Containerboard Market Analysis, Growth & Forecast 2032
- Pallavi Garudkar
- 12 hours ago
- 4 min read
The global containerboard market size was valued at USD 132.88 billion in 2023 owing to the rising demand for sustainable packaging worldwide. Containerboards are paperboards used generally for packaging material due to their properties such as lightweight and paperweight, or high grammage. A recently published report by Fortune Business Insights™ titled, “Containerboard Market Size, Share & Industry Analysis, By Material (Virgin, and Recycled), By End-User (Food & Beverage, Personal Care & Cosmetics, Industrial, and Others), and Regional Forecast, 2025-2032,” offers a qualitative and quantitative analysis of the market. The global containerboard market size was valued at USD 138.87 billion in 2024. It is projected to be worth USD 141.43 billion in 2025 and reach USD 166.43 billion by 2032, exhibiting a CAGR of 2.35% during the forecast period.
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What are the Highlights of the Report?
The report offers an extensive overview of the market and highlights the growth drivers, restraints, upcoming opportunities, and possible challenges of the market. It also discusses the table of segmentation based on factors such as material, end-user, and geography with the names of the leading segment and its attributed factors. It also lists the names of players operating in the market and the key strategies adopted by them. Furthermore, the report discusses significant industry developments, current trends prevalent in the market, and other interesting insights that will help investors to make financial and beneficial decisions in the market.
Market Drivers:
Increasing Demand from Pharmaceutical Industries to Boost Growth
With rapid industrialization, there is an increasing need for sustainable packaging from various sectors such as cosmetics, food and beverage, pharmaceutical, personal care, and others. This stands as a major factor in boosting the containerboard market growth. Besides this, the booming food and beverage sector with increasing popularity for ready-to-eat frozen food and convenient food would increase its productivity, thereby demanding more containerboards for package and shipment purposes. This will bode well for the market in the coming years.
On the contrary, regulatory impositions based on the use of nature-friendly resources for the production of containerboards may pose a major challenge for the market players, thereby hampering the overall market size. Nevertheless, the rapidly developing e-commerce industry would aid growth. Apart from that, the rising preference for product-specific corrugated boxes for safety concerns regarding external stress is likely to create lucrative growth opportunities for the market in the forthcoming years.
Segmentaion Analysis:
Which material segment dominates the containerboard market? The recycled material segment dominates the containerboard market. Recycled containerboard is preferred for its sustainability, as it minimizes the need for virgin fibers—reducing deforestation and carbon emissions during production. With rising environmental awareness, both consumers and businesses are prioritizing recyclable and eco-friendly packaging solutions. Additionally, regulatory initiatives, such as the U.S. EPA’s goal to increase paper recycling rates, are driving the use of recycled paper in containerboard production.
Which end-use industry leads the containerboard market? The food & beverage industry holds the largest share in the containerboard market. Containerboard provides excellent protection for a wide range of food items—from dry goods to perishables—while maintaining hygiene and durability during transport. Its moisture resistance and strength make it ideal for packaging food products. Moreover, the growing preference for sustainable and biodegradable packaging aligns with the eco-friendly characteristics of containerboard, as food brands aim to reduce their environmental impact.
Competitive Landscape:
Consolidated Nature of Market will Intensify Competition
The competitive landscape of the market is consolidated in nature with the presence of a bunch of players holding about 20% of the overall production capacity. These include Mondi Group, SCG Packaging Public Company Limited, DS Smith, Lee & Man Paper Manufacturing Ltd., and Smurfit Kappa. Major vendors are investing massively on the research and development of recyclable and water-resistant containerboard products to attract high revenue in the coming years. Besides this, the players are also engaging in collaborative efforts such as agreements and contracts, mergers and acquisitions, joint ventures, and others for gaining a competitive edge in the market.
List of Containerboard Market Manufacturers Include:
Stora Enso
Nine Dragons Paper (Holdings) Limited
Hamburger Containerboard
Georgia-Pacific LLC
Rengo Co., Ltd.
WestRock Company
Oji Fibre Solutions (NZ) Ltd.
International Paper
Smurfit Kappa
Lee & Man Paper Manufacturing Ltd.
DS Smith
SCG PACKAGING PUBLIC COMPANY LIMITED
Mondi Group
Other Players
Key Industry Development:
January 2024: WestRock Company announced plans to build a new corrugated box plant in Pleasant Prairie, Wisconsin, to serve growing demand in the Great Lakes region. The company will close its North Chicago facility once construction is complete.
May 2023: Smurfit Kappa completed the expansion of its Pruszków corrugated plant in Poland, making it the company’s largest and most advanced packaging facility in the country.
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