Research Nester published a report titled “Containerboard Market: Global Demand Analysis & Opportunity Outlook 2033” which delivers a detailed overview of the global containerboard market in terms of market segmentation by fiber type, type, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, and supply and demand risk, along with a detailed discussion of current and future market trends that are associated with the growth of the market.
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The global containerboard market is projected to grow at a CAGR of ~3% by attaining revenue of ~USD 150 billion during the forecast period, i.e., 2023 – 2033. Escalation in the production and consumption of the containerboard is further estimated to propel the market growth over the forecast period. As of 2021, approximately 170 million tons of containerboard were produced globally. Additionally, growing glassware export worldwide is also projected to hike the market growth over the forecast period. In 2020, the total export of glassware was anticipated to be around USD 25 billion.
Additionally, by fiber type, the global containerboard market is segmented into virgin and recycled fiber. Out of these sub-segments, the recycled fiber segment is estimated to obtain the largest share of the market during the forecast period. The growth of the segment can be accounted to the increasing awareness of climate change. The cardboard recycling rate was estimated to grow by 85% in 2020.
Furthermore, the global containerboard market, by region, is bifurcated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Out of these regions, the market in the Asia Pacific region is estimated to grow at a rapid pace over the forecast period on the back of significant growth in the ready-to-make and packaged food consumers. As of 2022, the total value generated by the ready-to-eat meals segment was estimated to be about USD 300 billion in the Asia Pacific.
The research is global in nature and covers a detailed analysis of the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook, etc. have also been covered and displayed in the research report.
Increasing Prevalence of Online Purchasing to Foster the Growth of the Market
As of 2020, over 2.5 billion people ordered required goods online.
The modern era is based on the internet and people are more inclined to buy goods online than any other medium. Since the provider has to send the item to its consumer, he needs to make sure it doesn’t get damaged in its way. To avoid the possibility of such damage, cardboards become very important. Hence, the growth of the market is also anticipated to be interlinked with the rising online purchasing. Therefore, such factors are anticipated to propel the growth of the market during the forecast period.
However, a disrupted supply chain due to covid-19 and the requirement for higher initial investment are expected to operate as a key restraint to the growth of the global containerboard market over the forecast period.
This report also provides the existing competitive scenario of some of the key players in the global containerboard market which includes company profiling of Cascades Inc., Smurfit Kappa Group, Cheng Loong Corp., Svenska Cellulosa Aktiebolaget SCA, Stora Enso Oyj, Nasdaq Helsinki Oy, Georgia-Pacific LLC, Molex, LLC, International Paper Company, and Mondi plc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global containerboard market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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