What Has Been The Evolution of the Containerboard Market in Recent Years?
The containerboard market has seen considerable growth due to a variety of factors.
• The containerboard market has grown steadily in recent years. It will increase from $133.7 billion in 2024 to $139.51 billion in 2025, reflecting a compound annual growth rate (CAGR) of 4.3%.
The growth can be attributed to higher demand for packaging materials, the price and availability of raw materials, the development of environmental regulations and recycling mandates, the need for sustainable packaging solutions, and shifts in consumer behavior toward eco-friendly packaging.
What Are the Future Growth Projections for the Containerboard Market?
The containerboard market is expected to maintain its strong growth trajectory in upcoming years.
• The containerboard market will reach $164.04 billion by 2029, growing at a CAGR of 4.1%.
Growth factors include economic growth, rising online shopping, population growth, changes in trade policies, and trends toward lightweight packaging. Trends include innovations in production, digital technology adoption, investment in infrastructure, and improvements in packaging efficiency.
What Are The Core Factors Supporting Growth In The Containerboard Market?
The containerboard market is projected to grow due to the rising demand for electronic items. As consumption of electronics grows with digital transformation and increased connectivity, the need for eco-friendly and durable packaging like containerboard increases. For example, the Japan Electronics and Information Technology Industries Association reported that consumer electronics production reached $204.75 million in May 2023, an increase from the previous year.
What Are The Major Segments Within The Global Containerboard Market?
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
Subsegments:
1) By Kraftliners:Unbleached Kraftliners, Bleached Kraftliners
2) By Testliners: Recycled Testliners, Virgin Testliners
3) By Fluting: Single-Wall Fluting, Double-Wall Fluting, Triple-Wall Fluting
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How Are Emerging Trends Reshaping The Dynamics Of The Containerboard Market?
Companies in the containerboard market are focusing on creating recyclable containerboard to enhance sustainability and comply with environmental regulations. Recyclable containerboard is paperboard material designed for easy recycling to minimize environmental impact. In June 2024, Mondi launched ProVantage SmartKraft Brown and White, combining fresh and recycled fibers to deliver high strength and printability while promoting sustainability through its 100% recycled fiber underlayer.
Who Are the Key Players In The Containerboard Market?
Major companies operating in the containerboard market are:
• International Paper and Power Corporation
• WestRock Co.
• Georgia-Pacific Plywood & Lumber Company
• Smurfit Kappa Group
• Oji Holdings Corporation
• Stora Enso Oyj
• Mondi Group plc
• Packaging Corporation of America (PCA)
• Nine Dragons Paper (Holdings) Limited
• South African Pulp and Paper Industries Limited (SAPPI)
• Rengo Co.Ltd.
• Greif Inc.
• Klabin S.A.
• Cascades Inc.
• Lee and Man Paper Manufacturing Ltd.
• Svenska Cellulosa Aktiebolaget (SCA)
• Cheng Loong Corp.
• Europac Group
• Seshasayee Paper and Boards Limited
• Siam Kraft Industry Co. Ltd.
• Hamburger Containerboard
• Sun Paper Co.
What Is The Most Dominant Region In The Containerboard Market?
Asia-Pacific was the largest region in the containerboard market in 2024. The regions covered in the containerboard market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
