In 2022, The Containerboard Market size was US $ 128.14 billion, which is expected to increase to USD 151.31 billion by 2030 at a CAGR of 2.2 % over the forecast period of 2023-2030.
The most used packaging material is containerboards made of renewable resources, which are durable, lightweight and flexible. It's the most recycled material when it comes to packaging. In order to meet the growing demand for products, end-user industries of containerboard are chemical packaging, food & beverage packaging, consumer goods packaging, pharmaceutical packaging and electronic packaging as they require packaging solutions that offer sustainability, lightness and simplicity.
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This market is driven by factors such as a growing youth preference for processed foods, a large population requiring safe and protective packaging for transportation, and increasing exports of agricultural products. However, factors such as the availability of alternative packaging solutions and rising raw material costs are expected to hinder market growth during the forecast period.
The ongoing technological advancements in the Digital Printing Packaging field are expected to create several potential opportunities in the market. In addition, the increasing adoption of advanced processes and increasing demand for high-volume liners and post-printing products is expected to create further new opportunities. In addition, manufacturers in the corrugated base paper market are expected to meet the high demands of their customers by offering customized requirements such as sustainable manufacturing, material design, and significant development of cost-effective manufacturing technology. increase.
Moreover, rising demand for advanced lightweight materials is expected to drive business growth in the coming years. This can be attributed to factors such as cost reduction, performance improvement and environmental friendliness. Distributors offer high-performance, lightweight corrugated and corrugated grades. Corrugated boxes are an environmentally friendly and sustainable form of packaging compared to other forms of packaging such as plastic and metal. Cardboard boxes are made from 46% recycled materials.
KEY DRIVERS:
Growing Packaging Industry of Food & Beverages
Corrugated boxes which are extensively used in the packaging of food and beverages are primarily made from containerboard. Demand is increasing worldwide due to the expansion of the food and beverage sector. The food & beverage industry has been driven by a shift in consumer behaviour, and an increase in the appetite for frozen foods, prepared meals, and packages, which is helping to drive market growth.
As a result of e-commerce, there has been an increase in demand for cardboard boxes and packaging materials
RESTRAIN:
Stringent legislation and sustainability requirements may arise as a consequence of environmental concerns about deforestation and greenhouse gas emissions, which could pose restrain the industry.
OPPORTUNITY:
Opportunities are available for container manufacturers due to increased awareness about sustainability and the environment.
In view of the increasing demand for eco-friendly packaging alternatives, containerboard made from recyclable materials and biomass sources is in a strong position to satisfy this need. Developing innovative sustainable packaging solutions, utilizing recycled fibers, and reducing carbon footprint can attract environmentally conscious consumers and businesses.
There are opportunities in this market for technological advances such as automation, digital printing and modern production methods.
CHALLENGES:
The challenge for containerboard manufacturers is that environmental regulations and sustainability requirements are becoming increasingly stringent.
About 1.5 million tons of paper and cardboard are produced in Ukraine annually. The country's largest producers include the Kyiv Paperboard and Paper Mill (KCPM), which accounts for about 35 % of the total Ukrainian paper and board production, and Lubezhansky Paperboard and Packaging, a joint venture of DS Smith.
As of February 2022, almost all P&B manufacturers have stopped production due to the ongoing conflict in Ukraine. The total capacity of his P&B plant in Ukraine is 1,240,0000 tons.
Stora Enso also stopped all production and sales in Russia because of the war. All imports and exports to the country have also been suspended.
Europe produces 2600 tons of containerboard, exporting 5% to Russia. The war and trade turmoil halted exports, impacting industry-wide earnings. Russia imports some 800,000- 950,000 tonnes of paper and board, mostly boxboard and painted newspaper graphics from the EU, this is likely to be affected due to the war. There might be a short term paper shortages in certain segments of the European market, kraftliner, when trade restrictions cut off papers and boards from coming to Europe. The war in Ukraine has put at risk a large part of the EU gas supply, given that Europe is currently importing 40% of its natural gas from Russia.
During the global recession, all sectors of the economy, such as manufacturing, services, retail, and construction are affected. According to the AF&PA, total boxboard production in the first quarter of 2023 went down to 5 % as compared to 2022, while the boxboard operating rate was 88 %, down 6.5 % from last year.
