Containerboard Market Analysis and Forecast to 2032: By Type (Kraftliners, Testiners, Flutings), Material (Virgin Fibers, Recycled Fibers), End User (Food & Beverage, Consumer Goods, Industrial), and Region
The global Containerboard Market was valued at US$ 151.7 billion in 2022 and it is anticipated to grow up to US$ 250.7 billion by 2032, at a CAGR of 5.1% during the forecast period.
A containerboard is a type of paperboard that is used to make corrugated cardboard. It is made up of two or more layers of Kraft paper, with a fluted layer in between. Containerboard is used to make packaging for a variety of products, including food, electronics, and appliances.
| Report Attribute | Details |
|---|---|
| Market Size in 2022 | USD 151.7 Billion |
| Market Size in 2032 | USD 250.7 Billion |
| Growth Rate (2022-32) | 5.1% |
| Historic Period | 2018-2021 |
| Forecast Period | 2023-2032 |
| Base Year | 2022 |
| Segments Covered | Type, Material, End-User and Region |
| Key Companies | Cascade Inc., Cheng Loong Corporation, Georgia Pacific LLC, International Paper, Klabin, Mondi PLC, Packaging Corporation of America ,Stora Enso, Svenska Cellulosa AB and The Smurfit Kappa Group plc. |
| Regional Scope | North America, Europe, Asia Pacific, Central & South America, Middle East & Africa |
| Analysis Coverage | Market Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments |
Key Drivers and Trends
Firstly, containerboard is a key packaging material for a wide range of products. It is used in the packaging of food, beverages, pharmaceuticals, and other consumer goods. Furthermore, the growing e-commerce industry is driving demand for containerboard. E-commerce companies use containerboard to package and ship their products.
Moreover, the increasing demand for sustainable packaging is driving demand for containerboard. Containerboard is recyclable and biodegradable, making it a more sustainable option than other packaging materials. New technologies such as nanotechnology also are being used increasingly in containerboard production in order to improve performance and reduce costs.
Restraints & Challenges
The regulations imposed by the government on the exploitation of raw minerals are a critical element impeding market growth. The use of virgin timber fibre in the production of virgin containerboards has an impact on the environment. The manufacturing of these boards not only depletes natural resources, but also emits toxic greenhouse gases, raising the cost. The government’s tree-cutting regulations are also having an impact on market development. As a result, the aforementioned factors may stifle market development.
Global Containerboard Market Segmental Overview
The report analyses the global Containerboard Market based on type, material, end user, and region.
Global Containerboard Market by Type
Based on type, it is Segmented into kraftliners, testliners and Flutings. kraftiners segment had the highest revenue share in 2022 and testliners expected to to dominate the market forecast over the period. During the forecast period, kraft liners are expected to account for the majority of market share due to their high tensile strength and widespread use in the manufacturing of paper sacks. Test liners, on the other hand, are expected to grow significantly due to their wide range of applications in consumer durables packaging, including processed food, meat products, and home & personal care, as well as in lowering carbon emissions, which is fueling the segment’s growth over the forecast period.
Global Containerboard Market by Material
Based on material, it is bifurcated into Virgin Fibers and Recycled Fibers. Recycled Fibres segment has dominated the market in 2022 and is anticipated to dominate the market over the coming years. Human consumption is causing an increase in municipal solid waste materials globally. Nowadays, various types of goods are made on a large scale in factories, which will generate a large amount of solid waste materials in the near future. As a result, the management of these solid waste materials is a major concern all over the globe. In comparison to disposal, insufficient landfill, environmental pollution, and the financial burden on relevant authorities, recycling and utilization of waste materials have a significant effect.
Global Containerboard Market by End User
Based on end user, it is segmented into Food & Beverages, Consumer Goods and Others. The Food and Beverage segment is expected to have the largest market share due to its widespread use in protecting and tempering consumables. The Consumer Products is expected to grow rapidly during the forecast period as consumer products are further classified as processed foods, home & personal care, meat, fats & oils, dairy & alternatives, and alcohol & drinks. These products require food stability to keep their taste and texture.
