Finland Containerboard Market is Expected to Reach USD 1.50 Billion by 2030

27-Sep-2024

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The growing e-commerce activities within the nation is driving the Finland containerboard market growth during the forecast period.

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, according to new research by Next Move Strategy Consulting.

The growth of e-commerce in country is substantially fueling the Finland containerboard market expansion. As consumers increasingly opt for online shopping, there is a growing need for containerboards that can 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 demand for containerboard. As the e-commerce landscape evolves, the need for reliable packaging solutions solidifies containerboard's importance in the market.

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 Finland containerboard market growth in the coming years.

Request for a sample here: https://www.nextmsc.com/finland-containerboard-market/request-sample

Several key 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.

Key Insights from Finland Containerboard Market Report:

  • The information related to key drivers, restraints, and opportunities and their impact on the Finland 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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