Segments - 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) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2027
Segments - 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) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2027
The global containerboard market size 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, 2020-2027. 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.
Containerboard 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.
Containerboard Market Segment Insights
Type Segment Analysis
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.
End-user Segment Analysis
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.
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
Nine Dragons Paper Industries (Dongguan) Co., Ltd.
Packaging Corporation of America
Oji Holdings Corporation
Mondi
Cascades inc.
Greif
Sappi
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.
Chapter 1 Executive Summary 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
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Major Manufactures include, International Paper, Smurfit Kappa, WestRock Company, Nine Dragons Paper Industries (Dongguan) Co., Ltd., and Oji Holdings Corporation.
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.
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.
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.
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