Containerboard Market Size (2024 - 2029)

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.