Australia 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: 18-Sep-2024 | No of Pages: 111 | No. of Tables: 79 | No. of Figures: 44 | Format: PDF | Report Code : MC2652
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Australia Containerboard Market Overview
The Australia Containerboard Market size was valued at USD 3.78 billion in 2023 and is predicted to reach USD 5.55 billion by 2030, with a CAGR of 5.33% from 2024 to 2030. In terms of volume, the market size was 4330 kilotons in 2023 and is projected to reach 7445 kilotons in 2030, with a CAGR of 7.30% 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 boxboards 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 Rising Adoption of Containerboards in Food and Beverage Industry Drives the Market Growth
The containerboard market in Australia is significantly rising due to the country’s thriving food and beverage (F&B) industry. As this sector continues to grow rapidly, there is an increasing need for containerboards to support F&B production and distribution. The Australian food and beverage, grocery, and fresh produce manufacturing industry contribute significantly to the economy, with a total economic value of USD 114 billion.
The food and beverage processing industry, in particular, accounts for USD 91.6 billion, highlighting its pivotal role in Australia's economic landscape. This surge in the F&B industry is driving the market, as manufacturers seek reliable and eco-friendly packaging solutions to meet the growing demand for their products.
The Increasing E-commerce Activities Within the Country is Driving the Demand for Containerboards
The rise of the e-commerce sector in the region is significantly driving the Australia containerboard market demand. Containerboard is essential for supporting the shipping and delivery of online purchases due to its ability to withstand the rigors of shipping and protect products during transit.
According to the International Trade Administration, Australia's retail spending reached USD 242 billion in 2022, with e-commerce accounting for USD 45 billion, representing 18% of total spending and indicating a modest 1.7% increase from the previous year. The growing influence of e-commerce on Australia's market underscores the need for innovative packaging solutions to meet the demands of online retail effectively.
The Presence of Alternative Materials Restrain the Australia 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 the Australia containerboard 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 Creates Australia Containerboard Market Expansion
The Australia containerboard market trends is expected to experience significant growth opportunities 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 in Australia, driving its growth and expansion in the years to come. With these advancements driving innovation, the sector is poised for significant growth in the upcoming years.
Competitive Landscape
Several market players operating in the Australia containerboard industry includes Visy Industries Holdings Pty Ltd, Abbe Corrugated Pty. Ltd., WestRock Company, Oji Fibre Solutions (Aus) Pty. Ltd., Australian Corrugated Packaging, Nippon Paper Industries Co., Ltd, Smurfit Kappa, DS Smith, Berry Global, Pact Group Holdings, and others.
Australia 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
-
Visy Industries Holdings Pty Ltd
-
Abbe Corrugated Pty. Ltd.
-
WestRock Company
-
Oji Fibre Solutions (Aus) Pty. Ltd.
-
Australian Corrugated Packaging
-
Nippon Paper Industries Co., Ltd
-
Smurfit Kappa
-
DS Smith
-
Berry Global
-
Pact Group Holdings
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size In 2023 |
USD 3.78 Billion |
|
Revenue Forecast In 2030 |
USD 5.55 Billion |
|
Growth Rate (Value) |
CAGR of 5.33% from 2024 to 2030 |
|
Market Volume in 2023 |
4330 kilotons |
|
Volume Forecast in 2030 |
7445 kilotons |
|
Growth Rate (Volume) |
CAGR of 7.30% 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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