"We Envision Growth Strategies Most Suited
to Your Business"

Containerboard Market will Reach USD 142.03 Billion by 2027; Government Regulations Imposed on Use of Natural Resources will Augment Growth

May 21, 2020 | Chemicals & Materials

The global containerboard market size is anticipated to reach USD 142.03 billion by 2027. This growth is attributable to the increasing demand for packaging from various sectors worldwide. This is a paperboard used for the manufacturing of corrugated boards for packaging purposes. They are lightweight, have high grammage, and are versatile. As per the report by Fortune Business Insights™ titled, Containerboard Market Size, Share & Industry Analysis, By Material (Virgin, and Recycled), By End-User (Food & Beverage, Personal Care & Cosmetics, Industrial, and Others), and Regional Forecast, 2020-2027, the market value was USD 120.60 billion in 2019 and is expected to rise at a CAGR of 2.1% between 2020 to 2027.


Collaborative Agreement Between Corrugated Container Corporation and DS Smith to Implement Growth


The North American company named Corrugated Container Corporation (CCC) and DS Smith entered into a joint venture on 22nd May 2018, for increasing the overall capacity of the company’s paper and packaging. This was the follow up of the recent purchase of Interstate Resources by DS Smith. The main objective of CCC is to provide high-quality and sustainable retail-ready and display packaging wherein DS smith already has an upper hand. With this collaboration, the latter will increase its box-making capacity on one side and attract high revenue from North America.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/containerboard-market-102801


Rise in Demand for Packaging from Pharmaceutical Companies will Augment Growth


The increasing demand for sustainable packaging from various sectors is promoting the global containerboard market growth. These include demand from food and beverage, cosmetics, pharmaceutical, personal care, and other industries. Besides this, a rise in the demand for convenient, ready-to-eat, and frozen food will also aid in the expansion of the market during the forecast period.


On the flip side, the governments of various nations have imposed the use of natural substances for the production of containerboards, keeping in mind the environmental pollution and degradation. This may hamper the market growth.


Consolidated Nature of Market to Bode well for Players


Five players are holding almost 20% of the market share for containerboard on account of massive investments on the research and development of water-resistant and recyclable containerboard products for gaining a competitive edge in the market. These players include DS Smith, SCG Packaging Public Company Limited, Smurfit Kappa, Lee & Man Paper Manufacturing Ltd., and Mondi Group. These players are also engaging in joint ventures, mergers and acquisitions, agreements and contracts, and other strategies for attracting high revenue in the forecast period. Manufacturers are also implementing the use of recyclable products for the production of these boards and are therefore, investing heavily on the same.


Notable Industry Developments of Market include:



  • May 2018 – Mills from Catalyst Paper located in Wisconsin, Maine, and Rumford were acquired by one of the subsidiaries of Nine Dragons Paper (Holdings) Ltd., namely ND Paper LLC for USD 175 million.



List of Major Market Manufacturers are:



  • Oji Fibre Solutions (NZ) Ltd.

  • Mondi Group

  • Stora Enso

  • SCG PACKAGING PUBLIC COMPANY LIMITED

  • Nine Dragons Paper (Holdings) Limited

  • DS Smith

  • Hamburger Containerboard

  • Lee & Man Paper Manufacturing Ltd.

  • Georgia-Pacific LLC

  • Smurfit Kappa

  • Rengo Co., Ltd.

  • International Paper

  • WestRock Company

  • Other Vendors


Further Report Findings-



  • Asia Pacific held the dominant market share with a revenue of USD 53.13 billion owing to the rapid increase in popularity of convenient, frozen, and ready-to-eat food products, coupled with the rising disposable income of people.

  • By end user, the market is dominated by the food and beverage sector on account of the increasing usage of containerboards for the storage and transportation of food items. The personal care and cosmetics segment earned 22.2% share in the market.


The Market is Segmented Into:









































 ATTRIBUTE



 DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD Billion) and Volume (Mn Ton)



Segmentation



By Material



  • Virgin

  • Recycled



 



By End-User



  • Food & Beverage

  • Personal Care & Cosmetics

  • Industrial

  • Others



By Region



  • North America (the U.S., and Canada)

  • Europe (Germany, France, UK, Italy, Spain, Russia, and the Rest of Europe)

  • Asia Pacific (China, Japan, India, South Korea, Indonesia, and the Rest of Asia Pacific)

  • Latin America (Brazil, Argentina, Mexico, and the Rest of South America)

  • Middle East& Africa (GCC, and the Rest of the Middle East & Africa)



 

Containerboard Market
  • PDF
  • 2019
  • 2016-2018
  • 200

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

Our Clients

kline-and-company-vector-logo
Atlas_Copco_logo
omron
baxter
bridgestone-26989
3M
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info.
X