Containerboard Market Expected to Achieve 3.7% CAGR by 2029: Growth Forecast Insights

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How Large Will the Containerboard Market Size By 2025?
The containerboard market has grown at a steady pace in recent years. It is expected to rise from $133.7 billion in 2024 to $138.25 billion in 2025, at a CAGR of 3.4%. Growth in earlier years was shaped by rising packaging material demand, raw material price and supply trends, stricter environmental rules, higher demand for sustainable packaging, and consumer preference shifts.

How Big Is the Containerboard Market Size Expected to Grow by 2029?
A consistent expansion is forecasted for the containerboard market size in the upcoming years, it is expected to reach $160.07 billion by 2029, with a compound annual growth rate (CAGR) of 3.7%. The rise in this period is linked to various factors such as economic growth, the surge in online shopping, population increase, alterations in international trade policies, the shift towards lighter packaging, and the evolution of global trade. Noteworthy trends for this forecast period encompass advancements in containerboard production techniques, the adoption of modern digital technologies, infrastructural investment along with capacity enlargement, multi-purpose packaging, and improvements in packaging effectiveness and optimization.

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Which Key Market Drivers Powering Containerboard Market Expansion and Growth?
The containerboard market is anticipated to expand due to the rising need for electronic products. These are gadgets or tools operated by electronic circuits that typically manage electrical currents to carry out specific tasks. Owing to factors such as amplified connectivity, digital conversion, e-commerce development, and emerging markets, the consumption of such items is on the rise. Containerboard is preferred for packaging electronic goods due to its resistance to damage, environmental-friendliness, and capacity to safeguard goods whilst transportation and handling. Its recyclability contributes to the sustainability drive in the electronics sector. In May 2023, as per data shared by the Japan Electronics and Information Technology Industries Association, a trade association based in Japan, the total production of consumer electronics hit $204.75 million (¥32,099 million), an increase from $161.17 million (¥25,268 million) in May 2022. Thus, the surge in demand for electronic goods is bolstering the growth of the containerboard market.

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Which Fast-Growing Trends Are Poised to Disrupt the Containerboard Market?
Key players in the containerboard market are prioritizing the creation of innovative offerings, such as recyclable containerboards, in order to boost sustainability and adhere to environmental regulations. These recyclable containerboards are made of paperboard material that can be readily recycled and repurposed, mitigating environmental damage and endorsing sustainability. For example, in June 2024, Mondi, a packaging business based in the UK, unveiled ProVantage SmartKraft Brown and White, catering to a diverse range of packaging needs without undermining quality or efficiency. ProVantage SmartKraft Brown and White mark innovative additions to containerboard types, merging the advantages of both fresh and recycled fibers. The grades showcase a top layer of fresh fiber, offering superior strength, improved tunability, and excellent printability. At the same time, the lower layer is composed of 100% recycled fiber, ensuring sustainable practices and environmental accountability. This combination of materials guarantees that the containerboard retains its high-level performance and quality.

What Are the Emerging Segments in 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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Who Are the Global Leaders 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.

Which are the Top Profitable Regional Markets for the Containerboard Industry?
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.

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