Geographical Analysis of Global Containerboard Market
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. In 2022, the Asia-Pacific region Containerboard Market had the highest revenue share, and it is estimated to continue to dominate in the coming years. Asia-Pacific is expected to be the market’s leading region, with South Korea, Japan, China, Australia, and India being the major countries with lucrative growth prospects during the forecast era. Furthermore, to prevent food deterioration, these create an antimicrobial environment and shield meat products from direct environmental influence, as rising meat consumption in the area can lead to food spoilage.
Key Players
The Containerboard Market includes players such as Cascade Inc., Cheng Loong Corporation, Georgia Pacific LLC, International Paper, Klabin, Mondi PLC, Packaging Corporation of America ,Stora Enso, Svenska Cellulosa AB and The Smurfit Kappa Group plc.
COVID-19 Impact
In 2019, the growth of global Containerboard Market was rising due to the rise in packaging and delivering systems in developing countries, and growing disposable income has resulted in increased investments in Container Board Market.
During the pandemic, almost all the industry sector were temporarily on halt, which has resulted in less consumption of containerboard which is used in the packaging of various finished goods in these industries, which in turn has adverse impact on the demand in the containerboard market.
The COVID-19 pandemic totally has hampered various sectors due to the inconvenience of lockdowns in numerous countries across the globe. During these lockdowns, a few limitations have been set on industrial operations. Besides, major containerboard manufacturing enterprises like paper industry and paper mills have stopped their production factories.
The containerboard market is expected to witness a slowdown, owing to decline in demand and supply chain disruptions due to the global COVID-19 outbreak.
Recent Developments
- In June 2021, Smurfit Kappa, one of the biggest integrated manufacturers of paper-based packaging products in Europe and the Americas, has acquired Cartones del Pacifico, a leading Peruvian paper-based packaging business, to expand its presence in Latin America.
- In March 2020, Klabin, a Brazilian paper company, acquired International Paper, which expanded the market and is anticipated to increase demand for containerboard.
- In June 2018, Mondi Group paid USD 398 million for Powerflute, a subsidiary of Nordic Packaging and Container Holdings. Powerflute runs a paper and pulp mill in Finland with a semi-chemical fluting capacity of 285 KT per year. The company will be absorbed into Mondi’s Packaging Paper business segment.
Frequently Asked Questions
Q1. How big is the Containerboard Market?
Ans. The global Containerboard Market was valued at US$ 151.7 billion in 2022 and it is anticipated to grow up to US$ 250.7 billion by 2032, at a CAGR of 5.1% during the forecast period.
Q2. What is the Containerboard Market growth rate?
Ans. The growth rate of the Containerboard Market is 5.1% from 2022 to 2032.
Q3. Which region holds a major market share for the Containerboard Market?
Ans. Asia-Pacific holds a major market share of the Containerboard Market in 2022.
Q4. Which segment accounted for the largest Containerboard Market share?
Ans. Based on type, it is Segmented into Kraftliners, Testliners and Flutings. Testliners segment had the highest revenue share in 2022 and is expected to continue to dominate the market over the period
Q5. Who are the key players in the Containerboard Market?
Ans. The global Containerboard Market report includes players such as Cascade Inc., Cheng Loong Corporation, Georgia Pacific LLC, International Paper, Klabin, Mondi PLC, Packaging Corporation of America ,Stora Enso, Svenska Cellulosa AB and The Smurfit Kappa Group plc. among others.
Q6. What are the factors driving the Containerboard Market growth?
Ans. Increasing demand for sustainable packaging is driving demand for containerboard. Containerboard is recyclable and biodegradable, making it a more sustainable option than other packaging materials
Q7. What are the key growth strategies of Containerboard Market players?
Ans. The key growth strategies of Containerboard Market players are product launch, partnerships, and government initiatives.
Q8. Which region will provide more business opportunities for the Containerboard Market during the forecast period?
