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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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.
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
~3% |
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Base Year Market Size (2022) |
~USD 130 Billion |
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Forecast Year Market Size (2033) |
~USD 150 Billion |
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Regional Scope |
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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.
Challenges
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.
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.
Our in-depth analysis of the global containerboard market includes the following segments:
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By Fiber Type |
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By Type |
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By End-User |
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Cascades Inc.
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.
Ans: Higher prevalence of online purchasing and growing production of paper & paperboard is estimated to majorly boost the market growth.
Ans: The market is anticipated to attain a CAGR of ~3% over the forecast period, i.e., 2023 – 2033.
Ans: Disrupted supply chain due to covid-19 and requirement for higher initial investment is estimated to challenge the market growth.
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.
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.
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.
Ans: The market is segmented by fiber type, type, end-user, and by region.
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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