WestRock reported a loss of $1.8 billion that included 255,000 tons of economic-related downtime, and International Paper reported 425,000 tons worth of economic downtime. Shipments of boxes declined by 12.7% after covid in the first quarter, according to Packaging Corporation of America executives
Packaging Corp. was down almost 13% in its shipments during the first quarter of 2023.
By Material
Virgin
Recycled
Recycled cardboard accounts for a large market share based on the material segment. Consumer goods manufacturers are increasingly favoring recyclable materials, increasing the demand for recycled materials. The market has been driven by high demand from the food and beverage sector. The recycled containerboards also align with the government regulations on environment.
By Type
Flutings
Kraftliners
Testliners
By End User
Food & Beverages
Personal Care
Industrial
Consumer Goods
Others
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By end user segment, food and beverage hold major container board market. Corrugated boxes are required in foods and beverages for the purpose of storage and transportation. Corrugated boxes have properties such as toughness, and ability to resist crushing. Therefore, growth in food and beverage sector with give growth to the market of containerboards.
The Asia Pacific region, characterized by rapid industrialization activity coupled with increased consumer preference for ready-to-eat or drink products due to busy lifestyles, is the world's largest and fastest-growing market. In addition, China is the biggest contributor to the demand for products and will underpin market growth in this part of the world.
The North American market is characterized by environmental concerns, which have encouraged the use of sustainable products for packaging. For the products, containerboards provide a lighter and more durable form of packaging as well as attractive displays. In this part of the world, therefore, containerboard demand is high for end users.
Due to the growth of the Personal Care & Cosmetics Market, Europe has seen high demand. The personal care industry uses container boards to protect products against piracy and prevention of spillage, which will drive market growth.
During the forecast period, Latin America and the Middle East and Africa are expected to grow significantly. In these regions, market growth will be stimulated by growing agricultural and business-related businesses together with the development of retailers' distribution channels.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some major key players in the Containerboard market are Smurfit Kappa, SCG Packaging Public Company Limited, DS Smith, Stora Enso, Georgia-Pacific LLC, Westrock Company, International Paper, Mondi Group, Hamburger Containerboard, Lee & Man Paper Manufacturing Limited and other players.
Valmet said that in order to improve its environmental footprint, it will be providing DS Smith Paper Italia SRL with a new containerboard machine.
Mondi is taking over Burgo's Duino mill and converting it into the manufacture of containerboard.
| Report Attributes | Details |
| Market Size in 2022 | US$ 128.14 Bn |
| Market Size by 2030 | US$ 151.31 Bn |
| CAGR | CAGR of 2.2% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Material (Virgin, Recycled) • By Type (Flutings, Kraftliners, Testliners) • By End User (Food & Beverages, Personal Care, Industrial, Consumer Goods, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Smurfit Kappa, SCG Packaging Public Company Limited, DS Smith, Stora Enso, Georgia-Pacific LLC, Westrock Company, International Paper, Mondi Group, Hamburger Containerboard, Lee & Man Paper Manufacturing Limited |
| Key Drivers | • Growing Packaging Industry of Food & Beverages • As a result of e-commerce, there has been an increase in demand for cardboard boxes and packaging materials |
| Market Restraints | • Stringent legislation and sustainability requirements may arise as a consequence of environmental concerns about deforestation and greenhouse gas emissions, which could pose restrain the industry. |
Ans: The Containerboard Market is expected to grow at a CAGR of 2.2 %.
Ans: The Containerboard Market size was USD 128.14 billion in 2022 and is expected to Reach USD 151.31 billion by 2030.
Ans: Growing Packaging Industry of Food & Beverages drives the market growth.
Ans: Stringent government regulations act as restrain for the market.
