Containerboard Market Size, Trends, Growth Insights

The global containerboard market size was valued at USD 154.13 billion in 2023 and to reach USD 203.74 billion by 2033, increasing at a CAGR of 2.83% from 2023 to 2033. The market is expected to be driven by rising demand for packaging materials that are lightweight and sustainable.

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Key Takeaways

• Asia Pacific led the market with the largest revenue share of 50% in 2023.
• North American is observed to grow at the fastest rate during the forecast period.
• By material, the recycled material segment has contributed more than 78% of revenue share in 2023.
• By material, the virgin material segment is expected to grow at the fastest rate during the forecast period.
• By end-use, the food & beverage segment has generated the largest revenue share of 33% in 2023.
• By end-use, the consumer goods segment is the fastest growing segment over the forecast period.

Market Overview

Containerboard is a type of paperboard designed for making corrugated fiberboard, essential in the packaging industry. It consists of multiple layers: a corrugated medium between two flat linerboards. The corrugated medium provides strength and rigidity, while the linerboards offer a smooth surface for printing and extra support. This composition makes container boards ideal for creating corrugated boxes and packaging materials used for shipping and storing goods.

There is a growing preference for sustainable and eco-friendly packaging solutions among consumers and companies. Containerboard, being recyclable and made from renewable resources, aligns well with this trend, boosting its demand. The future of the containerboard market looks promising with continued growth expected, driven by sustainable packaging trends, increasing e-commerce activities, and robust demand from various end-use industries. Innovations in manufacturing processes and recycling technologies will further support market expansion.

Growth Factors

• The increasing urbanization specifically in developing countries is expected to fuel the market growth.
• The surge in e-commerce has substantially driven the demand for containerboard which can impact the market positively.
• Stringent regulations associated with packaging material and waste management can propel market growth further.
• Technological advancements in manufacturing processes are also likely to contribute to market expansion.

Rising Demand from the Food and Beverage Industry to Act as a Driver

The growth of the food and beverage industry has raised the need for containerboard on a worldwide scale. The growing demand for packaged, frozen, and ready-to-eat goods as well as changing lifestyles have contributed to the growth of this industry. The market for containerboards is growing as a result. This industry is also being driven by the explosive expansion of e-commerce, since product-specific corrugated boxes are required to safeguard goods and guarantee safe delivery.

One of the top providers of packaging solutions, Saica Group, teamed up with one of the top producers of fast-moving consumer goods, Mondelez, in June 2024 to introduce a new paper-based product aimed at multipacks—goods for the chocolate, cookie, and confectionery industries. The novel paper-based packaging is appropriate for heat-sealing processes and is made to be recyclable in the paper waste stream.

Inclination Towards Digitization to Act as a Restraint

The growing trend towards digitalization poses a challenge to the containerboard market. As communication and documentation increasingly shift to digital platforms, the demand for traditional paper usage declines. Also, Businesses and consumers are opting for digital alternatives for online advertising, electronic communication, and document storage. This preference for digital mediums reduces the demand for printed materials, which can impact the need for container boards in packaging applications.

The growth of digitization, especially e-commerce, often leads to a shift towards more efficient and less bulky packaging solutions, reducing the demand for traditional containerboard. With the rise of digital documentation, storage, and communication, there is a decreasing need for paper-based products, including containerboard, which is used extensively in office supplies and paper-based packaging.

Rising Demand for Lightweight Materials to Open Opportunities

The growing demand for innovative lightweight materials is a key trend shaping the global containerboard market. Manufacturers are providing more lightweight, high-performance corrugated materials to reduce costs, improve performance, and to make sure compliance with regulations. Lower material consumption during production also minimizes environmental impact. The packaging industry is witnessing numerous innovations in response to this trend.

Lightweight materials reduce the overall weight of packaging, leading to lower transportation costs. This is particularly important in the containerboard market, where shipping efficiency can result in substantial savings. Lightweight materials often have a smaller environmental footprint, requiring less energy and resources to produce and transport. This aligns with increasing regulatory pressures and consumer demand for sustainable packaging solutions.

Industrial sectors, particularly in developing regions, are increasingly adopting lightweight containerboard for packaging due to its cost-effectiveness and efficiency. This trend is expected to drive market growth as industries seek to optimize their packaging solutions. Lightweight containerboard offers advantages in global trade by reducing shipping costs and meeting international standards for sustainable packaging. This opens up new markets and export opportunities for manufacturers.

• Amcor introduced their “next generation” of medical laminate solutions in November 2023, paving the way for the creation of “all-film packaging that is recyclable in the polyethylene stream.” By lowering the end package’s carbon footprint and preserving device applications’ performance requirements, the novel approach aids medical enterprises in achieving their sustainability objectives.

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