Norway 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: 02-Nov-2024 | No of Pages: 112 | No. of Tables: 79 | No. of Figures: 44 | Format: PDF | Report Code : MC2683
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Norway Containerboard Market Overview
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.
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.
These 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 boards 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 Cross-border Trade Activities of the Nation is Driving the Demand for Norway Containerboard Market
The Norway containerboard market expansion is experiencing a significant boost, driven by the rapid growth of cross-border trade activities. As businesses engage in more international transactions, involving the import and export of goods to and from Norway, there is a substantial demand for packaging materials such as containerboard to ensure the safe transportation of products across borders.
According to recent reports published by Statistics Norway, cross-border trade in Norway reached USD 227.06 million in the first quarter of 2024, indicating a substantial increase in trade activities. This surge in cross-border trade is expected to continue driving the growth of the market in Norway, as robust and reliable packaging solutions become essential for protecting goods during transit.
The Rising E-commerce Sector Across the Country is Driving the Norway Containerboard Market Growth
Norway containerboard market growth is fueled by the rapid expansion of the 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 behavior is self-assured to shape the future path of the market in Norway, as the demand for durable and efficient packaging solutions continues to rise in alignment with the expanding e-commerce landscape.
The Presence of Alternative Materials Restrain the Norway Containerboard 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 market share for containerboard 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 Expansion
The containerboard market 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 market is poised for significant growth in the upcoming years.
Competitive Landscape
Several key market 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.
Norway 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
-
Essity Norway
-
Nordic Paper
-
Smurfit kappa
-
Norwegian Paper Holding
-
Hamburger Containerboard
-
Kongsberg Packaging AS
-
DS Smith
-
Berco AS
-
Kartonage AS
-
Ranheim Paper & Board AS
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size In 2023 |
USD 1.01 Billion |
|
Revenue Forecast In 2030 |
USD 1.32 Billion |
|
Growth Rate (Value) |
CAGR of 3.58 % from 2024 to 2030 |
|
Market Volume in 2023 |
818 kilotons |
|
Volume Forecast in 2030 |
1249 kilotons |
|
Growth Rate (Volume) |
CAGR of 5.48% 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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