Cartonboard Market Size and Share
Cartonboard Market Analysis by Mordor Intelligence
The cartonboard market size stood at USD 76.58 billion in 2025 and is forecast to reach USD 104.78 billion by 2030, registering a 6.47% CAGR. Intensifying legislation against single-use plastics, brand owners’ sustainability pledges, and rapid digital-printing adoption collectively reinforce demand momentum. Recycled-fiber leadership demonstrates the material’s circular-economy credentials, while folding boxboard versatility keeps it at the forefront of premium consumer-goods packaging. Growing e-commerce order volumes accelerate corrugated-to-cartonboard substitution because brand-centric unboxing experiences favor high-print-quality substrates. At the same time, energy-cost swings and recycled-fiber scarcity continue to pressure mill margins, prompting capacity rationalization among smaller players.
Key Report Takeaways
- By material, recycled fiber held 58.43% of the cartonboard market share in 2024; virgin alternatives are projected to rise only 3.1% CAGR through 2030.
- By product grade, folding boxboard captured 34.43% of the cartonboard market size in 2024, while liquid packaging board is advancing at 7.1% CAGR to 2030.
- By packaging format, folding cartons accounted for 45.43% of the cartonboard market size in 2024, while liquid packaging formats posted the fastest 7.65% CAGR through 2030.
- By end user, food applications commanded 28.32% share of the cartonboard market size in 2024; cosmetics and toiletries led growth at 8.11% CAGR to 2030.
- By geography, Asia-Pacific dominated with a 40.22% share in 2024; the Middle East and Africa exhibit the strongest 8.01% CAGR outlook through 2030.
Global Cartonboard Market Trends and Insights
Drivers Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| E-commerce corrugated-to-cartonboard shift | +1.8% | North America, Europe, extending to APAC | Medium term (2-4 years) |
| FMCG pivot toward plastic-free packaging | +1.2% | Global, led by EU policy frameworks | Long term (≥ 4 years) |
| Lightweighting for freight cost control | +0.9% | Core APAC, ripple to MEA | Short term (≤ 2 years) |
| Regional bans on single-use plastics | +0.7% | Europe, North America, expanding into APAC | Medium term (2-4 years) |
| High-speed digital printing of short runs | +0.6% | North America, EU, early APAC adoption | Long term (≥ 4 years) |
| Luxury demand for premium folding cartons | +0.5% | Global luxury hubs in developed markets | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
E-commerce corrugated-to-cartonboard shift
Online retailers favor thinner substrates that enhance the unboxing experience and reduce freight weight. Amazon’s 2024 network redesign targeted a 38% cut in secondary-packaging mass, which opened large-scale trials for cartonboard formats.[3]Amazon, “2024 Sustainability Report: Packaging Innovation,” sustainability.aboutamazon.com Electronics and personal-care merchants rapidly replicate this strategy because high-resolution graphics printed on cartonboard improve brand recall during social-media sharing events. The addressable opportunity is pegged at USD 2.8 billion in incremental volume by 2030. Cartonboard converters that integrate digital-printing lines secure priority vendor status, while corrugated-only suppliers risk volume attrition. Conversion momentum intensifies in growth markets such as India and Indonesia where e-commerce penetration still climbs steeply.
FMCG pivot toward plastic-free packaging
Extended Producer Responsibility directives oblige brand owners to cut virgin plastic usage, promoting cartonboard as an immediate substitute. Unilever intends to remove 100,000 tons of plastic each year by switching to fiber-based formats. Cosmetic and household-cleaning categories migrate first because barrier-coating advances have closed moisture-resistance gaps. Nonetheless, switchovers cost 15-25% more than prevailing plastic packs, which stalls penetration in price-sensitive food staples. Brands spread capital burdens by launching pilot SKUs regionally before global rollouts, protecting margins in mature markets while capturing sustainability-conscious consumers in Europe.
Lightweighting for freight cost control
Parcel carriers and third-party logistics providers charge by dimensional weight, prompting packaging engineers to reduce grams per unit. DHL found that a 10% packaging-weight reduction trimmed logistics outlay by 4% across global lanes. Cartonboard grades engineered down to 200 GSM still surpass crush-resistance thresholds needed for high-speed automated handling. Material savings offset premium fiber cost, making the business case clear for high-volume grocery and household products. Mills that commercialize ultra-light composite structures gain early-mover contracts with multinational FMCG clients.
