The Containerboard Market is being driven by Booming e-commerce industry
The Containerboard Market is expected to grow at a CAGR of 2.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 25.4 billion. In the evolving industrial landscape of the twenty-first century, sustainability has become a paramount consideration for manufacturing and consumption processes. This trend, often referred to as Industry 4.0 or the fourth industrial revolution, has brought about significant advancements and enhancements in the packaging sector. One such development poised to make a substantial impact on the global containerboard market is the adoption of flexible packaging. Flexible packaging, characterized by its malleable nature, offers numerous advantages over traditional containerboards. These advantages include enhanced safety and extended shelf life, heating and barrier protection, ease of use, high resale value, and superior printability. As consumer preferences lean towards convenience and customization, the demand for flexible packaging is projected to grow exponentially over the forecast period. This shift towards flexible packaging is expected to significantly influence the global containerboard market dynamics.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
220 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 2.9% |
Market growth 2025-2029 |
USD 25.4 billion |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
2.7 |
Key countries |
China, US, Japan, India, South Korea, UK, Germany, France, Canada, and Australia |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Containerboard Market encompasses various grades, each with distinct board stiffness, flute profile, and sheet formation, influenced by fiber orientation, bond strength, water resistance, and tear strength. Folding endurance and packaging performance are crucial for supply chain management and inventory control. Production capacity, cost optimization, energy efficiency, and environmental impact are key considerations. Sustainable practices include forest management, waste management, emission reduction, water usage, fiber sourcing, and process automation. Digital printing, flexible packaging, material science, and recycling technology are innovative advancements.
The containerboard market, a segment of the broader global paper and plastic packaging products and materials market, encompasses the production of linerboard, fluting medium, corrugated board, and kraft paper. Paper packaging, including these containerboard products, is a cost-effective and eco-friendly solution for protecting, preserving, and transporting various goods. Key advantages of paper packaging include its lightweight nature, biodegradability, and recyclability. Containerboard categories consist of packaging boards, kraft paper, and other packaging papers. Meanwhile, plastics are extensively utilized in packaging applications for products like food, beverages, oil, and more due to their performance, durability, and cost-effectiveness. The plastic packaging market offers various grades and material combinations, such as polyvinyl chloride, polypropylene, polyethylene, and others, depending on the specific requirements of the product being transferred.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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UK: +44 203 893 3200
Email: media@technavio.com
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