Global Containerboard Market By Type (Kraftliners, Testliners, Flutings), By End-users (Food and Beverage, Consumer Goods, Pharmaceuticals, Industrial), and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa)
Market Outlook:
The global containerboard market was valued at USD 167.6 billion in 2019 and is projected to reach USD 256.8 billion by 2027, expanding at a CAGR of 5.8% during the forecast period. In terms of volume, the market is projected to expand at a CAGR of 4.5% during the forecast period. A containerboard is the material used to manufacture corrugated boxes known as cardboard boxes. Containerboards are solid, lightweight, flexible, and made from a renewable resource, it is the most used packaging material. It is also one of the most recycled material for packaging. End-user industries of containerboard include chemical, food & beverage, consumer goods, pharmaceutical, and electronics, as they need sustainable, lightweight, and personalized packaging solutions to meet the growing demand for products.
Market Dynamics
The market is driven by factors such as growing young population with an inclination towards processed foods, presence of large population pool requiring safe and protective packaging during transportation and increasing exports of agricultural products. However, factors such as availability of alternative packaging solutions and surging costs of raw materials is expected to impede the market growth during the forecast period.
Ongoing technological advancements in the digital printing sector are expected to generate several potential opportunities in the market. Moreover, increasing adoption of advanced process along with rising demand for high-volume liner and post-print products are anticipated to further create new opportunities. Furthermore, manufacturers in the containerboard market are expected to meet heavy customer requirements by providing them with tailored requirements that includes sustainable manufacturing, material design, and significant developments in cost-effective manufacturing techniques.
Moreover, the rising need for advanced lightweight materials is projected to boost the business growth over the coming years. This is attributed to factors such as cost reduction, improving performance, and environmental concerns, dealers are providing high-performance, light-weight corrugated, and containerboard grades. Corrugated boxes are environmentally friendly and sustainable form of packaging related to other forms of packaging such as plastics metals, and others. Corrugated boxes are made using 46% recycled material.
Segmental Outlook
On the basis of types, the containerboard market is segmented as kraftliners, testliners, flutings, and other. The kraftliner segment is expected to grow due to the substantial growth in the food & beverage industry around the world. Kraftliners are used for packaging food & beverages that might be placed in cold storage and humid conditions. This packaging is preferred as it offers superior efficiency as it has the consistency of packaging and packaging line. The fast growth of the online food industry is expected to boost the growth of the kraftliner segment during the forecast period. Online ordered food packers use kraftliner for packaging purposes due to its tear resistance, resilience, and elasticity.
People are opting for ready-to-eat food due to their busy lifestyles, which is driving the growth of the food & beverage segment. Packaged food requires short cooking time; thus, their demand is high among customers. Growing young population and rising number of working women fuels the demand for packaged food, which in turn, drives market growth. Food & beverage companies are increasingly adopting corrugated board packaging, as they can withstand long shipping time and keep moisture away from food products.
The food & beverage segment is expected to constitute a key share of the containerboard market. Food & beverage products includes sausages, cheese, pies, tinned vegetables, and others. These items require nutritional consistency to preserve their texture and taste and are used to shield consumables from tempering and contamination.
Regional Outlook
In terms of regions, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Based on region, Asia Pacific is expected to account for a dominant share of the containerboard board market, as the region offers various growth opportunities to vendors. Rise in disposable income is projected to boost the growth of the containerboard market in this region. Japan and China are major countries for the market in Asia Pacific. The market in Brazil is expected to grow at a significant pace during the forecast period due to the expansion of flower commercialization and packaging.
Competitive Landscape
- Key players in the market include International Paper, Smurfit Kappa, WestRock Company, Nine Dragons Paper Industries (Dongguan) Co., Ltd., Packaging Corporation of America, and Oji Holdings Corporation. These companies are considered as key manufacturers of containerboard based on their revenue, research & development (R&D) activities, regional presence, and supply chain management system.
- The players are adopting key strategies such as merger, acquisition, and geographical expansion in order to strengthen their market position.
