The UK 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: 19-Sep-2024 | No of Pages: 111 | No. of Tables: 79 | No. of Figures: 44 | Format: PDF | Report Code : MC2667
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The UK Containerboard Market Overview
The UK Containerboard Market size was valued at USD 5.35 billion in 2023 and is predicted to reach USD 5.87 billion by 2030, with a CAGR of 1.03% from 2024 to 2030. In terms of volume the market size was 6002 kilotons in 2023 and is projected to reach 7696 kilotons in 2030, with a CAGR of 2.89% 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 Rising Adoption of Containerboards in Food and Beverage Industry Across the Country Drives the Growth of the Market
The thriving food and beverage sector in the UK is another key driver of the containerboard market. As the largest manufacturing sector in the country, surpassing even the automotive and aerospace industries, the food and drink industry was valued at USD 39.68 billion in output, reflecting an 8.0% increase from 2021.
The need for efficient and eco-friendly packaging solutions to support increased production and diversification in this sector further propels the demand for containerboard, fostering market growth.
The Increasing E-commerce Activities Within the Nation is Driving the UK Containerboard Market Growth
The rapid expansion of e-commerce in the UK significantly drives the UK containerboard market growth. As the third-largest e-commerce market globally, the UK is projected to reach USD 285.60 billion in revenue by 2025.
This substantial growth, marked by a 36% increase in online sales in 2022, leads to a heightened demand for reliable and efficient packaging solutions, particularly corrugated boxes essential for shipping products directly to consumers.
The Presence of Alternative Materials Restrain the UK 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 UK containerboard market 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 UK containerboard industry includes International Paper Company, Mondi Group, DS Smith, Stora Enso, WestRock Company, Belmont Packaging Ltd, Berry Global, Silgan Holdings Inc, Atlas Packaging Limited, Clifton Packaging Group, and others.
The UK 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 Players
-
International Paper Company
-
Mondi Group
-
DS Smith
-
Stora Enso
-
WestRock Company
-
Belmont Packaging Ltd
-
Berry Global
-
Silgan Holdings Inc
-
Atlas Packaging Limited
-
Clifton Packaging Group
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size In 2023 |
USD 5.35 Billion |
|
Revenue Forecast In 2030 |
USD 5.87 Billion |
|
Growth Rate (Value) |
CAGR of 1.03% from 2024 to 2030 |
|
Market Volume in 2023 |
6002 kilotons |
|
Volume Forecast in 2030 |
7696 kilotons |
|
Growth Rate (Volume) |
CAGR of 2.89% 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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