Market Trends of Containerboard Industry
This section covers the major market trends shaping the Containerboard Market according to our research experts:
Food and Beverage sector to witness the growth
- Due to people's busy lifestyles, the demand for packaged and ready-to-eat goods is increasing. The need for packaged food is also driven by the growing young population, particularly working women, who are also included in the market, under study.
- Corrugated board packaging, mainly secondary or tertiary packing, is increasingly being used by businesses to provide better results to customers since it protects items from moisture and endures lengthy transportation times. The need is fueled by processed foods, such as bread, meat products, and other perishable goods, which require these packaging materials to be used once. The need for containerboard in the food and beverage industry is anticipated to increase as a result.
- Furthermore, new developments in the field are broadening the range of uses for corrugated cardboard packaging. The companies that make up the THIMM Group created "COOLandFREEZE," a corrugated cardboard box for temperature-controlled shipping that allows the transportation of frozen, chilled, and non-refrigerated goods together in a single shipment.
- With this cutting-edge packaging, processed meals are effectively insulated and kept cold for at least 36 hours. Corrugated cardboard packing is a more environmentally friendly shipping solution than polystyrene or plastic. Hence demand in this industry is anticipated to proliferate during the forecast period.
- These products also offer added capabilities, such as preventing the processed food from getting exposed to sunlight, which can impact the quality and taste of the processed foods while being transported from the production units to the retailers.
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North America is One of the Most Prominent Markets in the Global Containerboard Market
- Over the projected period, North America's demand for containerboard material is anticipated to be driven by consumers' growing awareness of the benefits of eco-friendly products. One of the top exporters of containerboard, particularly corrugated containers and kraft liners, is the United States. Compared to other regions, the country has lower manufacturing and material expenses. High containerboard manufacture is related to the nation's concern for sustainable development.
- Moreover, a program was initiated by the Fiber Box Association (FBA) members to raise awareness regarding using corrugated cardboard boxes. The member companies that manufacture corrugated packaging products across North America use this program to share their progress with box users and consumers so they remain assured about choosing, receiving, using, and recycling corrugated cardboard packaging.
- Moreover, there has not been much consumer or regulatory pressure in the United States earlier for cardboard recycling due to the relatively low pulp price and a historical record of recycled boxes not being strong enough to survive the journey intact. However, due to the rise of e-commerce, there has been an increased demand for cardboard, which creates a need for containerboard packaging materials.
- Many major cities, like California, New York, Washington, Maine, and Massachusetts, have banned the use of plastic containers and bags and other single-use non-recyclable products that are harmful to the environment boosting the demand for containerboard packaging solutions.
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