27-Sep-2024
The increasing e-commerce activities within the nation is driving the Italy containerboard market growth during the forecast period.
The Italy Containerboard Market size was valued at USD 2.68 billion in 2023 and is predicted to reach USD 3.28 billion by 2030, with a CAGR of 2.60% from 2024 to 2030. In terms of volume the market size was 2752 kilotons in 2023 and is projected to reach 3930 kilotons in 2030, with a CAGR of 4.49% from 2024 to 2030, according to new research by Next Move Strategy Consulting.
The growth of e-commerce in Italy is driving the expansion of the Italy containerboard market. As online shopping increases, there is a higher demand for packaging materials to ship products, with corrugated boxes being the preferred choice due to their strength and ability to protect items during transit.
According to the International Trade Administration, the e-commerce market in Italy reached an estimated revenue of USD 81.06 billion in 2022, marking a significant milestone in the country's digital commerce landscape. This trend is expected to continue, increasing the demand for packaging materials and expanding the containerboard market further.
However, the proliferation of alternative packaging materials such as plastics, metals, glass, and composites that presents a potential challenge to containerboard demand. These substitutes could undermine containerboard's market position, particularly if they offer cost advantages or superior performance in specific applications. Advances in these materials, especially in sustainability and functionality, may lead to increased adoption across industries traditionally reliant on containerboard, potentially eroding its market share.
On the other hand, the containerboard market anticipates significant growth through the integration of emerging technologies such as nanotechnology and smart packaging. These innovations facilitate the development of cost-efficient, versatile containerboard products that offer enhanced customization and branding opportunities.
Nanotechnology and smart packaging enable features such as active protection and real-time monitoring, further enhancing product appeal and functionality. As these applications continue to evolve and expand, incorporating quantum sensing methods into the industry is expected to drive the Italy containerboard market growth in the coming years.
Several key players operating in the Italy containerboard industry includes DI tielle SRL, International Paper Company, Mondi Group, VPK Group, Galvan Imballaggi, Smurfit Kappa, DS Smith, Seda Italy, Amcor, Fiorini International Italia S.r.l, and others.
The information related to key drivers, restraints, and opportunities and their impact on the Italy containerboard market trends is provided in the report.
The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.
The market share of players in the containerboard market is provided in the report along with their competitive analysis.
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