Canada 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: 02-Nov-2024 | No of Pages: 112 | No. of Tables: 79 | No. of Figures: 44 | Format: PDF | Report Code : MC2655
Canada Containerboard Market Overview
The Canada Containerboard Market size was valued at USD 5.53 billion in 2023 and is predicted to reach USD 7.48 billion by 2030, with a CAGR of 4.10% from 2024 to 2030. In terms of volume the market size was 5863 kilotons in 2023 and is projected to reach 9240 kilotons in 2030, with a CAGR of 5.98% 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.
Containerboards 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 kraft paper boards 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 Growth of the Market
The expansion of the food and beverage industry in Canada is a significant driver of the containerboard market. As production and distribution in this sector increase, there is a rising need for reliable, hygienic, and durable packaging solutions to ensure product safety during transportation and storage.
Consumer demand for convenience foods and ready-to-eat meals, coupled with the growth of export markets, further amplifies the demand for robust packaging. According to Agriculture and Agri-Food Canada, the Canadian food and beverage processing industry emerged as the leading manufacturer in 2022, generating USD 115.6 billion in the value of goods produced, that accounted for 18.2% of total manufacturing sales nationwide.
As this industry continues to expand and diversify, innovative and sustainable containerboard solutions play a crucial role in ensuring food safety, product quality, and efficient distribution channel.
The Surge in Global Trades Drives the Growth of the Containerboard Market in the Region
The Canada containerboard market trends is significantly influenced by global trade dynamics. As Canada actively participates in international commerce, exporting a diverse array of goods, the demand for containerboard as a packaging solution experiences a notable upsurge.
With products traversing vast distances to reach international markets, the necessity for robust packaging materials becomes paramount to ensure the safe transportation and delivery of goods. In 2022, Canada ranked 9th globally for exporting goods, with a total value of USD 433.58 billion, reflecting a substantial increase from USD 299.89 billion in 2017, as reported by OEC. As international trade continues to flourish and product diversification expands, the need for innovative and sustainable containerboard packaging solutions will be crucial to meet the evolving needs of a globalized marketplace.
The Presence of Alternative Materials Restrain the Market Expansion
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 Canada containerboard market share for sustainable 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 Canada 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 Canada containerboard market, 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 Canada containerboard industry include Cascades Inc, Planet Paper Box Inc., Canadian Corrugated and Containerboard Association, Atlantic Packaging, Royal Containers, International Paper Company, DS Smith, Berry Global, Ball Corporation, Coveris Holdings S.A., and others.
Canada 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
-
Cascades Inc.
-
Planet Paper Box Inc.
-
Canadian Corrugated and Containerboard Association
-
Atlantic Packaging
-
Royal Containers
-
International Paper Company
-
DS Smith
-
Berry Global
-
Ball Corporation
-
Coveris Holdings S.A.
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size In 2023 |
USD 5.53 Billion |
|
Revenue Forecast In 2030 |
USD 7.48 Billion |
|
Growth Rate (Value) |
CAGR of 4.10% from 2024 to 2030 |
|
Market Volume in 2023 |
5863 kilotons |
|
Volume Forecast in 2030 |
9240 kilotons |
|
Growth Rate (Volume) |
CAGR of 5.98% 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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