Global Containerboard Market 2018-2022
A containerboard is a material used in the packaging industry to manufacture corrugated boxes. The single-ply corrugated board consists of a sheet of corrugating medium between two sheets of linerboard.
Technavio’s analysts forecast the global containerboard market to grow at a CAGR of 3.41% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global containerboard market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Containerboard Market 2018-2022
Technavio recognizes the following companies as the key players in the global containerboard market: International Paper, Mondi, Nine Dragons Paper, NIPPON PAPER INDUSTRIES, and Oji Holdings.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is advent of flexible packaging. Flexible packaging is gaining traction among the manufacturers as it offers optimized products while utilizing minimum amounts of raw materials. According to our industry research analysts, lesser fossil fuel consumption will be another advantage of flexible packaging impacting the growth of corrugated cardboard market positively during the forecast period.”
According to the report, one driver in the market is booming e-commerce market. With the continuously increasing penetration of e-commerce, the demand for retail e-commerce packaging has increased considerably across advanced economies of the Americas and Europe.
Further, the report states that one challenge in the market is durability and product safety issues. Durability and deformation issues are common in corrugated packaging. The threat to the security and privacy of enclosed products poses a serious challenge to the global containerboard market.