Latin America 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: 113 | No. of Tables: 79 | No. of Figures: 44 | Format: PDF | Report Code : MC2662
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Latin America Containerboard Market Overview
The Latin America Containerboard Market size was valued at USD 2.47 billion in 2023 and is predicted to reach USD 2.66 billion by 2030, with a CAGR of 0.71% from 2024 to 2030. In terms of volume the market size was 3346 kilotons in 2023 and is projected to reach 4191 kilotons in 2030, with a CAGR of 2.54% 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 corrugated packaging 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 fiberboards 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 Surge in Global Trades Drives the Latin America Containerboard Market Growth
In Argentina, global trade serves as a significant driver of the Latin America containerboard market. As the country actively engages in international commerce, exporting a variety of goods to global markets, the demand for containerboard as a packaging solution experiences a notable surge.
According to recent reports published by OEC, Argentina's total exports surged to USD 87.2 billion in 2022, ranking it as the 47th largest exporter globally, with a significant increase of USD 27.6 billion over the past five years, from USD 59.5 billion in 2017.
As Argentina continues to strengthen its presence in the global market, the need for reliable and efficient packaging materials such as containerboard is expected to remain strong, presenting opportunities for growth and innovation within the containerboard industry.
The Increasing E-commerce Activities Across the Nation is Driving the Demand for Containerboards in Latin America
In Brazil, the rapid growth of e-commerce is a significant factor driving the Latin America containerboard market. The increasing popularity of online shopping created a strong demand for dependable and cost-effective packaging solutions. Containerboard fulfills this need due to its durability and affordability, effectively protecting products during delivery. According to the International Trade Administration, Brazil, the largest economy in Latin America, is witnessing rapid growth in e-commerce.
The sector is expected to exceed USD 200 billion by 2026, with a projected annual growth rate of 14.3%. This necessitates a broader range of containerboard box sizes and designs to accommodate the diverse products being sold, from small electronics to large furniture.
The Presence of Alternative Materials Restrain the Latin America Containerboard 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 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 Significant Opportunity Growth
The Latin America 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 Latin America 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 Latin America containerboard industry includes Suzano SA, Klabin, Celulosa Argentina SA, Rigolleau SA, Cristalerias de Chile SA, Packagingbox Corporation, Allbox Packaging, VolleBox, Envaterm Packaging, Anchor Packaging, and others.
Latin America Containerboard Market Key Segments
By Material
-
Virgin Fibres
-
Recycled Fibres
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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
-
Suzano SA
-
Klabin
-
Celulosa Argentina SA
-
Rigolleau SA
-
Cristalerias de Chile SA
-
Packagingbox Corporation
-
Allbox Packaging
-
VolleBox
-
Envaterm Packaging
-
Anchor Packaging
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size In 2023 |
USD 2.47 Billion |
|
Revenue Forecast In 2030 |
USD 2.66 Billion |
|
Growth Rate (Value) |
CAGR of 0.71% from 2024 to 2030 |
|
Market Volume in 2023 |
3346 kilotons |
|
Volume Forecast in 2030 |
4191 kilotons |
|
Growth Rate (Volume) |
CAGR of 2.54% 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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