Containerboard Market

Analysis by Fiber Type (Virgin and Recycled Fiber); by Type (Flutings, Test liners, and Kraft liners); and by End-User (Food & Beverage, Consumers Goods, and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

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Report ID: 4507 | Published On: Feb 10, 2023
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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.

containerboard market overview

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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.

containerboard market overview
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Global Containerboard Market: Key Insights

Base Year


Forecast Year




Base Year Market Size (2022)

~USD 130 Billion

Forecast Year Market Size (2033)

~USD 150 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)

Global Containerboard Market: Growth Drivers and Challenges

Growth Drivers

  • 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.

  • 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.

  • 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.

  • 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.


  • 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

  • Virgin
  • Recycled Fiber

      By Type

  • Flutings
  • Test liners
  • Kraft liners

      By End-User

  • Food & Beverage
  • Consumers Goods
  • Others

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Top Featured Companies Dominating the Global Containerboard Market

    • 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


In The News

  • April 2022: IBSRELA the first and only NHE3 inhibitor for the treatment of irritable bowel syndrome with constipation (IBS-C) in adults, has been made available by the biopharmaceutical company Ardelyx. The first Ardelyx product to receive approval from the US Food and Drug Administration is IBSRELA.
  • March 2022: Indegene a provider of technology-driven healthcare solutions, & meta Me Health, a maker of Regulora and a Prescription Digital Therapeutics (PDT) business, teamed up to offer Regulora as a remedy for irritable bowel syndrome-related stomach pain (IBS).

Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the containerboard market?

Ans: Higher prevalence of online purchasing and growing production of paper & paperboard is estimated to majorly boost the market growth.

2) What would be the CAGR of containerboard market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~3% over the forecast period, i.e., 2023 – 2033.

3) What are the challenges affecting the containerboard market growth?

Ans: Disrupted supply chain due to covid-19 and requirement for higher initial investment is estimated to challenge the market growth.

4) Which region will provide more business opportunities for growth of containerboard market in future?

Ans: The market in Asia Pacific region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

5) Who are the major players dominating the containerboard market?

Ans: The major players in the market are company Smurfit Kappa Group, Cheng Loong Corp., Svenska Cellulosa Aktiebolaget SCA, Stora Enso Oyj, Nasdaq Helsinki Oy, Georgia-Pacific LLC, Molex, LLC, International Paper Company, and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue-generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the containerboard market?

Ans: The market is segmented by fiber type, type, end-user, and by region.

8) Which segment captures the largest market size in fiber type in the containerboard market?

Ans: The recycled fiber segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.

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