Ans. The Europe region will provide more business opportunities for the Containerboard Market during the forecast period.
Table of Contents
Chapter 1. Containerboard Market Overview
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Limitations
1.4. Research Methodologies
1.4.1. Secondary Research
1.4.2. Market Size Estimation Technique
1.4.3. Forecasting
1.4.4. Primary Research and Data Validation
Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market
Chapter 3. Premium Insights on the Market
3.1. Market Attractiveness Analysis, By Region
3.2. Market Attractiveness Analysis, By Type
3.3. Market Attractiveness Analysis, By Material
3.4. Market Attractiveness Analysis, By End User
Chapter 4. Containerboard Market Outlook
4.1. Containerboard Market Segmentation
4.2. Market Dynamics
4.2.1. Market Drivers
4.2.1.1. Driver 1
4.2.1.2. Driver 2
4.2.1.3. Driver 3
4.2.2. Market Restraints
4.2.2.1. Restraint 1
4.2.2.2. Restraint 2
4.2.3. Market Opportunities
4.2.3.1. Opportunity 1
4.2.3.2. Opportunity 2
4.3. Porter’s Five Forces Analysis
4.3.1. Threat of New Entrants
4.3.2. Threat of Substitutes
4.3.3. Bargaining Power of Buyers
4.3.4. Bargaining Power of Supplier
4.3.5. Competitive Rivalry
4.4. PESTLE Analysis
4.5. Value Chain Analysis
4.5.1. Raw End User Vertical Suppliers
4.5.2. Manufacturers
4.5.3. Wholesalers and/or Retailers
4.6. Impact of COVID-19 on the Containerboard Market
4.7. Impact of the Russia and Ukraine War on the Containerboard Market
Chapter 5. Containerboard Market By Type
5.1. Market Overview
5.2. Kraftiners
5.2.1. Market Size And Forecast, 2021-2031 ($Million)
5.2.2. Market Size And Forecast, By Region, 2021-2031 ($Million)
5.3. Testliners
5.3.1. Market Size And Forecast, 2021-2031 ($Million)
5.3.2. Market Size And Forecast, By Region, 2021-2031 ($Million)
5.4. Flutings
5.4.1. Market Size And Forecast, 2021-2031 ($Million)
5.4.2. Market Size And Forecast, By Region, 2021-2031 ($Million)
Chapter 6. Containerboard Market By Material
6.1. Market Overview
6.2. Virgin Fibers
6.2.1. Market Size And Forecast, 2021-2031 ($Million)
6.2.2. Market Size And Forecast, By Region, 2021-2031 ($Million)
6.3. Recycled Fibers
6.3.1. Market Size And Forecast, 2021-2031 ($Million)
6.3.2. Market Size And Forecast, By Region, 2021-2031 ($Million)
Chapter 7. Containerboard Market By End User
7.1. Market Overview
7.2. Food & Beverage
7.2.1. Market Size And Forecast, 2021-2031 ($Million)
7.2.2. Market Size And Forecast, By Region, 2021-2031 ($Million)
7.3. Consumer Goods
7.3.1. Market Size And Forecast, 2021-2031 ($Million)
7.3.2. Market Size And Forecast, By Region, 2021-2031 ($Million)
7.4. Industrial
7.4.1. Market Size And Forecast, 2021-2031 ($Million)
7.4.2. Market Size And Forecast, By Region, 2021-2031 ($Million)
Chapter 8. Multi-Cloud Management Market, By Region
8.1. Overview
8.2. North America
8.2.1. Key Market Trends And Opportunities
8.2.2. North America Containerboard Market Size And Forecast By Type, 2021-2031, ($Million)
8.2.3. North America Containerboard Market Size And Forecast By Material, 2021-2031, ($Million)
8.2.4. North America Containerboard Market Size And Forecast By End User, 2021-2031, ($Million)
8.2.5. North America Containerboard Market Size And Forecast by Country, 2021-2031, ($Million)
8.2.6. The U.S.
8.2.6.1. The U.S. Containerboard Market Size And Forecast By Type , 2021-2031, ($Million)
