Press release
Containerboard Market Size, Share, Growth Analysis By 2033
Containerboard Market Size
As per the report, the containerboard market size has grown steadily in recent years. It will grow from $128.50 billion in 2023 to $133.70 billion in 2024 at a compound annual growth rate (CAGR) of 4.1%. The containerboard market size is expected to see steady growth in the next few years. It will grow to $157.69 billion in 2028 at a compound annual growth rate (CAGR) of 4.2%.
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What Is Driving The Growth Of The Global Containerboard Market?
Rising Adoption Of Electronic Items Enhanced Containerboard Market Growth
The growing demand for electronic items is expected to propel the growth of the containerboard market going forward. Electronic items refer to devices or equipment that operate using electronic circuits and typically involve the control of electrical currents to perform specific functions. The consumption of electronic items is growing due to several reasons, including increased connectivity, digital transformation, e-commerce growth, and emerging markets. Containerboard is used in electronics for durable and eco-friendly packaging solutions, ensuring protection during shipping and handling. Its recyclable nature also supports sustainability efforts in the electronics industry
What Is The Key Trend In The Global Containerboard Market?
Advanced Solutions Transforming The Containerboard Market
Major companies operating in the containerboard market are focusing on developing innovative products, such as recyclable containerboard, to enhance sustainability and meet environmental regulations. Recyclable containerboard refers to paperboard material that can be easily recycled and reused to minimize environmental impact and promote sustainability.
How Is The Global Containerboard Market Segmented?
The containerboard market covered in this report is segmented -
1) By Type: Kraftliners, Testliners, Fluting
2) By Material: Recycled, Virgin
3) By End-Use Industry: Food And Beverage, Cosmetics And Personal Care, Pharmaceuticals, Textile Industry, Electrical And Electronics, Other End-User Industries
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How Is The Competitive Landscape Of The Global Containerboard Market?
Major companies operating in the containerboard market are International Paper and Power Corporation, WestRock Co., Georgia-Pacific Plywood & Lumber Company, Smurfit Kappa Group, Oji Holdings Corporation, Stora Enso Oyj, Mondi Group plc, Packaging Corporation of America (PCA), Nine Dragons Paper (Holdings) Limited, South African Pulp and Paper Industries Limited (SAPPI), Rengo Co.Ltd., Greif Inc., Klabin S.A., Cascades Inc., Lee and Man Paper Manufacturing Ltd., Svenska Cellulosa Aktiebolaget (SCA), Cheng Loong Corp., Europac Group, Seshasayee Paper and Boards Limited, Siam Kraft Industry Co. Ltd., Hamburger Containerboard, Sun Paper Co.
Contents Of The Global Containerboard Market
1. Executive Summary
2. Containerboard Market Report Structure
3. Containerboard Market Trends And Strategies
4. Containerboard Market - Macro Economic Scenario
5. Containerboard Market Size And Growth
…..
27. Containerboard Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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Containerboard Market Growth and Emerging Trends
The containerboard market, which was valued at USD 154.13 billion in 2023, is set to reach USD 203.74 billion by 2033, growing at a Compound Annual Growth Rate (CAGR) of 2.83% from 2023 to 2033. This growth is driven by an increasing demand for sustainable, lightweight packaging materials, as businesses and consumers continue to prioritize eco-friendly solutions.
Download Statistical Data: https://www.towardspackaging.com/download-statistics/5198
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• Asia Pacific Dominates the Market: The Asia Pacific region accounted…
Containerboard Market Key Investments and Developments
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Containerboard is a type of paperboard specially manufactured for the production of boxes and corrugated containers and as a packaging material owing to its properties such as lightweight, versatile, and high grammage. These boards are generally utilized on the grounds that they give a lightweight, solid, more sturdy and savvy answer for the…
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