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The containerboard market size is forecast to increase by USD 27.08 billion, at a CAGR of 3.12% between 2023 and 2028. The market is experiencing significant growth due to the rise in the e-commerce industry, which is driving the demand for lightweight and cost-effective packaging solutions. Another trend influencing the market is the advent of flexible packaging, offering advantages such as extended shelf life, convenience, and reduced material usage. However, the containerboard industry faces challenges from stringent regulations, including those related to waste management and recycling, which necessitate the adoption of sustainable production processes and innovative technologies. Additionally, the increasing competition from alternative packaging materials, such as plastic and aluminum, poses a threat to the market growth. Overall, the market is expected to witness steady growth, driven by the e-commerce sector and the shift towards sustainable and flexible packaging solutions.
The market is a significant segment of the packaging material industry, with key products including linerboard, corrugated medium, kraft liner, testliner, and recycled fiber. Lightweight and versatile packaging solutions made from containerboard are in high demand due to their sustainability and eco-friendliness. Recycled fiber is increasingly used in containerboard manufacturing, reducing the environmental impact of paperboard production. Sustainability and eco-conscious consumers are driving the demand for eco-friendly packaging solutions. Industrial standards ensure the safety and quality of food packaging and beverage packaging. Packaging regulations, including those related to greenhouse gas emissions and natural resource exploitation, are influencing the market. End-user preferences for stacking strength, cost, and recyclability are shaping the market trends.
Containerboard is used in various applications such as consumer products, transportation packaging, storage packaging, personal care packaging, and cosmetics packaging. Paperboard manufacturing and paper recycling are crucial components of a sustainable supply chain.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The food and beverages segment is estimated to witness significant growth during the forecast period. Containerboard, a key packaging material, is widely utilized in the production of lightweight and versatile packaging solutions, including linerboard and corrugated medium. Kraft liner and testliner, derived from recycled fiber, are essential components of containerboard, contributing to sustainability and eco-friendly packaging. The environmental impact of containerboard packaging is a significant concern, with an emphasis on recyclable materials and industrial standards that align with sustainability and regulatory requirements. In various industries, containerboard packaging plays a pivotal role. In the consumer goods sector, it is used for transportation and storage of diverse product categories, such as food, beverages, personal care, and cosmetics.
Containerboard's versatility allows for customization to meet end-user preferences, ensuring product safety and integrity during transit and storage. In the food and beverage industry, containerboard packaging is subject to stringent regulations, focusing on food safety, consumer protection, and environmental sustainability. Containerboard's eco-conscious consumers are increasingly seeking greenhouse gas emissions reduction, natural resource conservation, and tree-cutting regulations compliance. Containerboard's stacking strength and cost-effectiveness make it an attractive choice for packaging logistics and efficiency. Paperboard manufacturing and recycling contribute to a sustainable supply chain and circular economy, reducing packaging waste and promoting environmental sustainability. Green packaging solutions and packaging innovation continue to emerge, incorporating biodegradable materials and advanced packaging design to address evolving consumer demands and regulatory requirements.
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The food and beverages segment accounted for USD 55.63 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 48% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in APAC is experiencing significant growth due to the region's increasing industrial activities, trade, and export sectors, as well as urbanization. The packaging industry in APAC is undergoing transformative changes, with a focus on sustainability and eco-friendly solutions. Green certifications and packaging standards are becoming increasingly important, driving the demand for sustainable sourcing of packaging materials. Packaging trends and technologies, such as packaging optimization and packaging lifecycle assessment, are gaining traction. The food and beverage industry is a major consumer of containerboard in APAC, with population growth and urbanization leading to increased consumption of food products, personal care items, and consumer goods.
Packaging performance, durability, and resilience are crucial factors in the market. Sustainable packaging initiatives, including eco-packaging and packaging disposal solutions, are also influencing market dynamics. China is a significant consumer of containerboard in APAC, with most demand arising from the food and beverage industry.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The booming e-commerce industry is the key driver of the market. The market is experiencing significant growth due to the increasing trend towards e-commerce and the resulting demand for lightweight and versatile packaging solutions. According to industry data, global B2C e-commerce revenue is projected to reach USD5.5 trillion by 2027, growing at a consistent compound annual rate of 14.4%. Key sectors driving this expansion include consumer electronics, fashion, furniture, toys/hobby, bio health pharmaceuticals, media and entertainment, and beverages and food. Containerboard is a crucial packaging material in various industries, particularly in food and beverage packaging. Its applications span across snacks, beer, soft drinks, energy drinks, and alcoholic beverages. The versatility of containerboard is evident in its use for various consumer products such as food, beverage, transportation, storage, personal care, and cosmetics.