Ans: The Asia Pacific region is the world's largest and fastest-growing market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia-Ukraine war
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
4.3 Supply Demand Gap Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Containerboard Market Segmentation, By Material
8.1 Virgin
8.2 Recycled
9. Containerboard Market Segmentation, By Type
9.1 Flutings
9.2 Kraftliners
9.3 Testliners
10. Containerboard Market Segmentation, By End User
10.1 Food & Beverages
10.2 Personal Care
10.3 Industrial
10.4 Consumer Goods
10.5 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Containerboard Market by Country
11.2.2North America Containerboard Market by Material
11.2.3 North America Containerboard Market by Type
11.2.4 North America Containerboard Market by End User
11.2.5 USA
11.2.5.1 USA Containerboard Market by Material
11.2.5.2 USA Containerboard Market by Type
11.2.5.3 USA Containerboard Market by End User
11.2.6 Canada
11.2.6.1 Canada Containerboard Market by Material
11.2.6.2 Canada Containerboard Market by Type
11.2.6.3 Canada Containerboard Market by End User
11.2.7 Mexico
11.2.7.1 Mexico Containerboard Market by Material
11.2.7.2 Mexico Containerboard Market by Type
11.2.7.3 Mexico Containerboard Market by End User
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Containerboard Market by Country
11.3.1.2 Eastern Europe Containerboard Market by Material
11.3.1.3 Eastern Europe Containerboard Market by Type
11.3.1.4 Eastern Europe Containerboard Market by End User
11.3.1.5 Poland
11.3.1.5.1 Poland Containerboard Market by Material
11.3.1.5.2 Poland Containerboard Market by Type
11.3.1.5.3 Poland Containerboard Market by End User
11.3.1.6 Romania
11.3.1.6.1 Romania Containerboard Market by Material
11.3.1.6.2 Romania Containerboard Market by Type
11.3.1.6.4 Romania Containerboard Market by End User
11.3.1.7 Turkey
11.3.1.7.1 Turkey Containerboard Market by Material
11.3.1.7.2 Turkey Containerboard Market by Type
11.3.1.7.3 Turkey Containerboard Market by End User
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Containerboard Market by Material
11.3.1.8.2 Rest of Eastern Europe Containerboard Market by Type
11.3.1.8.3 Rest of Eastern Europe Containerboard Market by End User
11.3.2 Western Europe
11.3.2.1 Western Europe Containerboard Market by Country
11.3.2.2 Western Europe Containerboard Market by Material
11.3.2.3 Western Europe Containerboard Market by Type
11.3.2.4 Western Europe Containerboard Market by End User
11.3.2.5 Germany
11.3.2.5.1 Germany Containerboard Market by Material
11.3.2.5.2 Germany Containerboard Market by Type
11.3.2.5.3 Germany Containerboard Market by End User
11.3.2.6 France
11.3.2.6.1 France Containerboard Market by Material
11.3.2.6.2 France Containerboard Market by Type
11.3.2.6.3 France Containerboard Market by End User
11.3.2.7 UK
11.3.2.7.1 UK Containerboard Market by Material
11.3.2.7.2 UK Containerboard Market by Type
11.3.2.7.3 UK Containerboard Market by End User
11.3.2.8 Italy
11.3.2.8.1 Italy Containerboard Market by Material
11.3.2.8.2 Italy Containerboard Market by Type
11.3.2.8.3 Italy Containerboard Market by End User
11.3.2.9 Spain
11.3.2.9.1 Spain Containerboard Market by Material
11.3.2.9.2 Spain Containerboard Market by Type
11.3.2.9.3 Spain Containerboard Market by End User
11.3.2.10 Netherlands
11.3.2.10.1 Netherlands Containerboard Market by Material
11.3.2.10.2 Netherlands Containerboard Market by Type
11.3.2.10.3 Netherlands Containerboard Market by End User
11.3.2.11 Switzerland
11.3.2.11.1 Switzerland Containerboard Market by Material
11.3.2.11.2 Switzerland Containerboard Market by Type
11.3.2.11.3 Switzerland Containerboard Market by End User
11.3.2.1.12 Austria
11.3.2.12.1 Austria Containerboard Market by Material
11.3.2.12.2 Austria Containerboard Market by Type
11.3.2.12.3 Austria Containerboard Market by End User
11.3.2.13 Rest of Western Europe
11.3.2.13.1 Rest of Western Europe Containerboard Market by Material
11.3.2.13.2 Rest of Western Europe Containerboard Market by Type
11.3.2.13.3 Rest of Western Europe Containerboard Market by End User
11.4 Asia-Pacific
11.4.1 Asia-Pacific Containerboard Market by country
11.4.2 Asia-Pacific Containerboard Market by Material
11.4.3 Asia-Pacific Containerboard Market by Type
11.4.4 Asia-Pacific Containerboard Market by End User
11.4.5 China
11.4.5.1 China Containerboard Market by Material
11.4.5.2 China Containerboard Market by Type
11.4.5.3 China Containerboard Market by End User
11.4.6 India
11.4.6.1 India Containerboard Market by Material
11.4.6.2 India Containerboard Market by Type
11.4.6.3 India Containerboard Market by End User
11.4.7 Japan
11.4.7.1 Japan Containerboard Market by Material
