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. |
At Next Move Strategy Consulting, we understand that insightful market research is the cornerstone of successful business decisions. That's why we employ a robust and multifaceted approach, combining various methodologies to deliver the most accurate and actionable data for our clients.
Research Landscape
We navigate the world of research with two primary approaches:
Qualitative Approach
Our qualitative research methodologies involve immersive techniques such as in-depth interviews, focus groups, and observational studies. By engaging directly with individuals and stakeholders, we uncover valuable insights that quantitative data alone may overlook.
Quantitative Research
In tandem with qualitative methodologies, NMSC leverages the power of Quantitative Research to provide a robust foundation of numerical insights. Through systematic data collection and analysis, we quantify patterns, preferences, and market trends, offering a comprehensive view of the business landscape.
Our quantitative research approach employs diverse tools, including surveys, experiments, and statistical modelling. These methodologies enable us to gather data from a large and representative sample, ensuring the statistical significance of our findings. By employing structured questionnaires and standardized data collection methods, we guarantee the reliability and validity of the information we present to our clients.
Quantitative research is particularly effective in measuring the prevalence of trends, assessing market size, and gauging the impact of various factors on consumer behavior. The numerical precision attained through this approach equips our clients with actionable insights, facilitating data-driven decision-making and strategy formulation.
Our Specialized Toolbox for Industry-Specific Market Research
We deploy a specialized arsenal of techniques tailored to meet your unique requirements. Here's a glimpse into our comprehensive toolbox:
Information Procurement
The stage entails acquiring market data or relevant information through various sources and methodologies.
Market Research Approach
We utilize both top-down and bottom-up approaches in market research analysis to achieve a comprehensive understanding of the market dynamics, leveraging the broad perspective of industry trends and macroeconomic factors alongside detailed insights from specific segments and individual companies.
Porters Five Forces Analysis
We conduct Porter's Five Forces analysis to evaluate the competitive landscape of an industry, providing us with insights into factors that affect profitability and strategic positioning.
SWOT Analysis
We conduct SWOT analysis to understand market trends, identify potential threats, capitalize on opportunities, and assess our strengths and weaknesses.
Forecasting
We utilize a forecasting model to predict future consumption by considering parameters like population, economics, regulations, market competition, drivers, constraints, technology, and pricing. We also employ statistical techniques such as multilinear regression, exponential smoothing, moving average, ARIMA, and Monte Carlo simulations for accurate predictions. In econometric forecasting, we analyzed short-term and long-term event impacts, attributing values based on regulatory frameworks, economic factors, and market events.
Frequently Asked Questions
Download Free Sample
Speak to Our Analyst
Related Report
Related Blogs
Industry Giants Securing 70 percentage of the Cold Pipe Insulation Market – What Sets Them Apart
Next Move Strategy Consulting forecasts a notable upsurge in...
Norsk Hydro Asa, Leading the Aluminium Sector With Around 28 Percentage Share – Here is Why
The aluminium market is expected to see a remarkable gr...
Exploring Closed Cell Crosslinked Foams: Advancements in Aerospace Applications
Introduction: Closed cell crosslinked foams have emerged...
