PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1236071
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1236071
Global Containerboard Market is valued at approximately USD 126.66 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 2.4% over the forecast period 2022-2029. Corrugated case material (CCM), is a type of packaging material that is extensively used due to its qualities, which include being lightweight, having a high grammage, and being adaptable, containerboard. Corrugated medium and linerboard (facing) are its two basic components (fluted paper). The surging demand for processed and packaged foods, increasing initiatives for environmental concerns, coupled with rapid industrialization are the primary factors that are stipulating the market demand across the globe.
The rising shipments through e-commerce are acting as a key driving factor for global market growth. According to Statista, in 2021, it is estimated that retail e-commerce sales around the world were estimated to account for USD 5,211 billion, which is projected to grow and reach USD 8,148 billion by the year 2026. Therefore, the growing need for packaging across the e-commerce sector is directly associated with market growth in the estimated years. Moreover, rising emergence of sustainable packaging solutions, as well as the growing initiatives by key market players are presenting various lucrative opportunities over the forecasting years. However, availability of alternative packaging solutions and regulations by government on the use of natural resources are challenging the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Containerboard Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The Asia Pacific dominated the market in terms of revenue and is expected to grow with the highest CAGR owing to the rising inclination towards ready-to-make and packaged foods & beverages, increasing working population, along with rapid industrialization activities. Whereas, North America is expected to grow with the highest growth rate during the forecast period, owing to factors such as the development of the cosmetics & personal care market and growing focus on the usage of sustainable products for packaging in the market space.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable