Taiwan 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: 16-Sep-2024 | No of Pages: 111 | No. of Tables: 79 | No. of Figures: 44 | Format: PDF | Report Code : MC2658
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Taiwan Containerboard Market Overview
Taiwan Containerboard Market size was valued at USD 2.65 billion in 2023 and is predicted to reach USD 4.22 billion by 2030, with a CAGR of 6.55% from 2024 to 2030. In terms of volume the market size was 3597 kilotons in 2023 and is projected to reach 6715 kilotons in 2030, with a CAGR of 8.54% 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 Rising E-commerce Sector Within the Country Drives the Adoption of Containerboards
The e-commerce sector is experiencing a significant surge, which is driving increased demand for Taiwan containerboard market growth. The growth in online shopping leads to a corresponding rise in the need for packaging solutions that can efficiently support the shipping and delivery of goods purchased through digital platforms. According to the Ministry of Economic Affairs (MOEA), Taiwan's e-commerce market expanded by 10.95% in 2022, reaching approximately USD 16.1 billion. This rapid growth is expected to continue driving demand for containerboard and other packaging materials, further solidifying its importance in Taiwan's packaging industry.
Increasing Adoption of Containerboards in Food and Beverage Industry Across the Nation Drives the Growth of the Taiwan Containerboard Market
The growth of food and beverage (F&B) sector is significantly boosting the Taiwan containerboard market expansion. As consumer demand for packaged F&B products increases, there is a growing need for reliable and durable packaging materials such as containerboard, known for its strength and versatility.
Taiwan's F&B market was valued at USD 41 billion in 2022, with a projected moderate growth rate of 3.7% from 2022 to 2027. This growth trajectory is expected to drive the demand for containerboard and other packaging materials, cementing its importance in Taiwan's packaging industry.
The Presence of Alternative Materials Restrain the Taiwan 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 Taiwan 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 Taiwan containerboard industry include YFY Inc., Longchen Paper & Packaging Co., Ltd., Cheng Loong Corporation, Chung Hwa Pulp Corporation, TAIWAN PULP & PAPER CORPORATION, Taidoc Corp, Wapo Corporation, King Yuan Fu Packaging, S Pack Inc., Epopack, and others.
Taiwan 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
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size In 2023 |
USD 2.65 Billion |
|
Revenue Forecast In 2030 |
USD 4.22 Billion |
|
Growth Rate (Value) |
CAGR of 6.55% from 2024 to 2030 |
|
Market Volume in 2023 |
3597 kilotons |
|
Volume Forecast in 2030 |
6715 kilotons |
|
Growth Rate (Volume) |
CAGR of 8.54% 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. |
Key players
-
YFY Inc.
-
Longchen Paper & Packaging Co., Ltd.
-
Cheng Loong Corporation
-
Chung Hwa Pulp Corporation
-
TAIWAN PULP & PAPER CORPORATION
-
Taidoc Corp
-
Wapo Corporation
-
King Yuan Fu Packaging
-
S Pack Inc.
-
Epopac
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