30-Sep-2024
The increasing e-commerce sector across the country is driving the Norway containerboard market growth demand during the forecast period.
Norway Containerboard Market size was valued at USD 1.01 billion in 2023 and is predicted to reach USD 1.32 billion by 2030, with a CAGR of 3.58% from 2024 to 2030. In terms of volume the market size was 818 kilotons in 2023 and is projected to reach 1249 kilotons in 2030, with a CAGR of 5.48% from 2024 to 2030, according to new research by Next Move Strategy Consulting.
Norway’s containerboard market is experiencing substantial growth, fueled by the rapid expansion of e-commerce sector. With increasing consumer preference for online shopping, there is a corresponding rise in the need for packaging materials such as containerboard to facilitate the shipment and delivery of goods purchased through digital platforms. According to the latest data, the proportion of internet users in Norway involved in online shopping steadily increased from 92% in 2022 to 93% in 2023, indicating a continued preference among a growing number of Norwegians for using online platforms to purchase goods or services. This dynamic shift in consumer behaviour is poised to shape the future path of the containerboard market in Norway.
However, the proliferation of alternative packaging materials such as plastics, metals, glass, and composites that presents a potential challenge to Norway containerboard market 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 Norway containerboard 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 Market is expected to drive substantial Norway containerboard market growth in the coming years.
Several key players operating in the Norway containerboard industry include Essity Norway, Nordic Paper , Smurfit kappa, Norwegian Paper Holding, Hamburger Containerboard, Kongsberg Packaging AS, DS Smith, Berco AS, Kartonage AS, Ranheim Paper & Board AS, and others.
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 Norway containerboard 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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