Regional bans on single-use plastics
Europe’s Packaging and Packaging Waste Regulation in force since January 2024 mandates 65% recycled content in cartonboard packs by 2030. Similar legislation reverberates through North American states considering parallel thresholds. Retailers in these locales remove plastic cutlery, straws, and trays, channeling demand toward fiber alternatives without price-based competition from polyethylene. Over time, the compliance requirement drives capacity investments in recycling, yet fiber scarcity remains a bottleneck for mills lacking closed-loop sourcing.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Energy-price volatility | -1.4% | Global, acute in Europe | Short term (≤ 2 years) |
| Recycled-fiber supply imbalance | -0.8% | North America, Europe, evolving APAC | Medium term (2-4 years) |
| Capital-intensive barrier-coating upgrades | -0.6% | Worldwide, with regulatory focus in EU | Long term (≥ 4 years) |
| Shift toward molded-fiber alternatives | -0.4% | APAC export hubs, spreading into global markets | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
Energy-price volatility
Electricity and natural gas comprise up to 50% of mill operating costs, exposing producers to margin compression when wholesale energy rates spike. Irving Paper halted half its New Brunswick capacity after power tariffs climbed 22% against the Canadian benchmark in 2024. European mills face an even sharper cost delta post-2022, triggering strategic downtime and accelerated equipment retrofits for energy efficiency. Suppliers with on-site biomass boilers offset part of the volatility, but most smaller converters lack that capital buffer, driving consolidation.
Recycled-fiber supply imbalance
Collection inefficiencies and high contamination rates impede fiber availability, especially for food-grade applications. U.S. recycled-fiber prices doubled in Q1 2024 year over year as sorting capacity lagged rising demand. Mills increasingly blend virgin pulp to meet brightness and strength requirements, undermining sustainability narratives and inflating input costs. Long term, municipal-collection modernization and advanced de-inking tech from firms such as Stora Enso offer mitigation, yet immediate tightness persists.
Segment Analysis
By Material: Recycled Fiber Dominance Faces Quality Constraints
Recycled fiber constituted 58.43% of the cartonboard market in 2024, and it is forecast to advance at 8.42% CAGR through 2030, underscoring the influence of circular-economy legislation on the broader cartonboard market.[2]Recycling Today, “Recycled Fiber Market Q1 2024,” recyclingtoday.com Despite this leadership, fiber quality loss after multiple recycles demands virgin-fiber blending for performance-critical uses. Mills therefore deploy sophisticated screening and de-inking to broaden recycled content in premium board grades. The strategy tempers raw-material volatility, yet capital requirements limit adoption among resource-constrained producers.
Regulators in the European Union and several U.S. states now impose recycled-content minimum thresholds, effectively guaranteeing steady demand. Nevertheless, tight collection infrastructure caps supply, driving competitive bidding wars for high-grade recovered paper. Stora Enso’s pilot line that extends recycle loops by enzyme-assisted fiber repair hints at incremental improvement rather than a step change. This material dynamic keeps the cartonboard market actively exploring hybrid solutions that satisfy both sustainability metrics and mechanical benchmarks.
By Product Grade: Folding Boxboard Versatility Drives Market Leadership
Folding boxboard secured 34.43% share in 2024, benefiting from multilayer construction that optimizes stiffness against weight, a vital attribute as brands chase freight economies. High brightness and print-receptive surfaces elevate shelf appeal for fast-moving consumer goods. Solid bleached board remains the grade of choice for luxury goods, perfumes, and chocolate, while solid unbleached board serves industrial tools and detergent pods where strength trumps appearance.
The folding-carton manufacturing ecosystem enjoys extensive machine-supplier support, which accelerates incremental process upgrades. Digital-print compatibility underscores folding boxboard’s adaptability to shorter product lifecycles and promotional graphics, thereby sustaining its leadership position. Brand owners also deploy boxboard for tamper-evident designs in pharmaceuticals, supplementing its relevance across regulated segments. Consequently, folding boxboard’s robust growth trajectory supports roughly one-third of total cartonboard market shipments to 2030.
By Packaging Format: Folding Cartons Lead While Liquid Packaging Accelerates
Folding cartons held 45.43% share of the cartonboard market in 2024, reflecting their suitability across pharmaceuticals, confectionery, and small-electronics segments. Automation friendliness and superior cube utilization keep this format at the forefront of brand-packaging strategies. Proprietary locking-tab geometries allow tool-less assembly, reducing line changeover times and minimizing downtime across multi-SKU production.
Liquid packaging stands out as the fastest-growing format at 7.65% CAGR. Advancements in plant-based barrier coatings, such as Tetra Pak’s sugar-cane-derived polymer layers, align beverage brands with carbon-reduction targets without compromising shelf life. Product developers deploy square cross-sections for optimal pallet density, further improving logistics efficiency. Sleeve and tray packs continue serving ready-meal and fresh-produce markets, with demand particularly strong in Europe where single-use-plastic bans reshape food-service packaging. Although other niche formats remain small in volume, their specialized functionality underscores the breadth of innovation within the cartonboard market.
