Global Containerboard Market To Expand Rapidly Owing To Growing Requirements For Brand Enhancement
MarketResearchReports.biz has announced the addition of a latest report, titled ‘Global Containerboard Market: Trends & Opportunities (2015-2019),’ to its online repository.
As per the report, the global containerboard market is expected to expand at a rapid pace during the period between 2015 and 2019 due to factors such as the rising demand for containerboards from various industries and the rising health awareness among people.
Containerboards are paper boards that are used for manufacturing corrugated boxes. Containerboards are used for packaging to protect the products from any kind of natural harm. Corrugating medium and linerboard are the two types of materials used for making containerboards. Virgin containerboards and recycled containerboards are the two common types of containerboards available in the global market. Modified paper machines that have the capability for higher grammages are used to manufacture containerboards.
The global containerboard market is divided by geography into Asia, North America, and Europe. Currently, Asia leads the global market for containerboards and is expected to maintain its dominant position in the coming few years. Europe is predicted to be the second largest region in the global containerboard market. Irrespective of the low macroeconomic developments in Europe, there has been a considerable increase in the consumption of containerboards in the Western Europe.
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North America ranks third in the global containerboard market. Factors such as the introduction of new packaging materials, the increase in the global packaging consumption, and the rising demand for containerboards across countries such as China, Chile, Russia, and Brazil are predicted to propel the global containerboard market in the coming few years.
Some of the factors expected to drive the global containerboard market are the growing requirements for brand enhancement, new packaging material development, and availability of different varieties of containerboards. However, factors such as the constantly changing market, demand for energy efficiency in the production and usage of packaging products, fall in the demand due to high prices, the increasing cost of raw materials, and availability of alternative packaging materials are expected to restrict the growth of the global containerboard market in the years to come.
Further, changing market trends such as economic developments, advancements in digital technology, the increasing awareness about the benefits of using environment-friendly products, and demographic trends are expected to contribute towards the growth of the global containerboard market in the years to come. Smurfit Kappa Group (SKG Group), DS Smith, Mondi Group, and KapStone Paper & Packaging Corporation are some of the leading companies in the global containerboard market. Acquisition of new companies will give the leading players a chance to maintain their dominance in the global containerboard market throughout the forecast period.
The global containerboard market has gone through several changes in the recent past. The rising demand for various types of containerboards from the global food and beverages industry is expected to propel the global containerboard market in the years to come. The demand for containerboards is expected to increase from the FMCG industries as well as from the cosmetic industries in the next few years.
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