11.4.7.2 Japan Containerboard Market by Type
11.4.7.3 Japan Containerboard Market by End User
11.4.8 South Korea
11.4.8.1 South Korea Containerboard Market by Material
11.4.8.2 South Korea Containerboard Market by Type
11.4.8.3 South Korea Containerboard Market by End User
11.4.9 Vietnam
11.4.9.1 Vietnam Containerboard Market by Material
11.4.9.2 Vietnam Containerboard Market by Type
11.4.9.3 Vietnam Containerboard Market by End User
11.4.10 Singapore
11.4.10.1 Singapore Containerboard Market by Material
11.4.10.2 Singapore Containerboard Market by Type
11.4.10.3 Singapore Containerboard Market by End User
11.4.11 Australia
11.4.11.1 Australia Containerboard Market by Material
11.4.11.2 Australia Containerboard Market by Type
11.4.11.3 Australia Containerboard Market by End User
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Containerboard Market by Material
11.4.12.2 Rest of Asia-Pacific Containerboard Market by Type
11.4.12.3 Rest of Asia-Pacific Containerboard Market by End User
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Containerboard Market by Country
11.5.1.2 Middle East Containerboard Market by Material
11.5.1.3 Middle East Containerboard Market by Type
11.5.1.4 Middle East Containerboard Market by End User
11.5.1.5 UAE
11.5.1.5.1 UAE Containerboard Market by Material
11.5.1.5.2 UAE Containerboard Market by Type
11.5.1.5.3 UAE Containerboard Market by End User
11.5.1.6 Egypt
11.5.1.6.1 Egypt Containerboard Market by Material
11.5.1.6.2 Egypt Containerboard Market by Type
11.5.1.6.3 Egypt Containerboard Market by End User
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Containerboard Market by Material
11.5.1.7.2 Saudi Arabia Containerboard Market by Type
11.5.1.7.3 Saudi Arabia Containerboard Market by End User
11.5.1.8 Qatar
11.5.1.8.1 Qatar Containerboard Market by Material
11.5.1.8.2 Qatar Containerboard Market by Type
11.5.1.8.3 Qatar Containerboard Market by End User
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Containerboard Market by Material
11.5.1.9.2 Rest of Middle East Containerboard Market by Type
11.5.1.9.3 Rest of Middle East Containerboard Market by End User
11.5.2 Africa
11.5.2.1 Africa Containerboard Market by Country
11.5.2.2 Africa Containerboard Market by Material
11.5.2.3 Africa Containerboard Market by Type
11.5.2.4 Africa Containerboard Market by End User
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Containerboard Market by Material
11.5.2.5.2 Nigeria Containerboard Market by Type
11.5.2.5.3 Nigeria Containerboard Market by End User
11.5.2.6 South Africa
11.5.2.6.1 South Africa Containerboard Market by Material
11.5.2.6.2 South Africa Containerboard Market by Type
11.5.2.6.3 South Africa Containerboard Market by End User
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Containerboard Market by Material
11.5.2.7.2 Rest of Africa Containerboard Market by Type
11.5.2.7.3 Rest of Africa Containerboard Market by End User
11.6 Latin America
11.6.1 Latin America Containerboard Market by Country
11.6.2 Latin America Containerboard Market by Material
11.6.3 Latin America Containerboard Market by Type
11.6.4 Latin America Containerboard Market by End User
11.6.5 Brazil
11.6.5.1 Brazil America Containerboard by Material
11.6.5.2 Brazil America Containerboard by Type
11.6.5.3 Brazil America Containerboard by End User
11.6.6 Argentina
11.6.6.1 Argentina America Containerboard by Material
11.6.6.2 Argentina America Containerboard by Type
11.6.6.3 Argentina America Containerboard by End User
11.6.7 Colombia
11.6.7.1 Colombia America Containerboard by Material
11.6.7.2 Colombia America Containerboard by Type
11.6.7.3 Colombia America Containerboard by End User
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Containerboard by Material
11.6.8.2 Rest of Latin America Containerboard by Type
11.6.8.3 Rest of Latin America Containerboard by End User
12 Company profile
12.1 Smurfit Kappa
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 SCG Packaging Public Company Limited
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 DS Smith
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Stora Enso
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Georgia-Pacific LLC
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Westrock Company
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 International Paper
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Mondi Group
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Hamburger Containerboard
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Lee & Man Paper Manufacturing Limited
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Bench marking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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