Note: Segment shares of all individual segments available upon report purchase
By End-User Industry: Food Sector Dominance Amid Cosmetics Growth Surge
Food applications accounted for 28.32% of cartonboard market shipments in 2024, propelled by growth in shelf-stable snacks and frozen ready meals. High-barrier coatings now enable contact with oily or acidic foods, allowing brand owners to transition from plastic trays to light yet sturdy cartons. Convenience-food consumption in urban centers, especially across Asia-Pacific, secures a stable base load for mills focused on volume.
Cosmetics and toiletries showcase the highest 8.11% CAGR because premium packaging reinforces brand identity and supports higher unit margins. Folding boxboard grades with soft-touch finishes and metallic foils differentiate shelf presence, while digital printing personalizes regional editions and influencer collaborations. Pharmaceutical uptake advances steadily as regulators prescribe child-resistant and tamper-evident designs, which cartonboard can incorporate through multipoint gluing and perforation. Beverage adoption accelerates courtesy of liquid-packaging innovations that permit ambient distribution, vital in regions where cold-chain logistics remain underdeveloped.
Geography Analysis
Asia-Pacific generated unrivaled scale for the cartonboard market in 2024, benefiting from synchronized growth in manufacturing capacity and domestic demand. Chinese mills alone contribute more than 45 million t of annual output, enabling short lead times for multinational brands operating regional hub-and-spoke distribution. Indian consumption trends parallel rising organized retail penetration, with urban consumers opting for portion-controlled packs that elevate board usage per capita. Southeast Asian countries such as Vietnam and Thailand attract FDI flows that fund state-of-the-art mills, optimizing energy intensity and reducing waste.
In the Middle East and Africa, infrastructure projects and disposable-income gains stimulate cartonboard demand across packaged snacks, dairy, and personal-care products. Saudi Arabia’s Vision 2030 manufacturing initiatives include subsidies for local board production, lessening dependence on imports and enhancing regional self-sufficiency. Yet post-consumer collection remains embryonic, requiring cross-border fiber procurement that inflates input costs. Converter consolidation is expected as players seek vertical integration to buffer raw-material volatility.
European and North American markets undergo strategic shifts from plastic to fiber owing to robust legislation and heightened ESG scrutiny among investors and consumers. Large retailers impose recycled-content sourcing policies, compelling suppliers to certify supply chains under programs such as FSC and PEFC. Consequently, board producers differentiate by publishing traceability dashboards that validate chain-of-custody claims. Despite limited volume growth, high-margin medical devices, cosmetics, and premium confectionery segments sustain profitability, offsetting softer demand in commoditized categories.
Competitive Landscape
The global cartonboard market features moderate fragmentation. The top players, such as International Paper, Smurfit WestRock, Stora Enso, and others, have significant footprints spanning North America, Europe, and Asia. Vertical integration from pulp through converting ensures cost discipline and product consistency, affording these leaders bargaining leverage with FMCG giants. Independent regional mills preserve share by focusing on specialty grades, personalized service, and flexible order sizes.
Investment priorities trend toward barrier-coating and digital-printing enablement. Stora Enso earmarked EUR 200 million to retrofit mills for bio-based barrier layers, anticipating regulatory pressure for PFAS elimination. WestRock’s Brazilian acquisition adds 150,000 t of downstream converting capacity, shortening lead times for multinational beverage customers across Mercosur markets. Patent filings for barrier technologies leapt 23% in 2024, evidencing an innovation race.[1]USPTO, “Barrier Coating Technology Patents 2024,” uspto.gov
Consolidation momentum persists where energy volatility erodes margins at stand-alone mills. Smurfit Kappa’s purchase of Turkey-based Elif Holding extends geographic reach into fast-growing MEA corridors, leveraging internal pulp streams to alleviate fiber scarcity. Meanwhile, converters without embedded recycling pipelines partner with waste-management firms to lock in feedstock volumes and to substantiate recycled-content claims demanded by brand compliance audits. Supply-chain resilience and closed-loop capacity therefore emerge as decisive competitive differentiators.
Cartonboard Industry Leaders
-
Mayr-Melnhof Karton AG (MM Group)
-
Graphic Packaging Holding Company
-
Nine Dragons Paper (Holdings) Limited
-
Asia Pulp and Paper Company Ltd.
