North 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: 02-Nov-2024 | No of Pages: 133 | No. of Tables: 92 | No. of Figures: 57 | Format: PDF | Report Code : MC2640
North America Containerboard Market Overview
North America Containerboard Market size was valued at USD 36.89 billion in 2023 and is predicted to reach USD 46.77 billion by 2030, with a CAGR of 3.15% from 2024 to 2030. In terms of volume the market size was 46242 kilotons in 2023 and is projected to reach 68296 kilotons in 2030, with a CAGR of 5.00 % 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 Increasing E-commerce Activities Across the Region is Driving the Demand for Containerboards
The rise of e-commerce has significantly bolstered the North- America containerboard market growth. This is fueled by increased demand for shipping containers and packaging materials to accommodate the surge in online shopping activities.
E-commerce platforms rely heavily on containerboard for durable and cost-effective packaging solutions, driving manufacturers to expand production capacities and innovate packaging designs. This trend underscores containerboard's pivotal role in meeting the logistical and packaging needs of the burgeoning e-commerce sector across North America.
The Rising Adoption of Containerboards in Food and Beverage Industry Within the Region Drives the Growth of the North America Containerboard Market
The growth of the food and beverage industry is a significant factor driving the North America containerboard market expansion. As consumer demand for packaged goods continues to rise, so does the need for sturdy and reliable packaging solutions including containerboard.
This market growth is propelled by the increasing consumption of packaged food and beverages, which require efficient and sustainable packaging materials. Containerboard, known for its strength and versatility, meets these demands effectively, making it a preferred choice in the packaging industry amidst North America's thriving food and beverage sector.
The Presence of Alternative Materials Restrain the North America Containerboard Market Growth
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 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 market, driving its growth and expansion in the years to come. With these advancements driving innovation, the market is poised for significant growth in the upcoming years.
The U.S. Dominates the North America Containerboard Market Share
The U.S. market is growing rapidly due to the rise of e-commerce, driven by the need for robust and reliable packaging materials that can withstand transportation and meet consumer demands for sustainability and customization. According to U.S. Department of Commerce, U.S. e-commerce sales in the first quarter (Q1) of 2024 reached USD 289.2 billion, reflecting a 2.1% increase from the previous quarter (Q4) of 2023.
Notably, e-commerce sales now account for 15.9% of total retail sales in the U.S., highlighting the continued rise of online shopping. As e-commerce continues to transform consumer behaviour, the demand for containerboard is expected to remain strong.
The ongoing evolution of consumer habits through e-commerce is anticipated to sustain a robust demand for containerboard, fueling innovation and growth in the packaging sector as manufacturers strive to create more efficient and eco-friendly solutions to cater to the changing requirements of online retail.
Moreover, the expansion of the manufacturing sector is a significant factor driving the growth of the U.S. market. As manufacturing activities increase across various industries, the demand for packaging materials, particularly containerboard, rises correspondingly. Manufacturers need reliable and durable packaging solutions to protect products during storage and transportation. This growth is evident in several key industries, including electronics, automotive, pharmaceuticals, and consumer goods.
Each of these sectors requires specialized packaging to ensure product integrity and safety. The U.S. manufacturing sector contributed USD 2.3 trillion to the economy in 2022, representing 11.4% of the total Gross Domestic Product (GDP), as reported by the National Institutes of Standard and Technology.
The U.S. manufacturing sector is characterized by a prominent presence of computer and electronic products, closely followed by chemical manufacturing, food, beverage, and tobacco products, and motor vehicles, trailers, and parts. This diversification of manufacturing activities is driving the demand for cutting-edge and eco-friendly containerboard packaging solutions.
Canada to Witness Substantial Growth in the North America Containerboard Market with a Projected CAGR of 4.10%
The expansion of the food and beverage industry is a significant driver of the Canada 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, along with the growth of export markets, further boosts the need for robust packaging.
The Canadian food and beverage processing industry emerged as the leading manufacturer in 2022, generating USD 115.6 billion in value of goods produced, which accounted for 18.2% of total manufacturing sales nationwide, according to Agriculture and Agri-Food Canada.
As this industry continues to expand and diversify, innovative and sustainable containerboard solutions will be pivotal in ensuring food safety, product quality, and efficient distribution channels.
Moreover, the Canada market 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 of USD 133.69 billion from 2017 when exports amounted to USD 299.89 billion, 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 paramount to meet the evolving needs of a globalized marketplace.
Competitive Landscape
Several key market players operating in the North America containerboard industry include International Paper, WestRock Company, Smurfit Kappa Group plc, Nine Dragons Paper (Holdings) Limited, DS Smith plc, Packaging Corporation of America, Graphic Packaging International, Rengo Co., Ltd., Stora Enso, Greif, Inc., and others.
North America 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
By Country
-
The U.S.
-
Canada
-
Mexico
Key Players
-
International Paper
-
WestRock Company
-
Smurfit Kappa Group plc
-
Nine Dragons Paper (Holdings) Limited
-
DS Smith plc
-
Packaging Corporation of America
-
Graphic Packaging International
-
Rengo Co., Ltd.
-
Stora Enso
-
Greif, Inc.
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size In 2023 |
USD 36.89 Billion |
|
Revenue Forecast In 2030 |
USD 46.77 Billion |
|
Growth Rate (Value) |
CAGR of 3.15% from 2024 to 2030 |
|
Market Volume in 2023 |
46242 kilotons |
|
Volume Forecast in 2030 |
68296 kilotons |
|
Growth Rate (Volume) |
CAGR of 5.00% from 2024 to 2030 |
|
Analysis Period |
2023-2030 |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
Market Size Estimation |
Billion (USD) |
|
Growth Factors |
|
|
Countries Covered |
3 |
|
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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