Press release
Global Containerboard Market to Reach $164.04 Billion by 2029, Growing at 4.1% CAGR
Containerboard Market Growth
The size of the containerboard market has seen consistent expansion over the past few years. From $133.7 billion in 2024, it is anticipated to escalate to $139.51 billion in 2025, reflecting a compound annual growth rate (CAGR) of 4.3%. Factors contributing to this growth during the historic period include the surge in demand for packaging materials, fluctuating prices and the accessibility of crucial raw materials, development of environmental regulations and recycling mandates, a rising preference for sustainable packaging solutions, and a shift in consumer behavior in favor of environmentally-friendly packaging.
The size of the containerboard market is set for a consistent expansion in the coming years, with an estimated worth of $164.04 billion by 2029, thanks to a compound annual growth rate (CAGR) of 4.1%. The uplift during the projected span can be traced back to factors like economic development, surge in online shopping, population increase, modifications in global trade regulations, inclination towards less heavy packaging, and worldwide expansion of trade. The projected period is likely to witness significant trends such as novel developments in containerboard creation, embracement of digital technologies, infrastructural investment and capacity augmentation, multifunctional packaging, and improvements in packaging efficiency and optimization.
What Are the Main Catalysts for Growth in the Containerboard Market?
The escalating need for electronic goods is anticipated to boost the expansion of the containerboard market in the future. Electronic goods pertain to devices or equipment that function using electronic circuits, usually involving the regulation of electric currents to execute specific tasks. The usage of these items is on the rise due to several factors such as enhanced connectivity, digital transition, e-commerce development, and emerging markets. Containerboard serves the electronics industry by offering durable and environmentally friendly packaging solutions, ensuring protection during shipment and handling. Its recyclable characteristic further aids sustainability initiatives in the electronics sector. For example, according to the Japan Electronics and Information Technology Industries Association - a trade association based in Japan, there was a notable increase in total consumer electronics production from $161.17 million (¥25,268 million) in May 2022 to $204.75 million (¥32,099 million) in May 2023. Consequently, the escalating demand for electronic goods is catalyzing the expansion of the containerboard market.
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Which Leading Companies Are Shaping the Growth of the 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.
What Are the Major Trends Shaping the Containerboard Market?
Major businesses in the containerboard market are prioritizing the development of new and innovative products, like recyclable containerboard, to improve sustainability and comply with environmental regulations. The recyclable containerboard is a type of paperboard that can be easily recycled and reused, hence significantly reducing environmental harm and fostering sustainability. In June 2024, ProVantage SmartKraft Brown and White were introduced to the market by Mondi, a packaging company situated in the United Kingdom, in order to cater to various packaging needs without sacrificing quality or functionality. These new containerboard grades, ProVantage SmartKraft Brown and White, amalgamate the advantages of fresh and recycled fibers. These grades possess a fresh-fiber top layer, assuring superior strength, improved tunability, and excellent printability. The bottom layer, meanwhile, comprises entirely of recycled fiber, thereby emphasizing sustainability and ecological accountability. This combination of materials ensures that the containerboard retains its high performance and quality.
What Are the Key Segments of the Containerboard Market?
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
Subsegments:
1) By Kraftliners:Unbleached Kraftliners, Bleached Kraftliners
2) By Testliners: Recycled Testliners, Virgin Testliners
3) By Fluting: Single-Wall Fluting, Double-Wall Fluting, Triple-Wall Fluting
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Which Region Dominates the Containerboard Market?
Asia-Pacific was the largest region in the containerboard market in 2024. The regions covered in the containerboard market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Containerboard Global Market Report?
- Market Size Analysis: Analyze the Containerboard Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Containerboard Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Containerboard Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Containerboard Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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