Global Containerboard Market to be Driven by Increasing Industrial and Manufacturing Activities Worldwide

A new market research report, titled “Containerboard Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024,” by Transparency Market Research provides a detailed analysis of the market, emphasizing on the major growth drivers, restraints, opportunities, and current trends. The research study further talks about the major geographical segments, product segments, and vendor analysis of the global containerboard market. The study has provided market estimations and historical data to help readers and decision makers in formulating effective business strategies.

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The global containerboard market has been classified on the basis of type and grade. By type, the global market is segmented into medium and kraft linerboard and the grades of containerboard are stated in numbers between 18 and 90 on the basis of weight. The research study has provided the market size, share, and estimated figures of each segment for the forecast period. Containerboards find application in diverse sectors such as food and beverages, automotive, electrical and electronics, and industrial goods.

The growing manufacturing and industrial activities across the globe are a major factor propelling the global containerboard market. In addition, the enhanced strength and durability of container boxes are further estimated to fuel the growth of the market in the next few years. Furthermore, the increasing demand for innovative and lightweight packaging is also projected to drive the overall containerboard market throughout the forecast period. On the flip side, the growing use of plastic for the production of containers is anticipated to curb the growth of the market in the next few years. In addition, the growing raw material and processing cost are expected to hamper the growth of the market in the near future.

By geography, the global containerboard market has been segmented into the Middle East and Africa, Asia Pacific, North America, Latin America, and Europe. In the next few years, the Asia Pacific regional market is projected to be the largest containerboard producer as well as consumer in terms of volume. In this region, China is considered to be the leading consumer, owing to the large manufacturing and industrial practices in the country. Furthermore, the Latin America market is expected to grow substantially in the next few years. Europe and the Middle East and Africa are also projected to witness strong demand for containerboard boxes in the coming years.

The leading players operating in the global containerboard market include Mondi, Packaging Corporation of America, DS Smith, Svenska Cellulosa Aktiebolaget SCA, BillerudKorsnäs AB, Greif, Smurfit Kappa Group, Sonoco Products Company, International Paper., Pratt Industries, Inc., and Klabin. The research study has further provided detailed profiles of these players, including their product portfolio, business policies, financial status, SWOT analysis, and recent development and news.

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This release was published on openPR.