8.2.6.2. The U.S. Containerboard Market Size And Forecast By Material, 2021-2031, ($Million)
8.2.6.3. U.S. Containerboard Market Size And Forecast By End User, 2021-2031, ($Million)
8.2.7. Canada
8.2.7.1. Canada Containerboard Market Size And Forecast By Type , 2021-2031, ($Million)
8.2.7.2. Canada Containerboard Market Size And Forecast By Material Concentrators, 2021-2031, ($Million)
8.2.7.3. Canada Containerboard Market Size And Forecast By End User, 2021-2031, ($Million)
8.2.8. Mexico
8.2.8.1. Mexico Containerboard Market Size And Forecast By Type , 2021-2031, ($Million)
8.2.8.2. Mexico Containerboard Market Size And Forecast By Material, 2021-2031, ($Million)
8.2.8.3. Mexico Containerboard Market Size And Forecast By End User, 2021-2031, ($Million)
8.3. Europe
8.3.1. Key Market Trends And Opportunities
8.3.2. Europe Containerboard Market Size And Forecast By Type , 2021-2031, ($Million)
8.3.3. Europe Containerboard Market Size And Forecast By Material, 2021-2031, ($Million)
8.3.4. Europe Containerboard Market Size And Forecast By End User, 2021-2031, ($Million)
8.3.5. Europe Containerboard Market Size And Forecast by Country, 2021-2031, ($Million)
8.3.6. Germany
8.3.6.1. Germany Containerboard Market Size And Forecast By Type , 2021-2031, ($Million)
8.3.6.2. Germany Containerboard Market Size And Forecast By Material, 2021-2031, ($Million)
8.3.6.3. Germany Containerboard Market Size And Forecast By Age Group, 2021-2031, ($Million)
8.3.7. France
8.3.7.1. France Containerboard Market Size And Forecast By Type , 2021-2031, ($Million)
8.3.7.2. France Containerboard Market Size And Forecast By Material, 2021-2031, ($Million)
8.3.7.3. France Containerboard Market Size And Forecast By Age Group, 2021-2031, ($Million)
8.3.8. U.K
8.3.8.1. U.K. Containerboard Market Size And Forecast By Type , 2021-2031, ($Million)
8.3.8.2. U.K. Containerboard Market Size And Forecast By Material, 2021-2031, ($Million)
8.3.8.3. U.K. Containerboard Market Size And Forecast By Age Group, 2021-2031, ($Million)
8.3.9. Spain
8.3.9.1. Spain Containerboard Market Size And Forecast By Type , 2021-2031, ($Million)
8.3.9.2. Spain Containerboard Market Size And Forecast By Material, 2021-2031, ($Million)
8.3.9.3. Spain Containerboard Market Size And Forecast By End User, 2021-2031, ($Million)
8.3.10. Italy
8.3.10.1. Italy Containerboard Market Size And Forecast By Type , 2021-2031, ($Million)
8.3.10.2. Italy Containerboard Market Size And Forecast By Material, 2021-2031, ($Million)
8.3.10.3. Italy Containerboard Market Size And Forecast By End User, 2021-2031, ($Million)
8.3.11. Rest of Europe
8.3.11.1. Rest of Europe Containerboard Market Size And Forecast By Type , 2021-2031, ($Million)
8.3.11.2. Rest of Europe Containerboard Market Size And Forecast By Material, 2021-2031, ($Million)
8.3.11.3. Rest of Europe Containerboard Market Size And Forecast By End User, 2021-2031, ($Million)
8.4. Asia-Pacific
8.4.1. Key Market Trends And Opportunities
8.4.2. Asia-Pacific Containerboard Market Size And Forecast by Country, 2021-2031, ($Million)
8.4.3. Asia-Pacific Containerboard Market Size And Forecast By Type, 2021-2031, ($Million)
8.4.4. Asia-Pacific Containerboard Market Size And Forecast By Material, 2021-2031, ($Million)
8.4.5. Asia-Pacific Containerboard Market Size And Forecast By End User, 2021-2031, ($Million)
