Global Containerboard Market Definition
Due to its qualities, such as its lightweight, high grammage, and adaptability, containerboard is a commonly used packaging material. It is made up of two primary components: corrugated media and linerboard (facing) (fluted paper). The term "kraft liner" refers to linerboard created from virgin fibre, while the term "testliner" refers to linerboard made from recycled fibres. Depending on the type of pulp utilized, the corrugated medium might be virgin, semi-chemical, or recycled.
Global Containerboard Market: Key Insights
Base Year |
2022 |
Forecast Year |
2023-2033 |
CAGR |
~3% |
Base Year Market Size (2022) |
~USD 130 Billion |
Forecast Year Market Size (2033) |
~USD 150 Billion |
Regional Scope |
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Global Containerboard Market Size, Forecast, and Trend Highlights Over 2023 - 2033
The global containerboard market is estimated to garner revenue of ~USD 150 billion by the end of 2033 by growing at a CAGR of ~3% over the forecast period, i.e., 2023 – 2033. Further, the market generated revenue of ~USD 130 billion in the year 2022. The growth of the market can primarily be attributed to the increasing consumption and production of containerboard globally. For instance, in 2021, the total production of containerboard across the globe was estimated to be nearly 170 million tons and was further estimated to hit approximately 100 million tons by 2032.
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Global containerboard market trends such as, higher demand for containerboard in the packaging industry and growing spending on green packaging are projected to influence the growth of the market positively over the forecast period. For instance, in 2019, the packaging material demand worldwide was fulfilled by containerboard and paper, additionally, the demand for containerboard was projected to be approximately 170 million tons. Containerboard is corrugated case material that is mainly manufactured to produce the corrugated board. The containerboard is thicker, more rigid, and heavier than other alternative products. Hence, all these factors are estimated to propel the growth of the market over the forecast period.
Global Containerboard Market: Growth Drivers and Challenges
Growth Drivers
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Higher Prevalence of Online Purchasing Across the Globe-It was estimated that more than 2.5 billion individuals purchased necessary goods online in 2020. Multiple types of goods are ordered online and they are carried to places far from the manufacturing facilities. Thereby, a huge possibility of damage emerges, and to prevent such scenarios, cardboard becomes very beneficial. As the inclination of the global population growing toward online purchasing, it has spurred the demand for the higher production of containerboard. Therefore, such a higher demand is anticipated to hike the growth of the market during the forecast period.
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Growing Production of Paper & Paperboard -As of 2020, nearly 65,000 million metric tons of paper & paperboard was produced in China while the production of paper & paperboard in the United States was estimated to reach around 100,000.
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Increasing Demand for Containerboard in Food & Beverage Industry-Restaurants, cafeterias, cafés, fast-food outlets, pubs, delis, food manufacturing activities, catering companies, food transportation services, and more are all part of the food and beverage industry. Work in this sector might include everything from packing to cooking, moving, and serving food and drinks. In 2022, the total volume generated by the Food segment was estimated to be about USD 15 billion.
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Significant Increment in the Glassware Export-Glassware includes items like bowls, drinking glasses, and ornaments that are constructed of the material. The export volume of glassware across the globe was estimated to be about USD 25 billion in 2020.
Challenges
- Disrupted Supply-Chain Due to COVID-19 - Disruptions in the supply chain have a detrimental impact on the economic health of a country by causing shortages of essential items, price inflation, industry closures, and unloaded shipping containers. They also have an impact on a wide range of goods, from pricey items like vehicles and technology to basics like food, medications, oil, and gas.
- Requirement for Higher Initial Investment
- Government Initiatives against the Utilization of Particular Containerboard
The global containerboard market is segmented and analyzed for demand and supply by fiber type into virgin and recycled fiber, out of which, the recycled fiber segment is projected to witness noteworthy growth over the forecast period. The growth of the segment can be accounted to the rising awareness of the global population toward climate change. As of 2020, the rate of cardboard recycling was estimated to be around 85%. As 88.8% of corrugated containers were collected for recycling in 2017, it was one of the most recycled packaging materials. The creation of containerboard uses more than 50% of the recovered fibre that is used to make paper and paperboard, as stated by the American Forest and Paper Association.
Global Containerboard Market Regional Synopsis
The Asia Pacific containerboard market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. The growth of the market can be ascribed to the increasing number of consumers ordering ready-to-make and other sorts of packaged food owing to hectic lifestyles. For instance, the total revenue generated by the ready-to-eat meals segment in the Asia Pacific was anticipated to be approximately USD 300 billion in 2022. Moreover, significant growth in industrialization is further estimated to hike the growth of the market during the forecast period.
Market Segmentation
Our in-depth analysis of the global containerboard market includes the following segments:
By Fiber Type |
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By Type |
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By End-User |
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Top Featured Companies Dominating the Global Containerboard Market
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Cascades Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Smurfit Kappa Group
- Cheng Loong Corp.
- Svenska Cellulosa Aktiebolaget SCA
- Stora Enso Oyj
- Nasdaq Helsinki Oy
- Georgia-Pacific LLC
- Molex, LLC
- International Paper Company
- Mondi plc