The containerboard sector is a crucial part of the global packaging industry, providing the materials necessary for the creation of corrugated boxes and other packaging solutions. As the world becomes more focused on sustainable and eco-friendly practices, this industry is constantly evolving to meet the demands of consumers and businesses alike.
What Does Containerboard Mean?
Containerboard is a type of paperboard that is primarily used to make corrugated cardboard boxes and packaging materials. It is made by combining several layers of kraft paper, which is a type of paper that is produced from wood pulp using the kraft process.
7 Interesting Facts about Containerboard Industry
In this article, we will explore some interesting facts about the containerboard sector, from its current trends and innovations:
1. Containerboard is made from recycled materials
Most containerboard today is made from recycled paper fibers, such as old corrugated containers, mixed office paper, and newsprint. This makes it an environmentally friendly option for packaging, as it reduces waste and the need for new materials.
2. The containerboard sector is a major contributor to the global packaging industry
The global packaging industry is projected to reach a value of over $1 trillion by 2026, with the containerboard sector playing a significant role in this growth. In 2020, the global market for containerboard was valued at $145.5 billion, with Asia Pacific being the largest regional market.
3. Digital printing is revolutionizing the containerboard industry
Digital printing technology has enabled the creation of custom, high-quality graphics on corrugated boxes and other packaging solutions. This allows companies to create unique and eye-catching packaging designs, which can help increase brand recognition and sales.
4. Containerboard is a sustainable packaging option
As mentioned earlier, containerboard is made from recycled materials, making it a sustainable packaging option. Additionally, it is lightweight and easy to transport, reducing carbon emissions associated with shipping. At the end of its life cycle, containerboard can also be recycled again, creating a closed-loop system. Over 90% of all corrugated boxes are recycled, making it one of the most recycled materials in the world.
5. The containerboard sector is constantly innovating
As consumer demand for sustainable and eco-friendly packaging solutions grows, the containerboard sector is constantly innovating to meet these needs. This includes the development of new materials, such as biodegradable and compostable packaging options, as well as the use of renewable energy sources to power production facilities.
6. The Asia Pacific dominates the market with a strong market share
The Asia Pacific region is the largest and fastest-growing market for containerboard, driven by rising demand from emerging economies such as China and India.
7. Linerboard dominates the market on the basis of its type
Linerboard is the largest segment of the global containerboard market, accounting for the majority of the market share. This is due to the high demand for linerboard in the production of corrugated boxes.
Containerboard Market Analysis and Challenges
As per RationalStat’s market intelligence report, the global containerboard market is expected to grow at a CAGR of 2.5% during the forecast period of 2023-2030. The growth of the global containerboard market is driven by several factors, including the increasing demand for sustainable packaging materials, the growth of the e-commerce industry, and the rising demand for packaged food and beverages.
The global containerboard market faces several challenges, including the volatility of raw material prices, the increasing competition from alternative packaging materials such as plastic, and the environmental concerns associated with the production and disposal of containerboard.
The containerboard sector is an important part of the global packaging industry, with a long history of innovation and sustainability. As the world becomes more focused on environmental responsibility, this industry will continue to evolve and provide new solutions for businesses and consumers alike.
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Co-founder and Director at RationalStat
Divyanshu is an experienced market research consultant. He helps growth-driven organizations and entrepreneurs understand market entry prospects, industry assessment, and grow their revenue strategically.