Containerboard is manufactured using raw materials like linerboard, corrugated medium, kraft liner, testliner, and recycled fiber. Sustainability and eco-friendliness are essential considerations in today's packaging industry, making recycled fiber a preferred choice. The environmental impact of packaging is a significant concern for eco-conscious consumers, leading to stringent packaging regulations and the adoption of greenhouse gas emissions reduction strategies. The circular economy and sustainable supply chain are key trends in the paperboard manufacturing and paper recycling industries. Containerboard manufacturers are focusing on reducing packaging waste, designing eco-friendly and biodegradable materials, and improving packaging logistics and efficiency. Industrial standards and regulations, such as tree-cutting and natural resource exploitation, are essential to ensure the sustainability of the containerboard industry.
The advent of flexible packaging is the upcoming trend in the market. The market is witnessing significant growth due to the increasing demand for sustainable and eco-friendly packaging solutions. Containerboards, which include linerboard, corrugated medium, kraft liner, and testliner, are essential packaging materials used for various applications such as food packaging, beverage packaging, industrial packaging, transportation packaging, storage packaging, personal care packaging, and cosmetics packaging. Recycled fiber is increasingly being used in the production of containerboards, contributing to sustainability and reducing the environmental impact. Consumer preferences for eco-conscious packaging have led to stricter packaging regulations, with a focus on reducing greenhouse gas emissions and minimizing natural resource exploitation through tree-cutting regulations.
Further, the packaging industry is responding by innovating with biodegradable materials and green packaging solutions. Paperboard manufacturing and paper recycling are key components of a sustainable supply chain in the circular economy. Containerboards offer excellent stacking strength and cost-effectiveness, making them a preferred choice for various industries. However, the introduction of flexible packaging is emerging as a viable alternative due to its flexibility, enhanced safety and shelf life, heating and barrier protection, ease of use, high resale value, and printability. This shift towards flexible packaging is expected to impact the market significantly over the forecast period.
Stringent regulations related to containerboard industry is a key challenge affecting the market growth. The market is driven by the increasing demand for lightweight and versatile packaging materials, such as linerboard and corrugated medium, in various industries. Kraft liner and testliner are commonly used in packaging applications due to their superior strength and recycled fiber content. Sustainability and eco-friendliness are key considerations for consumers, leading to a growing preference for recyclable materials and a reduced environmental impact. Packaging regulations continue to evolve, with a focus on reducing greenhouse gas emissions and minimizing natural resource exploitation. Tree-cutting regulations and the circular economy are crucial aspects of environmental sustainability, as they promote the use of recycled fiber and paper recycling in the manufacturing process.
Consumer preferences for eco-conscious packaging solutions have led to the development of green packaging innovations, such as biodegradable materials and packaging design that prioritizes efficiency and logistics. Food packaging, beverage packaging, transportation packaging, storage packaging, personal care packaging, and cosmetics packaging are all sectors that benefit from these advancements. Paperboard manufacturing and recycling play a significant role in the circular economy, with a focus on sustainable supply chains and waste reduction. The containerboard industry must navigate these trends while adhering to industrial standards and regulations, ensuring the production of high-quality, cost-effective packaging solutions for various end-users.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Billerud AB - The company offers high-quality containerboard solutions for our clients.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is a significant segment of the packaging material industry, with key products including liner board, corrugated medium, kraft liner, testliner, and recycled fiber. These materials are essential for creating versatile packaging solutions, such as lightweight packaging for various industries, including food and beverage, consumer products, transportation, and storage. Sustainability and eco-friendliness are major trends driving the market. Recycled fiber is increasingly used to manufacture containerboard, reducing the environmental impact of natural resource exploitation and greenhouse gas emissions. Sustainability concerns and eco-conscious consumers' preferences are leading to the adoption of recyclable materials and green packaging solutions. Industrial standards and packaging regulations ensure the safety and quality of containerboard products.
Further, end-user preferences for biodegradable materials and packaging design innovations are also influencing market growth. Paperboard manufacturing and recycling are crucial aspects of a sustainable supply chain, contributing to the circular economy and environmental sustainability. Packaging cost, stacking strength, and packaging logistics are essential factors influencing the market. As the demand for eco-friendly packaging continues to grow, the focus is on reducing packaging waste and improving packaging efficiency. The market is expected to witness significant innovation, with a shift towards biodegradable materials and advanced packaging design.
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Market Scope |
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Report Coverage |
Details |
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Page number |
171 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.12% |
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Market Growth 2024-2028 |
USD 27.08 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
2.72 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 48% |
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Key countries |
US, China, Japan, UK, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Billerud AB, Cheng Loong Corp., DS Smith Plc, Georgia Pacific LLC, Greif Inc., International Paper Co., Klabin S.A., MEPCO, Mondi Plc, Nine Dragons Paper Holdings Ltd., Nippon Paper Industries Co. Ltd., Oji Holdings Corp., Packaging Corp. of America, Rengo Co. Ltd., The SCA Group LLC, SCG Packaging, Smurfit Kappa Group, Stora Enso Oyj, WestRock Co., and YFY Inc. |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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