A research report on the Containerboard Market has recently been published by Stratview Research, which addresses the significant changes in the Containerboard Market. The study's purpose is to recognize recent market sizes for various segments and countries, as well as forecast values for the coming years. This research gives an analytical review of the market’s present trend and future estimates in order to find additional opportunities. The report is meant to provide both qualitative and quantitative aspects of the market in each of the areas and countries studied.

Market Insights

The containerboard market was estimated at USD 130.1 billion in 2022 and is likely to grow at a CAGR of 2.53% during 2023-2028 to reach USD 151.9 billion in 2028.

What is a containerboard?

Containerboard is basically a kind of paperboard that is specially made for the production of corrugated board, including both types of paper i.e., liner board and the corrugating medium used for making corrugated board.

Market Dynamics

Major factors driving the growth of the containerboard market are-

·       Increasing demand for lightweight packaging material.

·       Friendly government norms about recycled paper usage.

·       Increasing usage of agricultural chemicals for protecting crops from insects and worms.

Profiling Key Companies –

• Cascade Inc.
• Cheng Loong Corporation
• Georgia Pacific LLC
• International Paper
• Klabin
• Mondi plc
• Packaging Corporation of America
• Stora Enso
• Svenska Cellulosa AB
• The Smurfit Kappa Group plc.

Segment Analysis

Based on the product type, the market is segmented as liner board, corrugating medium, and white tops. The liner board is further divided into kraft liners and test liners. Kraft liners are estimated to hold the major part of the share in the market owing to their high tensile strength and wide application in paper sacks production during the forecast period.

On the other hand, test liners are estimated to witness significant growth owing to their range of applications in consumer durables packing which includes processed food, meat products, and home & personal care, and in lowering the emission level of carbon, which is fueling the segment’s growth over the forecast period.

Based on the application type, the market is segmented as fast-moving consumer goods, industrial, flowers, agriculture, and fruits. The fast-moving consumer goods are further segmented as processed foods, home & personal care, meat, pharmaceuticals, fats & oils, dairy & alternatives, and alcohol & drinks. Processed food application is estimated to hold the largest share of the market owing to its wide utilization in shielding consumables from contamination and tempering, boosting the segment’s growth during the forecast period. These products need food stability so as to maintain their taste and texture.

On the other hand, pharmaceutical is anticipated to witness significant growth over the forecast period. These products find use in maintaining a sterilized environment, fragile product protection, and stacking efficiency, and also protect drugs from radiations which may cause any change in chemical formulations coupled with the loss of therapeutic values, accelerating the market growth during the forecast period.

In terms of regions, Asia-Pacific is estimated to be the leading region in the market with South Korea, Japan, China, Australia, and India being the major countries with lucrative growth opportunities during the forecast period. Further, for preventing food deterioration these establish an antimicrobial environment and protect meat products from the direct influence of the exterior environment as the growing consumption of meat in the region can cause food spoilage.

In addition, Europe is projected to account for a significant share of the market owing to the growing personal care & cosmetic market in the region during the forecast period. France and Germany are projected as the growth engines of the region owing to increasing exports because of growing cosmetic manufacturing during the forecast period.

Further, the Brazilian containerboard industry is estimated to register strong growth on account of increasing flower commercialization during the forecast period. Also, increasing small supplementary agribusiness supported by the growth and development of retail flower distribution channels is expected to fuel the product demand for effective packaging, boosting the market growth over the forecast period.

𝗞𝗲𝘆 𝗙𝗲𝗮𝘁𝘂𝗿𝗲𝘀 𝗼𝗳 𝗥𝗲𝗽𝗼𝗿𝘁:-

-        Assessment of the market

-        Competitive Landscape

-        COVID Impact Analysis

-        Value Chain Analysis

-        Historic Data, Estimates, and Forecast

-         Company Profiles

-        Global and Regional Dynamics

-        Future Business Scope & Opportunities Forecast

Custom Research:

Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please connect with our experts at +1-313-307-4176.

Critical Questions Answered in the Report

-        What are the key trends in the Containerboard Market?

-        How the market (and its various sub-segments) has grown in the last five years and what growth trajectory will it follow in the next five years?

-        On what scale has COVID-19 impacted the Containerboard Market?

-        What are some key strategies adopted by the market leaders in the Containerboard Market?

-        How much share of the Containerboard Market do the top players own?

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀:-

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