Singapore 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: 85 | No. of Figures: 46 | Format: PDF | Report Code : MC2654
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Singapore Containerboard Market Overview
Singapore Containerboard Market size was valued at USD 2.47 billion in 2023 and is predicted to reach USD 3.73 billion by 2030, with a CAGR of 5.76% from 2024 to 2030. In terms of volume the market size was 3911 kilotons in 2023 and is projected to reach 6927 kilotons in 2030, with a CAGR of 7.75% 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 Rising E-commerce Activities Across the Nation Drives Demand for Containerboards
Singapore containerboard market growth is heavily influenced by the e-commerce. As online shopping becomes more popular, there is an increasing demand for packaging materials to support the shipping and delivery of goods. Containerboard, known for its strength and versatility, is preferred for its ability to withstand the rigors of shipping and protect products during transit.
The Singaporean e-commerce market experienced a gross merchandise volume of USD 8.2 billion in 2022 and is projected to reach USD 11 billion by 2025. This rapid growth in e-commerce is driving the demand for containerboard and other packaging materials in Singapore.
The Increasing Trade Activities Within the Country is Driving the Demand for Containerboards
Robust trade activities in Singapore are significantly boosting the demand for efficient goods transportation, thereby fueling Singapore containerboard market expansion. Containerboard is highly valued for its essential qualities such as durability and versatility, ensuring that products are well-protected during transit.
According to recent reports from the Economic Survey of Singapore, in 2022, Singapore's merchandise exports and imports saw significant growth, increasing by 15.6% and 20.1%, respectively. This underscores the importance of containerboard in Singapore's packaging industry, where it plays a crucial role in supporting the efficient movement of goods across borders.
The Presence of Alternative Materials Restrain the Singapore 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 Singapore Containerboard 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.
Competitive Landscape
Several key market players operating in the Singapore containerboard industry includes AGS International, Sonoco Asia Management Co LLC, Carton Box Supply Pte Ltd, Singapore Cartons Pte Ltd, Unipack Pte Ltd, WestRock Company, International Paper Company, Stora Enso, Graphic Packaging International, Amcor, and others.
Singapore Containerboard Market Key Segments
By Material
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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
-
AGS International
-
Sonoco Asia Management Co LLC
-
Carton Box Supply Pte Ltd
-
Singapore Cartons Pte Ltd
-
Unipack Pte Ltd
-
WestRock Company
-
International Paper Company
-
Stora Enso
-
Graphic Packaging International
-
Amcor
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size In 2023 |
USD 2.47 Billion |
|
Revenue Forecast In 2030 |
USD 3.73 Billion |
|
Growth Rate (Value) |
CAGR of 5.76% from 2024 to 2030 |
|
Market Volume in 2023 |
3911 kilotons |
|
Volume Forecast in 2030 |
6927 kilotons |
|
Growth Rate (Volume) |
CAGR of 7.75% 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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