The U.S. 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: 03-Oct-2024 | No of Pages: 112 | No. of Tables: 79 | No. of Figures: 44 | Format: PDF | Report Code : MC2642
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The U.S. Containerboard Market Overview
The U.S. Containerboard Market size was valued at USD 26.89 billion in 2023 and is predicted to reach USD 33.49 billion by 2030, with a CAGR of 2.89% from 2024 to 2030. In terms of volume the market size was 34131 kilotons in 2023 and is projected to reach 49576 kilotons in 2030, with a CAGR of 4.75% 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 Growing Manufacturing Sector Within the Country Drives the Growth of the U.S. Containerboard Market
The growth of the manufacturing sector is driving the U.S. containerboard market expansion. 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.
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), according to the National Institute of Standards and Technology.
The diversification of manufacturing activities, with a prominent presence of computer and electronic products, chemical manufacturing, food, beverage, and tobacco products, and motor vehicles, trailers, and parts, is driving the demand for cutting-edge and eco-friendly containerboard packaging solutions.
The Increasing E-commerce Activities Across the Nation is Driving the Demand for Containerboards
The U.S. containerboard market growth is increasing rapidly due to the rise of e-commerce, driven by the need for robust and reliable packaging materials that withstands transportation and meet consumer demands for sustainability and customization.
According to the 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. 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 behavior, the demand for containerboard is expected to remain strong, 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.
The Presence of Alternative Materials Restrain the U.S. 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 U.S. 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 U.S. 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 the U.S. containerboard industry includes International Paper Company, WestRock Company, Packaging Corporation of AmericaKapStone, Paper and Packaging Corporation, Menasha Corporation, Georgia-Pacific LLC, Western Container Company, Emenac Packaging, Larsen Packaging Products, Inc., Classic Packaging Corp., and others.
The U.S. 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
-
International Paper Company
-
WestRock Company
-
Packaging Corporation of AmericaKapStone
-
Paper and Packaging Corporation
-
Menasha Corporation
-
Georgia-Pacific LLC
-
Western Container Company
-
Emenac Packaging
-
Larsen Packaging Products, Inc.
-
Classic Packaging Corp.
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size In 2023 |
USD 26.89 Billion |
|
Revenue Forecast In 2030 |
USD 33.49 Billion |
|
Growth Rate (Value) |
CAGR of 2.89% from 2024 to 2030 |
|
Market Volume in 2023 |
34131 kilotons |
|
Volume Forecast in 2030 |
49576 kilotons |
|
Growth Rate (Volume) |
CAGR of 4.75% 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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