- For instance, in May 2020, Cascades Inc. announced the introduction of its product line for e-commerce, which provides a wide selection of personalized, innovative, and sustainable packaging options for businesses selling its products online. According to the company, the requirement of containerboard and corrugated packaging is growing due to the rapid expansion of online retail industry owing to the prevalence of COVID-19. The company is working towards providing its customers with its wide spectrum of solutions that go beyond conventional packaging.
- In June 2018, Mondi completed the acquisition of Powerflute, an integrated paper & pulp mill. The acquisition helped the former company to increase production capacity and broaden its containerboard product range and geographic reach.
- On January 5, 2018, WestRock Company acquired Plymouth Packaging. The acquisition included the Plymouth’s ‘Box on Demand’ systems. This acquisition has helped WestRock Company strengthen its containerboard production capacity and products range.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the Global Containerboard Market
- Historical, Current and Projected Market Size in terms of Value and Volume (Tons)
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Global Containerboard Market Performance
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Containerboard Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Containerboard Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Containerboard Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Containerboard Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Containerboard Market Size & Forecast, 2017-2027
4.5.1 Containerboard Market Size and Y-o-Y Growth
4.5.2 Containerboard Market Absolute $ Opportunity
Chapter 5 Global Containerboard Market Analysis and Forecast By Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Type
5.1.2 Basis Point Share (BPS) Analysis By Type
5.1.3 Absolute $ Opportunity Assessment By Type
5.2 Containerboard Market Size & Volume Forecast By Type
5.2.1 Kraftliners
5.2.2 Testliners
5.2.3 Flutings
5.2.4 Other
5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Containerboard Market Analysis and Forecast By End-users
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By End-users
6.1.2 Basis Point Share (BPS) Analysis By End-users
6.1.3 Absolute $ Opportunity Assessment By End-users
6.2 Containerboard Market Size & Volume Forecast By End-users
6.2.1 Food and Beverage
6.2.2 Consumer Goods
6.2.3 Pharmaceuticals
6.2.4 Industrial
6.2.5 Other End-users
6.3 Market Attractiveness Analysis By End-users
Chapter 7 Global Containerboard Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Containerboard Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Containerboard Analysis and Forecast
9.1 Introduction
9.2 North America Containerboard Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Containerboard Market Size & Volume Forecast By Type
9.6.1 Kraftliners
9.6.2 Testliners
9.6.3 Flutings
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis By Type
9.8 Absolute $ Opportunity Assessment By Type
9.9 Market Attractiveness Analysis By Type
9.10 North America Containerboard Market Size & Volume Forecast By End-users
9.10.1 Food and Beverage
9.10.2 Consumer Goods
9.10.3 Pharmaceuticals
9.10.4 Industrial
9.10.5 Other End-users
9.11 Basis Point Share (BPS) Analysis By End-users
9.12 Absolute $ Opportunity Assessment By End-users
9.13 Market Attractiveness Analysis By End-users
Chapter 10 Europe Containerboard Analysis and Forecast
10.1 Introduction
10.2 Europe Containerboard Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Containerboard Market Size & Volume Forecast By Type
10.6.1 Kraftliners
10.6.2 Testliners
10.6.3 Flutings
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis By Type
10.8 Absolute $ Opportunity Assessment By Type
10.9 Market Attractiveness Analysis By Type
10.10 Europe Containerboard Market Size & Volume Forecast By End-users
10.10.1 Food and Beverage
10.10.2 Consumer Goods
10.10.3 Pharmaceuticals
10.10.4 Industrial
10.10.5 Other End-users
10.11 Basis Point Share (BPS) Analysis By End-users
10.12 Absolute $ Opportunity Assessment By End-users
10.13 Market Attractiveness Analysis By End-users
Chapter 11 Asia Pacific Containerboard Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Containerboard Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Containerboard Market Size & Volume Forecast By Type
11.6.1 Kraftliners
11.6.2 Testliners