8.4.6. China
8.4.6.1. China Containerboard Market Size And Forecast By Type , 2021-2031, ($Million)
8.4.6.2. China Containerboard Market Size And Forecast By Material, 2021-2031, ($Million)
8.4.6.3. China Containerboard Market Size And Forecast By End User, 2021-2031, ($Million)
8.4.7. India
8.4.7.1. India Containerboard Market Size And Forecast By Type , 2021-2031, ($Million)
8.4.7.2. India Containerboard Market Size And Forecast By Material, 2021-2031, ($Million)
8.4.7.3. India Containerboard Market Size And Forecast By End User, 2021-2031, ($Million)
8.4.8. Japan
8.4.8.1. Japan Containerboard Market Size And Forecast By Type , 2021-2031, ($Million)
8.4.8.2. Japan Containerboard Market Size And Forecast By Material, 2021-2031, ($Million)
8.4.8.3. Japan Containerboard Market Size And Forecast By End User, 2021-2031, ($Million)
8.4.9. South Korea
8.4.9.1. South Korea Containerboard Market Size And Forecast By Type , 2021-2031, ($Million)
8.4.9.2. South Korea Containerboard Market Size And Forecast By Material, 2021-2031, ($Million)
8.4.9.3. South Korea Containerboard Market Size And Forecast By End User, 2021-2031, ($Million)
8.4.10. Malaysia
8.4.10.1. China Containerboard Market Size And Forecast By Type , 2021-2031, ($Million)
8.4.10.2. China Containerboard Market Size And Forecast By Material, 2021-2031, ($Million)
8.4.10.3. China Containerboard Market Size And Forecast By End User, 2021-2031, ($Million)
8.4.11. Vietnam
8.4.11.1. China Containerboard Market Size And Forecast By Type , 2021-2031, ($Million)
8.4.11.2. China Containerboard Market Size And Forecast By Material, 2021-2031, ($Million)
8.4.11.3. China Containerboard Market Size And Forecast By End User, 2021-2031, ($Million)
8.4.12. Indonesia
8.4.12.1. China Containerboard Market Size And Forecast By Type , 2021-2031, ($Million)
8.4.12.2. China Containerboard Market Size And Forecast By Material, 2021-2031, ($Million)
8.4.12.3. China Containerboard Market Size And Forecast By End User, 2021-2031, ($Million)
8.4.13. Philippines
8.4.13.1. China Containerboard Market Size And Forecast By Type , 2021-2031, ($Million)
8.4.13.2. China Containerboard Market Size And Forecast By Material, 2021-2031, ($Million)
8.4.13.3. China Containerboard Market Size And Forecast By End User, 2021-2031, ($Million)
8.4.14. Singapore
8.4.14.1. China Containerboard Market Size And Forecast By Type , 2021-2031, ($Million)
8.4.14.2. China Containerboard Market Size And Forecast By Material, 2021-2031, ($Million)
8.4.14.3. China Containerboard Market Size And Forecast By End User, 2021-2031, ($Million)
8.4.15. Rest of APAC
8.4.15.1. Rest of APAC Containerboard Market Size And Forecast By Type , 2021-2031, ($Million)
8.4.15.2. Rest of APAC Containerboard Market Size And Forecast By Material, 2021-2031, ($Million)
8.4.15.3. Rest of APAC Containerboard Market Size And Forecast By End User, 2021-2031, ($Million)
8.5. Rest of The World
8.5.1. Key Market Trends And Opportunities
8.5.2. Rest of The World Containerboard Market Size And Forecast By Type , 2021-2031, ($Million)
8.5.3. Rest of The World Containerboard Market Size And Forecast By Material, 2021-2031, ($Million)
8.5.4. Rest of The World Containerboard Market Size And Forecast By End User, 2021-2031, ($Million)
8.5.5. Rest of The World Containerboard Market Size And Forecast by Country, 2021-2031, ($Million)
