Finland Containerboard Market by Material (Virgin Fibres, Recycled Fibres, and Mixed Fibres), by Type (Linerboard and Flutting), by Wall Type (Single Face, Single Wall, Double Wall, and Triple Wall), and by End-User (Food and Beverage, Consumer Electronics, Personal Care and Cosmetics, and Others End-User) – Opportunity Analysis and Industry Forecast, 2024–2030
Industry: Materials and Chemical | Publish Date: 26-Sep-2024 | No of Pages: 112 | No. of Tables: 79 | No. of Figures: 44 | Format: PDF | Report Code : MC2681
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Finland Containerboard Market Overview
The Finland Containerboard Market size was valued at USD 1.12 billion in 2023 and is predicted to reach USD 1.50 billion by 2030, with a CAGR of 3.89% from 2024 to 2030. In terms of volume the market size was 923 kilotons in 2023 and is projected to reach 1441 kilotons in 2030, with a CAGR of 5.80% from 2024 to 2030.
The containerboard market refers to the segment of the paper industry that produces a type of paperboard specifically designed for the manufacturing of corrugated boxes and packaging materials This encompasses the production, distribution, and consumption of containerboard products by various industries for packaging purposes.
Containerboards are durable and strong paperboard which is primarily recycled from old corrugated containers (OCC) and mixed paper, as well as virgin fibres obtained from wood pulp. These fiberboards offer numerous advantages, including their strength and durability, which ensures reliable protection for products during transit and storage, significantly reducing the risk of damage.
Moreover, these containerboards offer a lightweight feature which minimizes shipping costs and environmental impact. Its versatility allows for customization to meet diverse packaging needs, from small boxes to large containers.
The Increasing Trade Activities Within the Country is Driving the Finland Containerboard Market Demand
Finland's expansion in trade activities is boosting the demand for dependable packaging solutions that ensure the safe and efficient transportation of goods across borders, propelling growth in the country's containerboard market.
In 2022, Finland's export figures reached a staggering USD 127.83 billion, showcasing a substantial year-over-year rise from the 2021 value of USD 116.76 billion. This continued demand for reliable packaging solutions is expected to further boost the market in Finland, as the country maintains its status as a key hub for international trade and commerce. The need for durable and protective packaging to support the growing volume of exports underscores the critical role of containerboard in facilitating Finland's robust trade activities.
The Growing E-commerce Activities Across the Nation is Driving the Finland Containerboard Market Growth
The growth of the e-commerce industry in Finland is substantially fueling the Finland containerboard market expansion. As consumers increasingly opt for online shopping, there is a growing need for containerboards that effectively safeguard goods during transportation.
According to the European E-Commerce Report, in 2023, the percentage of internet users engaging in online purchases of goods or services reached 81%, further underscoring the significant role of e-commerce in driving the demand for containerboards.
The increasing volume of online transactions necessitates reliable packaging solutions to ensure products arrive safely at their destinations, solidifying the importance of containerboard in the evolving e-commerce landscape. As e-commerce continues to thrive, the Finland containerboard market is expected to grow, driven by the need for innovative and sustainable packaging solutions.
The Presence of Alternative Materials Restrain the Market Growth
The rise of alternative packaging materials such as plastics, metals, glass, and composites pose a potential challenge to the demand for containerboard. These substitutes could threaten containerboard, especially if they offer cost advantages or superior performance in specific applications.
Innovative advancements in plastic, metal, glass, or composite materials may lead to their increased adoption by industries traditionally reliant on containerboard, potentially resulting in a loss of the Finland containerboard market share for sustainable packaging products, particularly where alternative materials offer unique benefits.
Additionally, the increasing focus on sustainability and environmental concerns may further drive the shift towards eco-friendly and recyclable alternatives, prompting containerboard manufacturers to adapt by developing more sustainable products to meet evolving consumer and regulatory demands.
The Integration of Nanotechnology and Smart Packaging in Containerboard Creates Market Opportunity
The Finland containerboard market trends is expected to experience significant growth as it incorporates emerging technologies such as nanotechnology and smart packaging. These advancements enable the development of high-performance, cost-effective, and versatile containerboard products with enhanced customization and branding capabilities.
Additionally, the integration of nanotechnology and smart packaging solutions will allow for the creation of containerboard products with advanced features such as active protection and real-time monitoring.
This fusion of technology and innovation will unlock new opportunities for the market, driving its growth and expansion in the years to come. With these advancements driving innovation, the containerboards sector is poised for significant growth in the upcoming years.
Competitive Landscape
Several market players operating in the Finland containerboard industry include International Paper Company, Stora Enso, Mondi Group, Smurfit Kappa, WestRock Company, Holmen, Oji Holdings, Amcor Plc, Lee & Man Paper Manufacturing Ltd., Nippon Paper Industries Co., Ltd., and others.
Finland Containerboard Market Key Segments
By Material
-
Virgin Fibres
-
Recycled Fibres
-
Mixed Fibres
By Type
-
Linerboard
-
Kraftliner
-
Testliner
-
-
Flutting
By Wall Type
-
Single Face
-
Single Wall
-
Double Wall
-
Triple Wall
By End-User
-
Food and Beverage
-
Personal Care and Cosmetics
-
Consumer Electronics
-
Others End-User
Key Market Players
-
International Paper Company
-
DS Smith
-
Graphic Packaging International
-
LGR Emballages Reine
-
Hamburger Containerboard
-
4B Packaging
-
Smurfit Kappa
-
Belpax
-
Huhtamaki la Rochelle
-
Crown Packaging
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size In 2023 |
USD 1.12 Billion |
|
Revenue Forecast In 2030 |
USD 1.50 Billion |
|
Growth Rate (Value) |
CAGR of 3.89% from 2024 to 2030 |
|
Market Volume in 2023 |
923 kilotons |
|
Volume Forecast in 2030 |
1441 kilotons |
|
Growth Rate (Volume) |
CAGR of 5.80% from 2024 to 2030 |
|
Analysis Period |
2023–2030 |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
Market Size Estimation |
Billion (USD) |
|
Growth Factors |
|
|
Companies Profiled |
10 |
|
Market Share |
Available for 10 companies |
|
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
|
Pricing And Purchase Options |
Avail customized purchase options to meet your exact research needs. |
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