China 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: 16-Sep-2024 | No of Pages: 112 | No. of Tables: 79 | No. of Figures: 44 | Format: PDF | Report Code : MC2646
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China Containerboard Market Overview
The China Containerboard Market size was valued at USD 39 billion in 2023 and is predicted to reach USD 50 billion by 2030, with a CAGR of 3.30% from 2024 to 2030. In terms of volume the market size was 60313 kilotons in 2023 and is projected to reach 90534 kilotons in 2030, with a CAGR of 5.24% 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 recycled paperboards 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, 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 E-commerce Activities within the Country is Driving the China Containerboard Market Demand
The rapid expansion of e-commerce in China significantly increased the demand for shipping boxes and packaging materials. As the world's largest online retail market, China sees substantial growth in its cross-border e-commerce sector. In 2023, e-commerce exports surged to USD 257.56 billion, a 19.6% increase from the previous year.
This boom in online shopping necessitates efficient packaging solutions to ensure effective packaging and delivery, thereby driving the growth of the containerboard market in the country. As e-commerce continues to thrive, the demand for paper-based packaging is expected to remain robust.
The Rising Adoption of Containerboards in Food and Beverage Industry Drives the Growth of the Market
The rising food and beverage industry is another significant driver for the China containerboard market trends. The industry demands robust and dependable packaging solutions to ensure the safe transportation and extended shelf life of a diverse range of products.
In 2021, the output of major beverage producers in China increased by 12% year-over-year to exceed 183 million tons. Additionally, beverage production in December 2022 reached 13.59 million tons, an 8.3% increase compared to the previous year. This growth in the food and beverage sector highlights the increasing need for effective packaging, thus propelling the China containerboard market growth.
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 China containerboard market share for corrugated 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 China containerboard market growth is expected to surge significantly 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 market players operating in the China containerboard industry include Guangzhou Packoi Printing Co, Ltd., Qingdao Deyin Packing Co., Ltd., Shanghai Huixiong Packaging Co., Ltd., Ningbo Eastsun Paper Products Co., Ltd., Nine Dragons, Rengo Co, Ltd., Daio Paper, Nippon Paper Industries Co., Ltd., Lee & Man Paper Manufacturing Ltd., WestRock Company, and others.
China Containerboard Market Key Segments
By Material
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Virgin Fibres
-
Recycled Fibres
-
Mixed Fibres
By Type
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Linerboard
-
Kraftliner
-
Testliner
-
-
Flutting
By Wall Type
-
Single Face
-
Single Wall
-
Double Wall
-
Triple Wall
By End-User
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Food and Beverage
-
Personal Care and Cosmetics
-
Consumer Electronics
-
Others End-User
Key Players
-
Guangzhou Packoi Printing Co, Ltd.
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Qingdao Deyin Packing Co., Ltd.
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Shanghai Huixiong Packaging Co., Ltd.
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Ningbo Eastsun Paper Products Co., Ltd.
-
Nine Dragons, Rengo Co, Ltd.
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Daio Paper, Nippon Paper Industries Co., Ltd.
-
Lee & Man Paper Manufacturing Ltd.
-
WestRock Company
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size In 2023 |
USD 39.00 Billion |
|
Revenue Forecast In 2030 |
USD 50.00 Billion |
|
Growth Rate (Value) |
CAGR of 3.30% from 2024 to 2030 |
|
Market Volume in 2023 |
60313 kilotons |
|
Volume Forecast in 2030 |
90534 kilotons |
|
Growth Rate (Volume) |
CAGR of 5.24% 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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