in this region. These boxes offer durability and the ability to withstand stacking, vibration, and crushing, making them ideal for the packaging and delivery of a diverse range of food items. For instance, Japan's retail food and beverage market reached an approximate value of USD 327 billion in 2022, driven by the rising demand for packaged food products. This growth in the demand for packaged food & beverage boosts the demand for sustainable packaging solutions in this region, propelling the growth of Japan's containerboard market.
Key Market Players
The key players in the global containerboard market include:• International Paper
• Westrock Company
• Smurfit Kappa Group Plc
• Nine Dragons Paper (Holdings) Limited
• DS Smith Plc
• Packaging Corporation of America
• Graphic Packaging International
• Rengo Co., Ltd
• Stora Enso
• Greif, Inc.
Recent Developments
April 2024Rengo Co., Ltd. acquired RM Tohchello Co. through an absorption-type merger, integrating the Packaging Solution business of SunTox Co., Ltd. and Mitsui Chemicals Tohcello, Inc. This acquisition aims to further develop Rengo's flexible packaging business and enhance its capabilities in the industry.
March 2024DS Smith launched DryPack, a sustainable, fiber-based packaging solution in the U.S. market, targeting seafood processors to replace plastic containers. It is the only containerboard seafood box approved for air freight, significantly reducing space and enhancing sustainability.
March 2024Greif, Inc. partnered with CDF Corporation to launch an innovative redesign of its GCUBE intermediate bulk container (IBC) for transporting sterile products. This innovative solution is designed to meet the unique requirements of the pharmaceutical and biotechnology industries.
KEY BENEFITS• The report provides quantitative analysis and estimations of the containerboard market from 2024 to 2030. This analysis assists in identifying the prevailing market opportunities to capitalize on.
• The study comprises a detailed analysis of the containerboard market trends, including the current and future trends to depict the prevalent investment pockets in the market.
• The information related to key drivers, restraints, and opportunities and their impact on the containerboard manufacturing market is provided in the report.
• The competitive analysis of the market players along with their market share in the containerboard market is provided in the report.
• The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
• The value chain analysis in the market study provides a clear picture of the roles of stakeholders.