Containerboard market will exhibit a CAGR of 2.1%and reach USD 142.03 billion by 2027, and the market value as per 2019 was USD 120.60 billion .
Fortune Business Insights™ titled, “Containerboard Market Size, Share & Industry Analysis, By Material (Virgin, and Recycled), By End-User (Food & Beverage, Personal Care & Cosmetics, Industrial, and Others), and Regional Forecast, 2020-2027,”
Containerboard market Drivers and Restraints :
With rapid industrialization, there is an increasing need for sustainable packaging from various sectors such as cosmetics, food and beverage, pharmaceutical, personal care, and others. This stands as a major factor in boosting the containerboard market growth. Besides this, the booming food and beverage sector with increasing popularity for ready-to-eat frozen food and convenient food would increase its productivity, thereby demanding more containerboards for package and shipment purposes. This will bode well for the market in the coming years.
List of Significant Manufacturers Containerboard market are:
• Stora Enso
• Nine Dragons Paper (Holdings) Limited
• Hamburger Containerboard
• Georgia-Pacific LLC
• Rengo Co., Ltd.
• WestRock Company
• Oji Fibre Solutions (NZ) Ltd.
• International Paper
• Smurfit Kappa
• Lee & Man Paper Manufacturing Ltd.
• DS Smith
• SCG PACKAGING PUBLIC COMPANY LIMITED
• Mondi Group
• Other Players
To gain more insights into the market with a detailed table of content and figures, Click Here: https://www.fortunebusinessinsights.com/containerboard-market-102801
Some of the key industry developments in the Containerboard market Include:
June 2020 – Mondi Group acquired Powerflute for USD 398 million for increasing the annual production capacity.