Carton Board Market Size (2024 - 2029)

Carton Board Market Analysis

The Carton Board Market size is estimated at USD 71.93 billion in 2024, and is expected to reach USD 98.41 billion by 2029, growing at a CAGR of 6.47% during the forecast period (2024-2029).

• A carton board container is made from paperboard, which comprises three or more layers of pliers of cellulose fiber made from wood. The growing popularity of carton boards is attributable to their sturdy and rigid properties, thus boosting product demand. The rising use of carton boards for shipping, storage, and packaging purposes for multiple end-user industries is driving market growth.
• The carton board market is significantly influenced by the booming e-commerce industry, driven by evolving consumer behavior, rising urbanization, and the increasing purchasing power of the population. Furthermore, environmentally conscious consumers are favoring eco-friendly products, leading to a voluntary shift toward sustainable packaging like paperboard, which is gaining market acceptance rapidly.
• The packaging industry, being ever-evolving, has been impacted by technological advancements in two significant ways: the rising demand for packaging in e-commerce and the integration of sensors and other technologies into packaging materials. E-commerce has brought forth new packaging concerns such as product safety, unpacking experiences, anti-counterfeiting measures, optimization for final delivery, and a growing interest, especially among major e-commerce retailers, in merging primary and secondary packaging.
• The growing demand for paper-based packaging as a sustainable alternative to plastic packaging is contributing to market growth. Carton board has a low carbon footprint compared to other packaging materials, which has increased its popularity among manufacturers. The use of carton board packaging for pharmaceutical applications is growing as it provides a high moisture barrier and good surface properties for printing.
• In recent years, the price of paper has soared due to factors like increasing demand, availability issues, and other market changes in the pulp and paper industry. Also, the supply shortages of paper due to disruptions in the supply chain, including raw material shortages and transportation problems, can hamper product availability. This supply-demand imbalance significantly escalated paper prices, highlighting the industry's challenges influenced by economic recovery and supply chain dynamics.

Carton Board Industry Segmentation

Carton board is a type of container made from paperboard and is extensively used for secondary and tertiary packaging. The study covers the carton board market tracked in terms of value. The report analyzes the factors that impact geopolitical developments in the market based on the prevalent base scenarios, key themes, and end-user industries-related demand cycles.

The carton board market is segmented by grade (solid bleached sulfate, solid unbleached sulfate, folding boxboard, white-lined chipboard, liquid packaging board, food service board, and other grades), end-user industry (beverage, food, pharmaceutical and healthcare, cosmetics and toiletries, tobacco, and other end-user industries), and geography (North America (the United States and Canada), Europe (the United Kingdom, Germany, Italy, France, Spain, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia and New Zealand, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, and the Rest of Latin America), and the Middle East and Africa (United Arab Emirates, Saudi Arabia, South Africa, Egypt, and the Rest of the Middle East and Africa)). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.