-
Smurfit WestRock
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- March 2025: Stora Enso announced EUR 200 million (USD 214 million) barrier-coating upgrades at three European mills to improve food-contact performance by 15%
- February 2025: WestRock acquired Brazilian converter Santher for USD 180 million, adding 150,000 t annual capacity and reinforcing Latin American presence
- January 2025: Metsä Board introduced a folding boxboard with 20% higher stiffness aimed at luxury electronics and cosmetics
- January 2025: International Paper launched a bio-based barrier coating for liquid packaging board achieving 90% renewable content
Global Cartonboard Market Report Scope
Carton board is a type of container made from paperboard and is extensively used for secondary and tertiary packaging. The study covers the carton board market tracked in terms of value. The report analyzes the factors that impact geopolitical developments in the market based on the prevalent base scenarios, key themes, and end-user industries-related demand cycles.
The carton board market is segmented by grade (solid bleached sulfate, solid unbleached sulfate, folding boxboard, white-lined chipboard, liquid packaging board, food service board, and other grades), end-user industry (beverage, food, pharmaceutical and healthcare, cosmetics and toiletries, tobacco, and other end-user industries), and geography (North America (the United States and Canada), Europe (the United Kingdom, Germany, Italy, France, Spain, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia and New Zealand, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, and the Rest of Latin America), and the Middle East and Africa (United Arab Emirates, Saudi Arabia, South Africa, Egypt, and the Rest of the Middle East and Africa)). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| Virgin Fiber |
| Recycled Fiber |
| Solid Bleached Board |
| Solid Unbleached Board |
| Folding Boxboard |
| White-Lined Chipboard |
| Liquid Packaging Board |
| Food Service Board |
| Folding Cartons |
| Liquid Packaging |
| Sleeve and Tray |
| Other Packaging Format |
| Beverage |
| Food |
| Pharmaceutical and Healthcare |
| Cosmetics and Toiletries |
| Other End-User Industries |
| North America | United States | |
| Canada | ||
| Mexico | ||
| South America | Brazil | |
| Argentina | ||
| Rest of South America | ||
| Europe | United Kingdom | |
| Germany | ||
| France | ||
| Spain | ||
| Italy | ||
| Rest of Europe | ||
| Asia-Pacific | China | |
| India | ||
| Japan | ||
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Middle East and Africa | Middle East | Saudi Arabia |
| United Arab Emirates | ||
| Turkey | ||
| Rest of Middle East | ||
| Africa | South Africa | |
| Kenya | ||
| Rest of Africa | ||
| By Material | Virgin Fiber | ||
| Recycled Fiber | |||
| By Product Grade | Solid Bleached Board | ||
| Solid Unbleached Board | |||
| Folding Boxboard | |||
| White-Lined Chipboard | |||
| Liquid Packaging Board | |||
| Food Service Board | |||
| By Packaging Format | Folding Cartons | ||
| Liquid Packaging | |||
| Sleeve and Tray | |||
| Other Packaging Format | |||
| By End-User Industry | Beverage | ||
| Food | |||
| Pharmaceutical and Healthcare | |||
| Cosmetics and Toiletries | |||
| Other End-User Industries | |||
| By Geography | North America | United States | |
| Canada | |||
| Mexico | |||
| South America | Brazil | ||
| Argentina | |||
| Rest of South America | |||
| Europe | United Kingdom | ||
| Germany | |||
| France | |||
| Spain | |||
| Italy | |||
| Rest of Europe | |||
| Asia-Pacific | China | ||
| India | |||
| Japan | |||
| Australia | |||
| South Korea | |||
| Rest of Asia-Pacific | |||
| Middle East and Africa | Middle East | Saudi Arabia | |
| United Arab Emirates | |||
| Turkey | |||
| Rest of Middle East | |||
| Africa | South Africa | ||
| Kenya | |||
| Rest of Africa | |||
Key Questions Answered in the Report
What is the forecast value of the global cartonboard market in 2030?
The cartonboard market size is projected to reach USD 104.78 billion by 2030.
Which material currently leads cartonboard production?
Recycled fiber leads with a 58.43% share, supported by circular-economy mandates.
Which end-user segment is growing the fastest?
Cosmetics and toiletries post the highest 8.11% CAGR between 2025 and 2030.
Which region shows the highest growth outlook?
Middle East and Africa advances at an 8.01% CAGR through 2030.
Why is digital printing important for cartonboard converters?
High-speed digital presses enable economical short runs that support SKU proliferation and personalized campaigns.
How concentrated is competition among leading cartonboard suppliers?
The top three groups hold roughly 38% of global capacity, indicating moderate market concentration.
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