The global Containerboard market is forecast to reach USD 665.85 Billion by 2027, according to a new report by Reports and Data. Containerboard is a thick paper material consisting of a compressed layer of paper pulp. It is extensively used for packaging as its easy-to-open, and reseal packaging designs provide benefits to them and end-users. Besides, it is environmentally friendly and can be recycled. Retailers and product manufacturers also enjoy great benefits from Containerboard packaging. It can be placed, stored, and displayed effectively on retail shelves. The most important properties of Containerboard, the driving force of the market, are its recyclability, its reusability, and its durability. Also, the growing awareness of ecological conservation makes consumers inclined to use Containerboard. Besides, high-resolution graphics and two-sided printing of Containerboard can enhance the brand promotion of products. Therefore, various product manufacturers choose it as packaging material.
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Competitive Landscape:
Nippon Paper Industries Co., Ltd., ITC Limited, Mondi plc, Metsa Group, International Paper Company, Smurfit Kappa Group plc, South African Pulp Paper Industries Limited (Sappi Limited), Stora Enso Oyj, Rock-Tenn Company, and Oji Holding Corporation have been profiled in the report. They are the major manufacturers of the product.
The players operating in the market have undertaken several strategies related to the market in the period 2017-2020. The key highlight is:
- Oji Holdings recently announced plans to start a new containerboard machine at GSPP, located in Malaysia. The machine will produce liners and corrugated Containerboard with an annual capacity of 450,000 tonnes. The investment amounts to around USD 0.33 million. Commercial commissioning of the machine is scheduled for April 2021.
Market Overview:
The packaging industry is rapidly expanding in terms of revenue in the recent years, and is expected to register rapid revenue CAGR throughout the forecast period of 2020 to 2027. Rapid revenue growth is attributed to factors such as rising global population, changing lifestyle, increasing disposable income and rapid growth of the e-commerce sector. Increasing penetration of internet, social media, improving standard of living and rapid growth in the doorstep deliveries are some other factors boosting global market revenue growth. In addition, various manufacturers are focusing on offering sustainable packaging to cater to rising environmental concerns. Local dealers are focusing on innovative packaging to attract consumers.
Key questions addressed in the report:
- What size is the global Containerboard market expected to reach over the forecast period?
- Which revenue CAGR is the global market expected to register throughout the forecast period?
- Which factors are expected to hamper global market growth during the forecast period?
- Which key factors are expected to driver global Containerboard market throughout the forecast period?
- Which application segment is expected to register fastest revenue CAGR between 2020 and 2027?
- Which region is expected to register fastest revenue CAGR throughout the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
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Global Containerboard Market Segmentation:
Type Outlook:
- Containerboard
- Containerboard
Applications Outlook:
- Food and Beverages
- Non-Durable Goods
- Durable Goods
- Graphic Printing
Regional Analysis covers:
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- Italy
- K.
- Rest of EU
- Asia Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- Middle East Africa
- Saudi Arabia
- South Africa
- A.E
- Rest of MEA
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