Global Containerboar

iCrowdNewswire   Jan 12, 2021  10:00 AM ET

35_Global Containerboard Market Key Takeaways

In response to a latest market examine printed by Progress Market Reviews (GMR), titled, “World Containerboard Market by Kind, Finish-user, and Area: Dimension, Share, Developments and Alternative Evaluation, 2017-2027”, the market was valued at USD 167.6 Billion in 2019 and is predicted to develop at a wholesome progress fee of 5.8% by the yr 2027. By way of quantity, the market is estimated to develop at 4.5% throughout the forecast interval. The worldwide containerboard market is anticipated to develop owing to growing desire for eco-friendly packaging materials worldwide. Additional, rising demand for premium packaging, particularly for high-quality shopper merchandise reminiscent of cosmetics and different family merchandise, is propelling the market progress.

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The worldwide containerboard market is fragmented based mostly on sort, end-users, and area. Primarily based on sort, the containerboard market is categorized into kraftliners, testliners, Flutings, and others. On the idea of end-users, the containerboard market is segregated into meals and beverage, shopper items, prescription drugs, industrial, and different end-users. Primarily based on area, the worldwide containerboard market is segmented into North America, Europe, Asia Pacific, Latin America and Center East & Africa (MEA). North America area is additional bifurcated into nations reminiscent of U.S., and Canada. Latin America area is additional segmented into Brazil, Mexico, and Remainder of Latin America, Asia Pacific is additional segmented into, India, China, South Korea, Australia, Japan, and Remainder of Asia Pacific. The Europe area is additional categorized into U.Ok., France, Germany, Italy, Spain, Russia, and Remainder of Europe, and the MEA area is additional divided Saudi Arabia, South Africa, UAE, and Remainder of Center East & Africa (MEA).

In yr 2020, the containerboard market is predicted to witness the sluggish progress on account of COVID 19 pandemic. Current outbreak of Covid-19 has had a serious influence on varied industries reminiscent of journey, hospitality, car, magnificence & cosmetics, meals & drinks, and pharmaceutical. Containerboard is used prominently within the packaging of products by a number of small and large-scale companies. These companies majorly embrace meals & drinks, FMCG, house care, fruits & greens, private care & cosmetics, pharmaceutical, e-commerce, car, electronics & house home equipment, journey, hospitality, and export & logistics. These companies require containerboards for the packaging of their supplies. The latest outbreak of novel corona virus the world over is exhibiting main influence on varied companies. Many nations are strictly following full or a semi lockdown as a result of virus outbreak. This has decreased the demand for varied services and products from prospects throughout totally different nations reminiscent of magnificence & cosmetics merchandise, house care home equipment, and car merchandise. Much less demand for such merchandise has elevated the costs of assorted packaging supplies reminiscent of containerboards.

As per GMR business analyst Akshata Ahire, “The World Containerboard Market is anticipated to witness vital progress throughout forecast interval 2021-2027 pushed by the rising on-line buying particularly within the corrugated sector because it exhibits 80% of demand in e-commerce. Furthermore, growing want for transport and environment friendly packaging of non-public care merchandise to forestall spillage and injury are anticipated to spice up the product. Along with that, rising export of agriculture merchandise is predicted to gasoline the demand for containerboard.

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Key Takeaways from the Research:

  • U.S. based mostly firms reminiscent of Worldwide Paper, WestRock Firm and Packaging Company of America holds roughly one fifth of the market share of worldwide containerboard market in yr 2019.
  • Asia Pacific accounts for a serious share of the market, adopted by Europe. The market in North America is projected to increase at substantial CAGR throughout the forecast interval.
  • Kraftlinear is broadly used to fabricate paper sacks which can be used as flour bag and to bundle shopper items, chemical substances and meals. It has a excessive tensile resistance, which makes it comparatively robust and coarse. Improve in consciousness concerning the atmosphere and rising demand for sustainable packaging options in creating nations is predicted to drive the demand for kraftliner.

Report Scope:

Report Metric

Particulars

Market Worth in 2019

USD 167.6 Billion

Market Progress Fee (from 2021 to 2027)

5.8%

Historic Knowledge

2017 & 2018

Base 12 months

2019

Forecast Interval

2020 – 2027

Items Thought-about

Worth (USD Billion) & Quantity (Million Tons)

Market Segments

By Kind , By Finish-users

Regional Scope

North America, Europe, Latin America, Asia Pacific, Center East & Africa (MEA)

Nation Scope

U.S., Canada, Brazil, Mexico, Remainder of Latin America, India, China, Japan, South Korea, Australia, Remainder of Asia Pacific, U.Ok., France, Germany, Italy, Spain, Russia, Remainder of Europe, Saudi Arabia, South Africa, UAE, and Remainder of MEA.

Key Firms Profiled

Worldwide Paper, Smurfit Kappa, WestRock Firm, 9 Dragons Paper Industries (Dongguan) Co., Ltd., Packaging Company of America, Oji Holdings Company, Mondi, Cascades inc., Greif, Sappi

Customization Scope

Report customization accessible on request

Pricing and Buy Choices

Avail tailored buy choices to satisfy your analysis necessities.

Goal Viewers:

  • Provide-side: Containerboard producers, uncooked materials suppliers, major respondents, and distributors.
  • Demand Facet: Meals and beverage, shopper items, prescription drugs, industrial.
  • Regulatory Facet: Involved authorities authorities, industrial analysis & improvement (R&D) establishments, and different regulatory our bodies.
  • Associations and Trade Our bodies: Corrugated Packaging Alliance (CPA), Worldwide Corrugated Case Affiliation (ICCA), Worldwide Corrugated Packaging Basis (ICPF), Asian Corrugated Case Affiliation (ACCA), Brazilian Affiliation of Corrugated Board (ABPO), AICC Canada, American Forest & Paper Affiliation (AF&PA), The Paper and Packaging Board, Paperboard Packaging Council (PPC), U.S. Division of Transportation, Grocery Producers of America (GMA), and so forth.

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At GMR, we offer our experience and guideline for achievement. Our group of environment friendly and skilled researchers and consultants present progressive market intelligence experiences which can be correct, genuine, and in-depth. This empowers the shoppers to make well-informed choices.

Furthermore, we provide market intelligence research, making certain related and fact-based analysis throughout a spread of industries together with chemical substances and supplies, vitality, car, healthcare, shopper items, and expertise. Our deep understanding of many enterprise environments throughout industries reminiscent of these talked about above permits us to ship tailored experiences.

Contact Data:

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