Middle East 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) – Global Opportunity Analysis and Industry Forecast, 2024–2030
Industry: Materials and Chemical | Publish Date: 17-Sep-2024 | No of Pages: 112 | No. of Tables: 79 | No. of Figures: 44 | Format: PDF | Report Code : MC2663
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Middle East Containerboard Market Overview
Middle East Containerboard Market size was valued at USD 1.84 billion in 2023 and is predicted to reach USD 2.11 billion by 2030, with a CAGR of 1.69% from 2024 to 2030. In terms of volume the market size was 2249 kilotons in 2023 and is projected to reach 3015 kilotons in 2030, with a CAGR of 3.54% 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 containerboard 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 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 Surge in Global Trades Drives the Growth of the Middle East Containerboard Market in the Region
In Turkey, the containerboard market is significantly influenced by the expansion of global trade. With international commerce on the rise, there is an increasing demand for reliable and durable packaging solutions such as containerboard. Essential for producing corrugated cardboard boxes, containerboard plays a critical role in safely transporting goods over long distances to various global markets.
Turkey's total exports reached USD 262 billion in 2022, positioning it as the 29th largest exporter worldwide. Over the past five years, Turkey's exports have grown substantially by USD 90.8 billion, from USD 171 billion in 2017 to USD 262 billion in 2022. As both exports and imports volumes continue to rise, businesses in Turkey increasingly rely on robust packaging solutions to maintain product integrity during transit.
The Increasing E-commerce Sector across the Region is Driving the Demand for Containerboards
The rapid growth of e-commerce in Saudi Arabia is a significant driver of the containerboard market. The surge in online shopping has increased the demand for robust packaging solutions, with containerboard playing a crucial role in producing corrugated cardboard boxes that ensure safe product transportation and delivery.
As e-commerce platforms expand and online transactions rise, the need for reliable packaging solutions including containerboard continues to grow. According to the International Trade Administration, Saudi Arabia's e-commerce sector is self-assured for further expansion, with projections indicating that the number of Saudi internet users engaged in e-commerce will reach 33.6 million by the end of 2024, reflecting a 42% increase from 2019.
The Presence of Alternative Materials Restrain the Middle East Containerboard Market Growth
The rise of alternative packaging materials such as plastics, metals, glass, and composites pose a potential challenge to the demand for middle east containerboard market. 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 Market Opportunity
The 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 Middle East containerboard market growth and expansion in the years to come. With these advancements driving innovation, the market is poised for significant growth in the upcoming years.
Competitive Landscape
Several key market players operating in Middle East containerboard industry includes Takween Advanced Industries Co., Infinya Ltd, Saudi Printing & Packaging Company, BMJ INDUSTRIES FZ-LLC , EMIRATES TECHNOPACK (L.L.C), Al Kifah Paper Products Co., EasternPak Ltd., Saudi Pack, GS Packaging, Banawi Corrugated Packaging Co. Ltd., and others.
Middle East 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
-
Takween Advanced Industries Co.
-
Infinya Ltd
-
Saudi Printing and Packaging Company
-
BMJ INDUSTRIES FZ-LLC
-
EMIRATES TECHNOPACK (L.L.C)
-
Al Kifah Paper Products Co.
-
EasternPak Ltd.
-
Saudi Pack
-
GS Packaging
-
Banawi Corrugated Packaging Co. Ltd.
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size In 2023 |
USD 1.84 Billion |
|
Revenue Forecast In 2030 |
USD 2.11 Billion |
|
Growth Rate (Value) |
CAGR of 1.69% from 2024 to 2030 |
|
Market Volume in 2023 |
2249 kilotons |
|
Volume Forecast in 2030 |
3015 kilotons |
|
Growth Rate (Volume) |
CAGR of 3.54% 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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