Allied Market Research

2024

Containerboard Market

Containerboard Market Size, Share, Competitive Landscape and Trend Analysis Report by Material, by Type and by End-user : Global Opportunity Analysis and Industry Forecast, 2023-2032

MC : Advanced Materials

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Author's: | Eswara Prasad
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Containerboard is a type of paperboard which is used for the manufacturing of corrugated boards. Basically, containerboard includes two parts, namely, linerboard and corrugating medium (fluted paper). It is also known as Corrugated Case Material (CCM) and is frequently used as a packaging material owing to its properties such as lightweight, versatile, and high grammage. Linerboard made from virgin pulp is known as kraftliner, whereas recycled linerboard is called testliner. The corrugated medium can be recycled into medium or virgin, also called semi-chemical medium depending on the type of the pulp used in the production process. This containerboard is manufactured in the paper industry and paper mill across the various country. After the manufacturing of containerboards, it is cut into a roll (width of 2.5 m, diameter of 1.45 m and weighs around 3,000 kg) containing along sheet of paper which later can be unwound in the corrugate machine for further production of different byproducts. The end use application of the containerboard in the production of lined paper, paper towels, papier-mache, cardboard, tissues, notebooks, watercolor paper, paper money, beverage cartons.

COVID-19 Impact analysis

  • During the pandemic, almost all the industry sector were temporarily on halt, which has resulted in less consumption of containerboard which is used in the packaging of various finished goods in these industries, which in turn has adverse impact on the demand in the containerboard market.
  • The COVID-19 pandemic totally has hampered various sectors due to the inconvenience of lockdowns in numerous countries across the globe. During these lockdowns, a few limitations have been set on industrial operations. Besides, major containerboard manufacturing enterprises like paper industry and paper mills have stopped their production factories.
  • The containerboard market is expected to witness a slowdown, owing to decline in demand and supply chain disruptions due to the global COVID-19 outbreak.

Top Impacting Factors

Containerboards are majorly used for the manufacturing of corrugated boxes. The demand for corrugated boxes is extensively useful for the packaging of food & beverages, glassware, chemicals, electronics, and consumer products. The growth of the food & beverage industry has created more demand globally. The changing lifestyle and increasing preference of consumers towards ready-to-eat, frozen foods, and packaged foods have led to the growth of the food & beverage industry. Hence, leading to the containerboard market growth. In addition, the rapid development of the e-commerce industry is also increasing the growth rate, on account of the use of product-specific corrugated boxes, to protect the product from damage and deliver the product in the safe. A critical factor hampering the growth of the market is the regulations imposed by the government on the exploitation of raw minerals. The manufacturing of virgin containerboards involves the use of virgin wood fiber, which creates a burden on the atmosphere. The production of these boards not only exploits natural sources but also emits toxic greenhouse gases, thereby adding up to the price. The regulations imposed by the government on the cutting of trees are also affecting the market growth. Hence, the above factors may inhibit the growth of the market.
Market Trends

  • In June 2021, Smurfit Kappa, one of the largest integrated manufacturers of paper-based packaging products operating in Europe and the Americas, has acquired the Cartones del Pacifico, a leading paper-based packaging company in Peru in order to increase its footprint in Latin America.
  • In march 2020, Brazilian paper company Klabin has acquired the International Paper which led to the expansion of the market and is expected to increase the demand for the containerboard.
  • May 2018 – ND Paper LLC a subsidiary of Nine Dragons Paper (Holdings) Ltd., acquired mills from Catalyst Paper located in Rumford, Maine and Biron, Wisconsin. The Catalyst Paper sold its U.S. operations to ND Paper for USD 175 million.
  • June 2018 – Mondi Group completed the acquisition of Powerflute, a division of Nordic Packaging and Container Holdings for USD 398 million. Powerflute operates a paper & pulp mill in Finland, with an annual production capacity of 285 KT of semi-chemical fluting. The business will get integrated into Mondi’s Packaging Paper business unit.

Key Benefits of the Report

  • This study presents the analytical depiction of the containerboard industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the containerboard market share.
  • The current market is quantitatively analyzed to highlight the containerboard market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed containerboard market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the containerboard Report

  • Who are the leading market players active in the containerboard market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
  • Which Government regulations might challenge the status of key regional markets?
  • What are the key barriers to enter for the new players in the market?
  • What value proposition should businesses aim at while making new research and development funding?

Containerboard Market Report Highlights

Aspects Details
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By Material
  • Virgin Fibers
  • Recycled Fibers
  • Virgin + Recycled Fibers
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By Type
  • Kraftliners
  • Testliners
  • Flutings
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By End-user
  • Food and Beverage
  • Consumer Goods
  • Others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, Germany, France, Spain, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

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

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Containerboard Market

Global Opportunity Analysis and Industry Forecast, 2023-2032