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How containerboard market Growing Rapidly...? Top Manufacturers Mondi Group Smurfit Kappa, International Paper, Klabin, Sappi, WestRock Company, Packaging Corporation of America, Stora Enso, Georgia-Pacific LLC
Containerboard Market
How will increasing packaging material demands from FMCG sector impact containerboard market?
The containerboard industry already boasts of a respectable presence in the food and cosmetics sectors. Food packaging firms predominantly utilize containerboards due to the material’s food-grade quality. Moreover, they also prevent food from direct exposure to natural elements such as water and sunlight, promoting market growth further.
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How is the demand for durable packaging material from the agriculture industry driving containerboard market?
Agricultural personnel have for long, been struggling to find appropriate containers that can hold delicate fruits and vegetables during their transit to the produce section. This search has led to the agriculture sector emerging as a prominent revenue stream for containerboard market.
Containerboards are highly durable and have excellent impact resistance – this, when combined with its food-grade quality, make them ideal for transporting produce to supermarket shelves without damage. Estimates claim India containerboard market size from agriculture applications to cross 3 billion square meters by 2025.
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How will the expanding automotive and textile sectors across Europe drive the regional containerboard market size?
Europe is home to a thriving automotive industry owing to the presence of several automobile companies. Moreover, the region also boasts of a prominent textile industry. These two avenues are expected to propel Europe containerboard market over the forecast timeframe.
France for example, is witnessing a trend wherein containerboards are increasingly being used to package automotive lubricants such as brake & engine oils and grease. Leveraging this trend, the France containerboard market share from lubricant applications will cross $150 million by 2025.
In Germany containerboards are seeing significant use in the textile industry, as they protect clothes from getting damaged or wrinkled by shielding them from cloth and dust retardation. Estimates claim that Germany containerboard industry size from textile applications will register a CAGR of 3.5% through 2025.
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All in all, it is quite overt that use of containerboards would be increasing exponentially across numerous applications over the coming years. Global Market Insights, Inc., predicts containerboard market size to surpass $250 billion by 2025.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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