Containerboard Market Report 2021 by Global Key Players, Types, Applications, Countries, Size, Forecast to 2025

Some of the prominent containerboard suppliers include Smurfit Kappa, International Paper, and Mondi Group, among many others. Reports estimate that the global containerboard market size could cross USD 250 billion in terms of annual revenue by 2025.

The need for high strength and lightweight packaging solutions in the food processing sector may drive containerboard industry growth in the coming times. Containerboards are widely used in the food sector due to their high food-grade quality that protects the food from any direct exposure to sunlight and water, avoiding spoilage and sealing its quality.

The products find use in the agricultural sector owing to superior impact resistance characteristics that protect the fruits and vegetables from being damaged during accidents and various other conditions. The industry comprises manufacturers that are working towards developing robust packaging solutions to meet the different demands of various sectors. These companies are carrying out research and development to develop sustainable product alternatives to suit the changing environmental needs.

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Below are some of the factors likely to boost the product demand in the coming years.

Need to protect the quality of meat

The increasing demand for meat products globally has driven the need for reliable storage solutions to retain freshness and avoid any loss of nutrient content which will support the demand for containerboards. The need to supply meat across borders has particularly stressed on the need to use a packaging system that is reliable, secure, and seals the freshness of the items. Containerboards are widely preferred for meat product packaging which helps retain freshness and avoid any loss of nutritional value.

The product helps maintain a sterilized environment, protecting the meat from microbial, fungal, and pathogenic contamination as well as shielding it from direct exposure to water, heat, and air.

Growing consumption of alcohol

The increase in disposable income and the consequent improvement in living standards have supported the demand for alcohol and other beverages in both developed as well as developing countries.

The growing trend of dining at restaurants, bars, fine dine restaurants, and clubs that serve liquor has steered the need for containerboards for storing bottles. The product is used for secondary packaging for the beverages in order to protect them from shocks especially when being transported in large volumes. Containerboards provide superior strength body to weight ratio making the mobility of packed items convenient.

Rising construction activities in Japan

In developing countries like Japan, a boom in commercial establishments over the years has steered the adoption of containerboards in construction, where they are used to offer protection to the building materials from breaking down and rusting. The investments made by the governments in the construction of new infrastructures like schools, hospitals, and offices will positively influence the local containerboard market size.

Emerging textile market in Germany

In Germany, containerboards find a wide application scope in the textile industry owing to their ability to shield the products from cloth retardation and dust, further securing them from getting damaged. The considerably high purchasing power among people in Germany and the subsequent development in the small and medium scale textile factories to meet the growing needs of the people will complement the use of containerboards.

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COVID-19 and the boom in e-commerce sales

The world has witnessed a notable uptick in online shopping owing to strict government restrictions amid the rising COVID-19 cases. The convenience of products being available at the doorstep with a wide product variety has boosted e-commerce sales with time.

Containerboards are widely used in the packaging of various products to offer protection against spillage, breakage, or contamination during domestic or international shipping.

According to the Australian Bureau of Statistics, the total online sales witnessed an average annual rise of 67.1% from March to October 2020, at the outset of the coronavirus outbreak in Australia. This, along with the easy availability of products and with many brands shifting their marketplace online, the demand for containerboards due to developments in the e-commerce sector will witness a steady rise.

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This release was published on openPR.