8.5.6. Latin America
8.5.6.1. Latin America Containerboard Market Size And Forecast By Type , 2021-2031, ($Million)
8.5.6.2. Latin America Containerboard Market Size And Forecast By Material, 2021-2031, ($Million)
8.5.6.3. Latin America Containerboard Market Size And Forecast By End User, 2021-2031, ($Million)
8.5.7. Middle East
8.5.7.1. Middle East Containerboard Market Size And Forecast By Type , 2021-2031, ($Million)
8.5.7.2. Middle East Containerboard Market Size And Forecast By Material, 2021-2031, ($Million)
8.5.7.3. Middle East Containerboard Market Size And Forecast By End User, 2021-2031, ($Million)
8.5.8. Africa
8.5.8.1. Africa Containerboard Market Size And Forecast By Type , 2021-2031, ($Million)
8.5.8.2. Africa Containerboard Market Size And Forecast By Material, 2021-2031, ($Million)
8.5.8.3. Africa Containerboard Market Size And Forecast By End User, 2021-2031, ($Million)
Chapter 9. Competitive Landscape
9.1. Market Overview
9.2. Market Share Analysis/Key Player Positioning
9.3. Developmental Strategy Benchmarking
9.3.1. New Testing Component Development
9.3.2. Product Launches
9.3.3. Business Expansions
9.3.4. Partnerships, Joint Ventures, And Collaborations
9.3.5. Mergers And Acquisitions
Chapter 10. Company Profiles
10.1. Cascade Inc
10.1.1. Company Snapshot
10.1.2. Financial Performance
10.1.3. Product offerings
10.1.4. Key Strategic Initiatives
10.1.5. SWOT Analysis
10.2. Cheng Loong Corporation
10.2.1. Company Snapshot
10.2.2. Financial Performance
10.2.3. Product offerings
10.2.4. Key Strategic Initiatives
10.2.5. SWOT Analysis
10.3. Georgia Pacific LLC
10.3.1. Company Snapshot
10.3.2. Financial Performance
10.3.3. Product offerings
10.3.4. Key Strategic Initiatives
10.3.5. SWOT Analysis
10.4. Internal Paper
10.4.1. Company Snapshot
10.4.2. Financial Performance
10.4.3. Product offerings
10.4.4. Key Strategic Initiatives
10.4.5. SWOT Analysis
10.5. Klabin
10.5.1. Company Snapshot
10.5.2. Financial Performance
10.5.3. Product offerings
10.5.4. Key Strategic Initiatives
10.5.5. SWOT Analysis
10.6. Mondi plc.
10.6.1. Company Snapshot
10.6.2. Financial Performance
10.6.3. Product offerings
10.6.4. Key Strategic Initiatives
10.6.5. SWOT Analysis
10.7. Packaging Corporation of America
10.7.1. Company Snapshot
10.7.2. Financial Performance
10.7.3. Product offerings
10.7.4. Key Strategic Initiatives
10.7.5. SWOT Analysis
10.8. Stora Enso
10.8.1. Company Snapshot
10.8.2. Financial Performance
10.8.3. Product offerings
10.8.4. Key Strategic Initiatives
10.8.5. SWOT Analysis
10.9. Svenska Cellulosa AB
10.9.1. Company Snapshot
10.9.2. Financial Performance
10.9.3. Product offerings
10.9.4. Key Strategic Initiatives
10.9.5. SWOT Analysis
10.10. The Smurfit Kappa Plc.
10.10.1. Company Snapshot
10.10.2. Financial Performance
10.10.3. Product offerings
10.10.4. Key Strategic Initiatives
10.10.5. SWOT Analysis
*The List of Company Is Subject To Change During The Final Compilation of The Report
Key Players
Market Segments
By Type
- Kraftliners
- Testliners
- Flutings
By Material
- Virgin Fibers
- Recycled Fibers
By End User
- Food & Beverage
- Consumer Goods
- Others
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Vietnam
- Indonesia
- Philippines
- Singapore
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle East
- Africa