Containerboard is widely used for packaging different durable and non-durable goods. Containerboard packaging is a lighter, stronger, more durable, and cost-effective alternative to conventional packaging materials. Containerboard is classified into two broad categories such as recycled containerboard and virgin containerboard, which are produced using modified paper machines with a capacity for higher grammage (grammage is used to measure the mass of the product in the pulp and paper industry).
Technavio’s analysts forecast the containerboard market in North America to grow at a CAGR of 2.42% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the containerboard market in North America for 2016-2020. To calculate the market size, the report considers the revenue generated by vendors from the manufacture and sales of containerboard for different end-use applications.Technavio's report, Containerboard Market in North America 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Containerboard Market in North America 2016-2020
Technavio recognizes the following companies as the key players in the containerboard market in North America: International Paper, WestRock, Georgia-Pacific, PCA, and KapStone.
Other Prominent Vendors in the market are: Amcor, Buckeye Corrugated, Cascades, Corrugated Supplies Company, Greif, Kruger Packaging, Pratt Industries, Riverside Paper, Shillington Box Company, Stephen Gould, Sonoco Products, and U.S. Corrugated.
Commenting on the report, an analyst from Technavio’s team said: “Growing demand for sustainable packaging solutions are gaining traction in the market. Consumer goods manufacturers prefer eco-friendly packaging materials as they promote sustainability. Paper can be recycled up to seven times, which gives corrugated manufacturers an advantage over manufacturers of other packaging products. Therefore, manufacturers are focusing on producing 100% recyclable corrugated boxes.”
According to the report, growing e-commerce industry is anticipated to drive the demand for containerboard in North America. The demand for containerboard in the region is a result of increased shipments of products in the US and Canada via e-commerce platforms. The retail industry in North America was heavily impacted by the sluggish economic growth in the past. However, even with slow economic growth, online retail sales have outpaced major markets in the region in terms of revenue generation.
Further, the report states that the market is witnessing increased competition from the increasing availability of alternate packaging material options. In a convenience-oriented culture, consumers prefer lighter forms of packaging. Other than containerboard, the materials used in packaging are aluminum, glass, plastic, brick carton, and cardboard.
International Paper, WestRock, Georgia-Pacific, PCA, KapStone, Amcor, Buckeye Corrugated, Cascades, Corrugated Supplies Company, Greif, Kruger Packaging, Pratt Industries, Riverside Paper, Shillington Box Company, Stephen Gould, Sonoco Products, U.S. Corrugated.