North America Containerboard Market is Expected to Reach USD 46.77 Billion by 2030

27-Sep-2024

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The increasing e-commerce sector across the region is driving the North America Containerboard Market growth demand for containerboards in the region during the forecast period.

North America Containerboard Market size was valued at USD 36.89 billion in 2023 and is predicted to reach USD 46.77 billion by 2030, with a CAGR of 3.15% from 2024 to 2030. In terms of volume the market size was 46242 kilotons in 2023 and is projected to reach 68296 kilotons in 2030, with a CAGR of 5.00% from 2024 to 2030, according to new research by Next Move Strategy Consulting.

The North American containerboard market is experiencing significant growth due to several key factors. The surge in e-commerce, characterized by increased online shopping, has created a strong demand for dependable packaging materials. Containerboard meets this need due to its durability. Furthermore, the expansion of manufacturing across various sectors, such as electronics, automotive, and food, requires specialized packaging to ensure the safe transport of products.

The growth of the food and beverage industry also contributes to this demand, as consumers' preference for convenient, ready-to-eat options necessitates reliable and hygienic packaging solutions that containerboard effectively provides. Additionally, international trade plays a vital role in this market. As North American exports continue to grow, the demand for sturdy containerboard to ensure safe transport over long distances is expected to rise. In conclusion, the North American containerboard market benefits from strong demand driven by e-commerce, manufacturing expansion, growth in the food and beverage sector, and robust international trade dynamics.

However, the proliferation of alternative packaging materials such as plastics, metals, glass, and composites that presents a potential challenge to North America 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 North America 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 North America containerboard market growth in the coming years.

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

Several key players operating in North America containerboard industry include International Paper, WestRock Company, Smurfit Kappa Group plc, Nine Dragons Paper (Holdings) Limited, DS Smith plc, Packaging Corporation of America, Graphic Packaging International, Rengo Co., Ltd., Stora Enso, Greif, Inc., and others.

Key Insights from North America Containerboard Market Report:

  • 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 North America 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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