Background is made of corrugated cardboard. Close-up.
The Containerboard Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Containerboard Global Market Report 2024, The containerboard market size is expected to see steady growth in the next few years. It will grow to $157.69 billion in 2028 at a compound annual growth rate (CAGR) of 4.2%. The growth in the forecast period can be attributed to economic growth, the rise of online shopping, population growth, changes in international trade policies, trends towards lightweight packaging and global trade expansion. Major trends in the forecast period include innovations in containerboard production, adoption of digital technologies, investment in infrastructure and capacity expansion, multi-functional packaging and packaging efficiency and optimization.
The growing demand for electronic items is expected to propel the growth of the containerboard market going forward. Electronic items refer to devices or equipment that operate using electronic circuits and typically involve the control of electrical currents to perform specific functions. The consumption of electronic items is growing due to several reasons, including increased connectivity, digital transformation, e-commerce growth, and emerging markets. Containerboard is used in electronics for durable and eco-friendly packaging solutions, ensuring protection during shipping and handling. Its recyclable nature also supports sustainability efforts in the electronics industry. For instance, in May 2023, according to the Japan Electronics and Information Technology Industries Association, a Japan-based trade association, the total consumer electronics production reached $204.75 million (¥32,099 million) in May 2023, compared to $161.17 million (¥25,268 million) in May 2022. Therefore, the growing demand for electronic items is driving the growth of the containerboard market.
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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
Major companies operating in the containerboard market are focusing on developing innovative products, such as recyclable containerboard, to enhance sustainability and meet environmental regulations. Recyclable containerboard refers to paperboard material that can be easily recycled and reused to minimize environmental impact and promote sustainability. For instance, in June 2024, Mondi, a UK-based packaging company, launched ProVantage SmartKraft Brown and White to meet diverse packaging requirements without compromising quality and performance. ProVantage SmartKraft Brown and White are innovative new containerboard grades that combine the benefits of fresh and recycled fibers. These grades feature a fresh-fiber top layer, providing superior strength, enhanced tunability, and excellent printability, while the underlayer is made from 100% recycled fiber, ensuring sustainability and environmental responsibility. This blend of materials ensures that the containerboard maintains high performance and quality.
The containerboard market report table of contents includes:
1. Executive Summary
2. Containerboard Market Characteristics
3. Containerboard Market Trends And Strategies
4. Containerboard Market – Macro Economic Scenario
5. Global Containerboard Market Size and Growth
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32. Global Containerboard Market Competitive Benchmarking
33. Global Containerboard Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Containerboard Market
35. Containerboard Market Future Outlook and Potential Analysis
36. Appendix
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