11.6.3 Flutings
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis By Type
11.8 Absolute $ Opportunity Assessment By Type
11.9 Market Attractiveness Analysis By Type
11.10 Asia Pacific Containerboard Market Size & Volume Forecast By End-users
11.10.1 Food and Beverage
11.10.2 Consumer Goods
11.10.3 Pharmaceuticals
11.10.4 Industrial
11.10.5 Other End-users
11.11 Basis Point Share (BPS) Analysis By End-users
11.12 Absolute $ Opportunity Assessment By End-users
11.13 Market Attractiveness Analysis By End-users
Chapter 12 Latin America Containerboard Analysis and Forecast
12.1 Introduction
12.2 Latin America Containerboard Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Containerboard Market Size & Volume Forecast By Type
12.6.1 Kraftliners
12.6.2 Testliners
12.6.3 Flutings
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis By Type
12.8 Absolute $ Opportunity Assessment By Type
12.9 Market Attractiveness Analysis By Type
12.10 Latin America Containerboard Market Size & Volume Forecast By End-users
12.10.1 Food and Beverage
12.10.2 Consumer Goods
12.10.3 Pharmaceuticals
12.10.4 Industrial
12.10.5 Other End-users
12.11 Basis Point Share (BPS) Analysis By End-users
12.12 Absolute $ Opportunity Assessment By End-users
12.13 Market Attractiveness Analysis By End-users
Chapter 13 Middle East & Africa (MEA) Containerboard Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Containerboard Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Containerboard Market Size & Volume Forecast By Type
13.6.1 Kraftliners
13.6.2 Testliners
13.6.3 Flutings
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis By Type
13.8 Absolute $ Opportunity Assessment By Type
13.9 Market Attractiveness Analysis By Type
13.10 Middle East & Africa (MEA) Containerboard Market Size & Volume Forecast By End-users
13.10.1 Food and Beverage
13.10.2 Consumer Goods
13.10.3 Pharmaceuticals
13.10.4 Industrial
13.10.5 Other End-users
13.11 Basis Point Share (BPS) Analysis By End-users
13.12 Absolute $ Opportunity Assessment By End-users
13.13 Market Attractiveness Analysis By End-users
Chapter 14 Competition Landscape
14.1 Containerboard Market: Competitive Dashboard
14.2 Global Containerboard Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 International Paper
14.3.2 Smurfit Kappa
14.3.3 WestRock Company
14.3.4 Nine Dragons Paper Industries (Dongguan) Co., Ltd.
14.3.5 Packaging Corporation of America
14.3.6 Oji Holdings Corporation
14.3.7 Mondi
14.3.8 Cascades inc.
14.3.9 Greif
14.3.10 Sappi
By Type
- Kraftliners
- Testliners
- Flutings
- Other
- Food and Beverage
- Consumer Goods
- Pharmaceuticals
- Industrial
- Other End-users
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Germany
- France
- Italy
- U.K.
- Spain
- Russia
- Rest of the Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- UAE
- Rest of MEA
- International Paper
- Smurfit Kappa
- WestRock Company
- Nine Dragons Paper Industries (Dongguan) Co., Ltd.
- Packaging Corporation of America
- Oji Holdings Corporation
- Mondi
- Cascades inc.
- Greif
- Sappi
Our Clients
FAQ Section
Some frequently asked quetions about this report!
Additional company profiles can be provided on request.
Yes, the report covers product specific information such as kraftliners, testliners, etc.
According to the Growth Market Reports report, the market from containerboard is likely to register a CAGR of 5.8% during forecast period 2020-2027, with an anticipated valuation of USD 256.8 million by the end of the 2027.
The quarterly update for the global containerboard market is available; along with company market share analysis and volume data.
Increasing use of online channels for shopping, high demand for premium packaging and growing need of sustainable packaging solutions are some of the factors that will drive the growth of containerboard market.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
The market is expected to witness decrease of around 3.6% between 2019 and 2020 owing to the negative impact of COVID-19 pandemic on the containerboard market.
The base year considered for the global containerboard market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.
Food and beverage, pharmaceuticals and industrial are the key end-users that are driving the containerboard market.
Major Manufactures include, International Paper, Smurfit Kappa, WestRock Company, Nine Dragons Paper Industries (Dongguan) Co., Ltd., and Oji Holdings Corporation.
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