Containerboard Market Size (2024 - 2029)

The containerboard market is projected to experience significant growth over the forecast period, driven by increasing demand for corrugated boxes and e-commerce shipments, as well as a shift towards recyclable packaging options. The market's expansion is supported by the versatility and sustainability of containerboard, which is widely used in packaging due to its durability and recyclability. Despite environmental concerns and the availability of alternative packaging materials, the market presents substantial opportunities, particularly in sectors like food packaging and e-commerce. The COVID-19 pandemic has further accelerated the demand for corrugated packaging solutions, highlighting the market's potential for continued growth.

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Market Size of Containerboard Industry

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Containerboard Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 146.96 Billion
Market Size (2029) USD 162.63 Billion
CAGR (2024 - 2029) 2.05 %
Fastest Growing Market North America
Largest Market North America

Major Players

Containerboard Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Container Board Market Analysis

The Containerboard Market size is estimated at USD 146.96 billion in 2024, and is expected to reach USD 162.63 billion by 2029, growing at a CAGR of 2.05% during the forecast period (2024-2029).

Containerboard is becoming more and more common in the world of packaging. Due to its adaptability, portability, and durability, it is the packaging material that is used most commonly. In addition, it comes from a renewable resource. It is also the one packing material that is recycled the most.

  • Throughout the forecast period, it has been anticipated that the global containerboard market will expand significantly, primarily due to rising corrugated box shipments and e-commerce shipments, increasing demand for packaged foods and businesses, and shifting consumer preferences toward recyclable packaging options.
  • The use of mini-flute corrugated boxes in some markets has also enabled them to expand their presence in markets, such as cereal boxes and carryout food packaging. Another factor that allows corrugated boxes to gain a share from paperboard cartons is the introduction of e-commerce-ready packaging that substitutes lightweight and easy-to-open cartons for boxes that can withstand the rigors of shipping. Such trends are expected to boost the adoption of containerboard in the e-commerce sector and other industries.
  • Although governments are forcing package industries to use recyclable materials for packaging and there are growing environmental concerns, the market under investigation for the projected period has a huge opportunity.
  • One of the crucial aspects anticipated to impede the market's expansion is the accessibility of alternative packaging options.
  • Some of the main drivers of the examined market as a result of the COVID-19 outbreak include growth in food packaging and continually rising demand for corrugated packages in expanding e-commerce shipments. The demand for grocery packaging, healthcare products, and e-commerce shipments has significantly expanded in e-commerce portals.

Container Board Industry Segmentation

Containerboard is the material used to manufacture corrugated boxes - usually known as cardboard. It is the most repeatedly used packaging material since it is versatile, lightweight, strong, and made from renewable resources. It is also the only most-recycled packaging material.

The Containerboard Market is Segmented by Material (Virgin Fibers, Recycled Fibers, and Virgin + Recycled Fibers), Type (Kraftliners, Testliners, and Flutings), End-user Vertical (Food and Beverage, Consumer Goods, and Industrial), and Geography. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

By Material
Virgin Fibers
Recycled Fibers
Virgin + Recycled Fibers
By Type
Kraftliners
Testliners
Flutings
Other Types (White Top, etc.)
By End User
Food and Beverage
Consumer Goods
Industrial
Other End Users
By Geography
North America
Europe
Asia-Pacific
South America
Middle East and Africa
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Containerboard Market Size Summary

The containerboard market is poised for significant growth over the forecast period, driven by its increasing adoption in packaging due to its adaptability, portability, and durability. As a renewable and highly recyclable material, containerboard is becoming the preferred choice in various industries, particularly in e-commerce and food packaging. The rising demand for corrugated boxes, fueled by the expansion of e-commerce and the need for sustainable packaging solutions, is a key factor contributing to the market's expansion. The shift towards recyclable packaging options and the introduction of e-commerce-ready packaging are further enhancing the market's prospects. Despite challenges from alternative packaging materials, the market presents substantial opportunities, especially as governments and consumers increasingly prioritize eco-friendly solutions.

North America is expected to be a significant contributor to the containerboard market, with the United States leading in production and export due to its focus on sustainable development and lower manufacturing costs. The region's awareness of eco-friendly products and initiatives like those from the Fiber Box Association are boosting the demand for corrugated cardboard packaging. The market is moderately competitive, with major players like WestRock Company and Smurfit Kappa Group expanding their operations to meet growing demand. Innovations in packaging, such as temperature-controlled corrugated boxes, are also driving market growth. The regulatory environment, particularly in cities banning non-recyclable products, further supports the shift towards containerboard solutions, enhancing its market potential.

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Containerboard Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Industry Supply Chain Analysis

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Consumers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Intensity of Competitive Rivalry

      5. 1.3.5 Threat of Substitutes

    4. 1.4 Impact of COVID-19 on the Market

    5. 1.5 Introduction to Market Drivers and Restraints

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Material

      1. 2.1.1 Virgin Fibers

      2. 2.1.2 Recycled Fibers

      3. 2.1.3 Virgin + Recycled Fibers

    2. 2.2 By Type

      1. 2.2.1 Kraftliners

      2. 2.2.2 Testliners

      3. 2.2.3 Flutings

      4. 2.2.4 Other Types (White Top, etc.)

    3. 2.3 By End User

      1. 2.3.1 Food and Beverage

      2. 2.3.2 Consumer Goods

      3. 2.3.3 Industrial

      4. 2.3.4 Other End Users

    4. 2.4 By Geography

      1. 2.4.1 North America

      2. 2.4.2 Europe

      3. 2.4.3 Asia-Pacific

      4. 2.4.4 South America

      5. 2.4.5 Middle East and Africa

Containerboard Market Size FAQs

The Containerboard Market size is expected to reach USD 146.96 billion in 2024 and grow at a CAGR of 2.05% to reach USD 162.63 billion by 2029.

In 2024, the Containerboard Market size is expected to reach USD 146.96 billion.

Container Board Market Report Snapshots

Containerboard Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)