The global containerboard
market size is projected to reach USD 142.03 billion by
2027 owing to the rising demand for sustainable packaging worldwide. Containerboards
are paperboards used generally for packaging material due to their properties
such as lightweight and paperweight, or high grammage. A recently published
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,” offers a qualitative and
quantitative analysis of the market. As per this report, the value of the
market stood at USD 120.60 billion in 2019 and will exhibit a
CAGR of 2.1% between 2020 to 2027”.
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What are the Highlights of the Report?
The report offers an extensive overview of the market and
highlights the growth drivers, restraints, upcoming opportunities, and possible
challenges of the market. It also discusses the table of segmentation based on
factors such as material, end-user, and geography with the names of the leading
segment and its attributed factors. It also lists the names of players
operating in the market and the key strategies adopted by them. Furthermore,
the report discusses significant industry developments, current trends
prevalent in the market, and other interesting insights that will help
investors to make financial and beneficial decisions in the market.
Increasing Demand from Pharmaceutical Industries to Boost
With rapid industrialization, there is an increasing need for
sustainable packaging from various sectors such as cosmetics, food and
beverage, pharmaceutical, personal care, and others. This stands as a major
factor in boosting the containerboard market growth. Besides this, the booming
food and beverage sector with increasing popularity for ready-to-eat frozen
food and convenient food would increase its productivity, thereby demanding
more containerboards for package and shipment purposes. This will bode well for
the market in the coming years.
On the contrary, regulatory impositions based on the use of
nature-friendly resources for the production of containerboards may pose a
major challenge for the market players, thereby hampering the overall market
size. Nevertheless, the rapidly developing e-commerce industry would aid
growth. Apart from that, the rising preference for product-specific corrugated
boxes for safety concerns regarding external stress is likely to create
lucrative growth opportunities for the market in the forthcoming years.
Asia Pacific to Continue its Dominance with China on the Lead
Asia Pacific is dominating the market with a revenue of USD 53.13
billion earned in 2019. The growth of this region is attributed to the rapid
industrialization activities, coupled with a rise in the preference for
ready-to-eat and packaged food and beverages. China stands as the leading
producer of containerboard and will continue to do so in the forthcoming years
on account of the busy lifestyle and rising production of convenient food
On the other side, the market in Europe is expected to exhibit
significant growth owing to the expansion of the personal care and cosmetics
market. The market in the Middle East and Africa and Latin America will grow
steadily with the development of retail distribution channels and the
increasing agriculture-related businesses in the respective regions.
Consolidated Nature of Market will Intensify Competition
The competitive landscape of the market is consolidated in nature
with the presence of a bunch of players holding about 20% of the overall
production capacity. These include Mondi Group, SCG Packaging Public Company
Limited, DS Smith, Lee & Man Paper Manufacturing Ltd., and Smurfit Kappa.
Major vendors are investing massively on the research and development of
recyclable and water-resistant containerboard products to attract high revenue
in the coming years. Besides this, the players are also engaging in
collaborative efforts such as agreements and contracts, mergers and
acquisitions, joint ventures, and others for gaining a competitive edge in the
List of Market Manufacturers Include:
- Stora Enso
- Nine Dragons
Paper (Holdings) Limited
- Rengo Co., Ltd.
- WestRock Company
- Oji Fibre
Solutions (NZ) Ltd.
- Smurfit Kappa
- Lee & Man
Paper Manufacturing Ltd.
- DS Smith
- SCG PACKAGING
PUBLIC COMPANY LIMITED
- Mondi Group
- Other Players