India 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 : MC2649
India Containerboard Market Overview
The India Containerboard Market size was valued at USD 3.09 billion in 2023 and is predicted to reach USD 4.04 billion by 2030, with a CAGR of 3.61% from 2024 to 2030. In terms of volume the market size was 5455 kilotons in 2023 and is projected to reach 8362 kilotons in 2030, with a CAGR of 5.56% 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 fiberboards 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 Trade Activities Across the Country is Driving the Demand for Containerboard
The containerboard market in India is expanding due to increasing trade activities in the country. With India's exports on the rise, there is a growing demand for reliable packaging solutions. Containerboard emerges as a key player in meeting this demand, offering durability and versatility for packaging various products destined for global markets.
According to OEC World reports, India's exports have witnessed remarkable growth over the past five years, propelling the country to become the world's 15th largest exporter by 2022. The total value of India's exports surged by USD 159 billion during this period, climbing from USD 309 billion in 2017 to USD 468 billion in 2022. This significant growth underscores a substantial expansion in India's export volume, highlighting the pivotal role of containerboards in the country's packaging industry.
The Increasing E-commerce Sector Within the Nation is Driving the India Containerboard Market Growth
The Indian containerboard market is significantly fueled by the rapid expansion of the e-commerce sector in the country. As online shopping continues to gain popularity, the demand for containerboard to support the surge in digital transactions increases, providing packaging solutions for a diverse range of products sold online.
According to the Ministry of Commerce and Industry, the Indian e-commerce sector is poised for rapid growth, with projections indicating that it will reach a staggering USD 300 billion by 2030. This substantial expansion will be driven by increasing consumer adoption of online shopping and advancements in digital payment systems, further solidifying the importance of containerboard in the Indian packaging industry.
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 India 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 in Containerboard Creates Market Opportunity
The India 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 India containerboard market trends, 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 India containerboard industry includes Trident Packaging, TCPL Packaging Ltd, TGI Packaging Pvt. Ltd, Kapco Packaging, ITC Paperboards and Specialty Papers Division, Corropack Industries, Canpac Trends Pvt. Ltd., SK Packaging, Nine Dragons, Ball Corporation, and others.
India 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
-
Trident Packaging
-
TCPL Packaging Ltd
-
TGI Packaging Pvt. Ltd
-
Kapco Packaging
-
ITC Paperboards and Specialty Papers Division
-
Corropack Industries
-
Canpac Trends Pvt. Ltd.
-
SK Packaging
-
Nine Dragons
-
Ball Corporation
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size In 2023 |
USD 3.09 Billion |
|
Revenue Forecast In 2030 |
USD 4.04 Billion |
|
Growth Rate (Value) |
CAGR of 3.61% from 2024 to 2030 |
|
Market Volume in 2023 |
5455 kilotons |
|
Volume Forecast in 2030 |
8362 kilotons |
|
Growth Rate (Volume) |
CAGR of 5.56% 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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