Global Containerboard Market Forecast, Trend Analysis And Competition Tracking - Global Market insights 2015 to 2031

Global Containerboard Market Introduction:

Containerboard is a paper-based packaging material made of long sheets of paper fiber. It is used for wrapping and packaging food products, notably candy bars and other snack products. The cellulose fibers in the containerboard are strong enough to hold the shape of the product during transportation and storage and protect it from damage such as crushing or puncture.

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Containerboard has many advantages when compared to other papers. It is more durable, less susceptible to odors, and can be used in microwave ovens. The paper does not contain any chemicals, which makes it environmentally friendly. It is also easier to recycle than most papers because of its lack of coatings or coating ingredients. The Containerboard is becoming more and more popular within the packaging industry due to its recyclability, stiffness and high production rates. With the increasing demand for containerboard worldwide, we can see a corresponding increase in the market size, which will be driven by the development of this specific product and general developments in manufacturing.

The top ten containerboard producing countries for 2016, as reported by the World Federation of Paper and Cardboard Boxes, are China, Japan, North Korea, India, Indonesia, USA, Thailand, Vietnam, Taiwan and Canada.

The primary challenge in containerboard production is the development of productive and sustainable materials because it is difficult to find raw materials that are both economically accessible and environmentally friendly. The primary challenge can be narrowed down to one specific challenge, namely ecological sustainability because it is the most pressing.

Global Containerboard Market Revenue Outlook:

The global Containerboard market was valued at US$ 162.7 Bn in 2020 and is projected to register а САGR of 4.1% by 2031.

Increasing demand for containerboard in the packaging industry

Containerboard is used in the packaging industry to provide durable, long-lasting containers for products. Containerboard is typically made from a combination of recycled paper fibers and virgin paper fibers, including hardwood fiber. Recycled paper provides the fiber needed to make strong but flexible containers, while the hardwood fibers are used to provide additional strength. The demand for containerboard is increasing because of increased consumer expectations for sustainable products.

The increase in global e-commerce and export activities is expected to promote the development of the containerboard market. The cardboard is stackable, can withstand top pressure and side pressure, and resist pressure. It has the ability to resist shock, drop and vibration damage, and can be customized to increase safety. This characteristic makes it the preferred packaging material for transporting everything from electronics to fragile glassware to industrial and residential perishable goods. The convenience of frozen meals and convenience foods has led to an increase in containerboard consumption globally. These ready-to-eat meals are typically freeze-dried, vacuum packed or microwavable. Consumers can store these meals in the freezer for later consumption without the inconvenience of cooking.

Key Challenges Faced By Containerboard Production

The three key challenges faced by containerboard production are as follows:

1. The conversion process leads to a 10 to 20% loss in material, which is a large cost factor.
2. Waste from the pulping process is difficult to manage and dispose of, which increases costs.
3. The need for storing large volumes of fibre and chips for processing increases costs.

Containerboard is a paper product that is made of various pulps, like wood and cotton fiber. This paper manufacturing process can result in significant pollution, which has led some countries to introduce new regulations about the use of natural resources. These restrictions are expected to push down demand for containerboard and limit its revenue growth. Containerboard manufacturers will be forced to pay an additional tax on the amount of pulp they use and export their containerboard production outside of the country.

COVID-19 impact on the Packaging Industry

Packaging companies need to cope with the challenges of increasing demand while coping with resource shortages and supply chain disruptions. Many of the most important industries in the UK rely on it because PPE needs to be delivered safely during the pandemic, supermarket shelves need to maintain sufficient inventory, and important industries from technology to construction need supplies. However, Covid-19 pandemic forced many parts of the supply chain to close overnight, either through business closures, lockdowns, or workers who need to self-quarantine after testing positive for the virus. The recycling industry that provides materials for plastic and cardboard packaging has been severely disrupted.

Regional Analysis

North America  is leading the target market and is expected to have a significant market share, among other regions

The North America region is leading the containerboard market. The United States has the most production of containerboard, with an output of 2.7 million metric tons in 2016. As a comparison, Canada is responsible for 2.1 million metric tons, and Mexico produces 1.9 million metric tons of containerboard per year.

The United States is one of the world's major exporters of containerboard paper, especially corrugated and kraft boxes. Compared with other regions, the country's material and manufacturing costs are cheaper. The country's focus on sustainable development is also a factor in the manufacture of high-container board. The increase in awareness and initiative in the recycling process has also prompted suppliers to increase investment in the researched market.

Competitive Landscape

Key leading players operating in the Global Containerboard Market include:

• International Paper
• Georgia-Pacific LLC
• Oji Fibre Solutions (NZ) Ltd
• Mitsubishi Corporation Packaging Ltd.
• Nine Dragons Paper (Holdings) Limited
• Smurfit Kappa Group
• Sappi Ltd.
• Cascades Inc.
• Svenska Cellulosa Aktiebolaget SCA
• Other Key Industry Players

Report Scope

• Forecast Period: 2022-2031
• Actual Year: 2021
• Historical Data Available for: 2015-2020

Key Regions Covered

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Segments Covered

Containerboard Market, By Material

• Virgin Fibers
• Recycled Fibers
• Hybrid (Virgin + Recycled Fibers)

Containerboard Market, By Type

• Kraftliners
• Testliners
• Flutings
• Other Types

Containerboard Market, By End-Use Industry

• Food and Beverage
• Consumer Goods
• Industrial
• Other End-Use Industries