According to the recent research report titled ‘Global Cartonboard Market - Analysis By Grade (SBS, URB, CRB, CUK), End-Use, By Region, By Country (2022 Edition): Market Insights and Forecast with Impact of COVID-19 (2022-2027)’ available with MarketStudyReport, global cartonboard market valued USD 140.75 billion in 2021 and is expected to witness a y-o-y growth rate of 4.63% through 2027.

The global carton board market is predominantly fueled by the explosive growth of the e-commerce space due to the growing number of online parcel delivery, especially in times of the COVID-19 pandemic.

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Customers today prefer eco-friendly products, which is predominately driving a voluntary shift towards sustainable packaging solutions. Since cartonboard can be recycled numerous times, there is less environmental waste overall, and hence is widely promoted by worldwide governments that are actively trying to reduce environmental waste. In a nutshell, shifting preferences towards sustainable solutions coupled with supportive regulatory outlook are adding traction to the overall market size.

Due to a temporary suspension of manufacturing during the initial stages of the lockdown, the COVID-19 outbreak had a severely detrimental impact on the global carton board market. Because of the surplus inventory, the manufacturers had to alter the volume of output, which caused disruptions in the manufacturing facilities and global supply networks.

This research study provides detailed information on new market dynamics, growth drivers, alternative development opportunities, and restraints that may affect the industry dynamics during 2022-2027.

Global cartonboard business space is segmented into grades, end-user reach, and regional landscape. Based on grades, the market is divided into SBS, CRB, URB, and CUK. By end-user landscape, this marketplace is bifurcated into the food & beverage industry, electronics, cosmetics & personal care, healthcare, and others.

The regional landscape of global cartonboard marketplace spans Europe, North America, Asia Pacific, Latin America, and Middle East & Africa. North America market is expected to witness healthy growth rate during the forecast duration owing to growing e-commerce sector.

The competitive arena of global cartonboard market consists of companies such as Mayr-Melnhof Karton AG, Oji Holdings Corporation, Box-Pak (Malaysia) Bhd, WEIG Karton, WestRock Company, Graphic Packaging Holding Company, Packaging Corporation of America, International Paper Company, Asia Pulp & Paper, and Tetra Pak.