Press release
Containerboard Market Size Projected To Reach $164.04 Billion By 2034 With A Cagr Of 4.1%
The Containerboard Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Projected Growth of the Containerboard Market?
The containerboard market will grow from $133.7 billion in 2024 to $139.51 billion in 2025, reflecting a CAGR of 4.3%. This increase is driven by the rising demand for packaging materials, the availability and price of raw materials, environmental regulations, growing demand for sustainable packaging, and changing consumer preferences.
The containerboard market is expected to grow steadily, reaching $164.04 billion by 2029, with a CAGR of 4.1%. The growth is driven by economic growth, online shopping, population growth, changes in trade policies, and the demand for lightweight packaging. Trends include innovations in production, digital technology adoption, capacity expansion, and packaging efficiency improvements.
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What Are the Different Containerboard Market Segments?
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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What Are the Primary Drivers Shaping the Containerboard Market?
The rising demand for electronic items is expected to drive the containerboard market's growth. Electronic items refer to devices that function through electronic circuits and electrical currents. Their consumption is growing due to factors like increased connectivity, digital transformation, e-commerce, and emerging markets. Containerboard is commonly used in electronics for protective, durable, and eco-friendly packaging solutions, aiding in safe shipping. Its recyclable properties support sustainability efforts. For example, in May 2023, the Japan Electronics and Information Technology Industries Association reported a rise in Japan's consumer electronics production from $161.17 million in May 2022 to $204.75 million in May 2023. As a result, the growing demand for electronics boosts the containerboard market.
Which Companies Are Leading in 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 Containerboard Market Trends Are Gaining Traction Across Different Segments?
Companies in the containerboard market are working on creating sustainable products, such as recyclable containerboard, to comply with environmental regulations. Recyclable containerboard can be reused and recycled to reduce its environmental footprint. For example, in June 2024, Mondi, a UK-based packaging company, introduced ProVantage SmartKraft Brown and White, new containerboard grades combining fresh and recycled fibers. These grades feature a strong fresh-fiber top layer, while the underlayer is made of 100% recycled fiber, ensuring both sustainability and high performance.
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What Are the Top Revenue-Generating Geographies in 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Containerboard Market?
2. What is the CAGR expected in the Containerboard Market?
3. What Are the Key Innovations Transforming the Containerboard Industry?
4. Which Region Is Leading the Containerboard Market?
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