Rising e-commerce sector across the globe along with the growing adoption of containerboards in food & beverage industry drives the containerboard market demand

According to the Next Move Strategy Consulting, the global Containerboard Market is valued at USD 138.04 billion in 2023, and is expected to reach USD 177.18 billion by 2030, with a CAGR of 3.3% from 2024 to 2030. 

The rapid growth of online shopping significantly increased the demand for shipping boxes and packaging materials which drives the demand for containerboard. As more consumers embrace online shopping, there is a notable rise in the number of products being delivered directly to their doorsteps.

According to the International Trade Administration (ITA), global B2B ecommerce sales are projected to reach USD 36 trillion by 2026, while global B2C ecommerce revenue is expected to grow to USD 5.5 trillion by 2027 at a 14.4% compound annual growth rate.

This surge in e-commerce is anticipated to fuel continued expansion within the containerboard sector, compelling manufacturers to innovate and develop increasingly durable packaging solutions to meet the evolving demands of the rapidly transforming retail landscape.

Moreover, the food & beverage industry are experiencing rapid expansion which drives the demand for sustainable containerboard packaging solutions. Companies in this sector are seeking flexible and environmentally friendly options that adhere to strict sustainability standards and regulations while maintaining product quality. 

Containerboard packaging offers advantages such as recyclability, use of renewable materials, and excellent preservation abilities, making it an attractive choice. The food and beverage industry holds substantial economic influence globally, as evident in the UK, where it surpassed the automotive and aerospace sectors in 2022. In India, the industry is projected to reach USD 535 billion by FY 2025-26, underscoring the vital role of containerboard packaging in meeting the diverse needs of this dynamic industry.

However, the containerboard industry faces challenges due to the growing use of alternative packaging materials such as plastics, metals, glass, and composites, which offer advantages such as lower costs, better performance, or unique benefits. On the contrary, the containerboard market is expected for substantial growth as it incorporates emerging technologies including nanotechnology and smart packaging. 

These advancements enable the development of high-performance, cost-effective, and versatile containerboard products with enhanced customization and branding capabilities. The integration of nanotechnology and smart packaging solutions will allow for the creation of containerboard products with advanced features, including active protection and real-time monitoring. This fusion of technology and innovation will unlock new opportunities for the containerboard market growth, driving its demand and expansion in the years to come.

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According to the report, leading key players in the containerboard industry include International Paper, Westrock Company, Smurfit Kappa Group Plc, Nine Dragons Paper (Holdings) Limited, DS Smith Plc, Packaging Corporation of America, Graphic Packaging International, Rengo Co., Ltd, Stora Enso, and Greif, Inc. among others. These market players are adopting strategies such as acquisition, product launch and partnership across various regions to maintain their dominance in the containerboard market. 

For instance, in April 2024, Rengo Co., Ltd. acquired RM Tohchello Co. through an absorption-type merger, integrating the Packaging Solution business of SunTox Co., Ltd. and Mitsui Chemicals Tohcello, Inc. This acquisition aims to further develop Rengo's flexible packaging business and enhance its capabilities in the industry.

Also, in March 2024, DS Smith launched DryPack, a sustainable, fibre-based packaging solution in the U.S. market, targeting seafood processors to replace plastic containers. It is the only containerboard seafood box approved for air freight, significantly reducing space and enhancing sustainability.

Furthermore, in March 2024, Greif, Inc. collaborated with CDF Corporation to introduce a creative restructuring of its GCUBE intermediate bulk container (IBC) for the transportation of sterile products. This pioneering solution is created to fulfill the distinct needs of the pharmaceutical and biotechnology sectors.

Key Insights from the Containerboard Market Report:

• The information related to key drivers, restraints, and opportunities and their impact on the containerboard market is provided in the report.

• The value chain analysis in the containerboard market study provides a clear picture of the role of each stakeholder.

• The report provides an analysis of the containerboard market share and competitive landscape of key players in the industry.