Containerboard Market Share

Asia Pacific containerboard market is predicted to account for largest revenue share of 43% by 2035, ascribed to the prominent trend of ready-to-make packaged food purchases. The region’s cumulative revenue generated by the ready-to-eat meals industry was roughly USD 300 billion in 2022. Furthermore, the Korea home meal replacement (HMR) market has showcased a 15.2% y-o-y growth, reaching USD 2.78 billion in 2020. In China, the pre-made dishes (PMDs) have gained traction, due to social factors, particularly the prevalence of a fast-paced lifestyle and shrinking household sizes. Moreover, a significant surge in industrialization is further estimated to hike the expansion of the market during the projected period. The China pre-made dishes (PMD) market, a key paper packaging end user reached USD 56.88 billion in 2022 and had 64,000 PMD companies in the country. NCBI’s sales forecasts underscore that the industry will grow at 20% annually by the end of 225 and is anticipated to value at 146.86 billion in 2026.  

Containerboard market in India has a staggering potential as a result of shortage of shortage of softwood and wooden packing cases. Presently, more than 80% of industrial packaging is done using carbon boxes and paper, finds Office of Development Commissioner, Ministry of Micro, Small and Medium Enterprises (MSME). It also estimates that annually 8 million tonnes of containerboard boxes are generated, with a total market worth of USD 3.75 billion.  

North America Market Insights  

North America containerboard market is poised to garner a significant revenue share by the end of 2035 owing to the thriving e-commerce and logistics segments. This subsector comprises outbound and inbound transportation and fleet management, materials handling, warehousing, order fulfillment, logistics network design, supply and demand planning, and third-party logistics management. In the U.S. there were 50,04 logistics services industry establishments as of 2022. By mid-2024, 854,000 workers were employed in the industry, and foreign-owned businesses rendered 114,200 jobs in 2022. Recent express delivery services (EDS) industry growth was driven by an exponential expansion in electronic commerce. There were 17,033 businesses in the couriers and messenger subsector and by June 2024 1.1 million individuals were employed in EDS.

Containerboard market in the U.S. is fueled by the high capital investments by the domestic players and supportive government regulatory framework that supports paper and biomass recycling. A 2024 Recycling Partnership report suggests that households that participate in curbside programs capture and recycle 81% of cardboard and only 19% is trashed. Materials recovery facilities (MRFs) capture 90% of cardboard waste and 90% of mixed paper. On a yearly basis, about 7,509,483 tons of cardboard waste is generated and 2,371,572 tons is reprocessed, denoting a rate of 32%, and is highest in the overall material category that includes glass containers, steel, pet bottles, etc. In terms of investments, the country has demonstrated a high expenditure capability on boosting production capacity.

Alabama’s Industry Investments in 2023

Source: The Office of Alabama Governor