Containerboard Market 2020 | Insights & Forecast Research Report 2024
Category: #business  By Rahul Sankrityayan  Date: 2020-02-13
  • share
  • Twitter
  • Facebook
  • LinkedIn
Containerboard Market 2020 | Insights & Forecast Research Report 2024

Ecofriendly characteristic of containerboards is anticipated to fuel containerboard market trends. Many countries are taking significant to reduce carbon footprint by promoting the use of ecofriendly materials. Countries like China are striving to maintain environmental balance by increasing the use of containerboards mainly made up of recycled fiber.

Demand for high performance, strength and environment friendly packaging is anticipated to help expand the containerboard market share. Containerboards are made out of recycled fiber which means that they have reduced carbon footprint. Using recycled fiber with virgin fiber for production reduces water use and effluent flow in mills.

Request for a sample copy of this report @   https://www.decresearch.com/request-sample/detail/3326

Between 2019 and 2021, China plans to build a new capacity of approximately 10 million tons, all intending to use recycled fiber as furnish. Furthermore, there are projects which may exceed capacity of 8 million tons. These projects are planned but not confirmed yet. One supposition is that China, if all projects are accomplished, strives to largely remain self-sufficient in the supply of containerboard. Like China, the U.S., India, Vietnam and many other countries are also focusing on ideal materials for packaging and will contribute to increase growth rate of containerboard industry.

Seemingly, there is a significant cooperation from the Chinese companies to achieve aforesaid targets and expand their market share. For instance, a Chinese containerboard manufacturing company Nine Dragon Paper Holdings Limited has signed a MoU with the Indian state of Maharashtra to provide around $630 million to establish a paper- and board-producing mill in the state.

This is an initial step by the company to expand its footprint in India. Nine Dragon will reportedly invest up to INR 45 billion ($634 million) to build the facility. India containerboard market is indicating expansion in market share and is projected to reach 3 billion square meters from agricultural application as containers for vegetable and fruit packaging require anti-bacterial qualities.

Make an inquiry for purchasing this report @ https://www.decresearch.com/inquiry-before-buying/3326

The demand of containerboard in Vietnam is increasing at a steady pace and surpasses that of Indonesia, Thailand and other countries. It is further anticipated that in the first half of the 2020, Vietnam will be the leading ASEAN countries in terms of containerboard utilization propelling steady growth of the containerboard market over the forecast period.

A Japanese company recently announced the establishment of a containerboard manufacturing and packaging material sales business in Vietnam. The company has gained overseas containerboard market knowledge from its businesses in Japan and now has plans to expand its footprint in rapidly growing market of Vietnam. It will support industrial development in Vietnam by manufacturing containerboard with resource saving operations and energy saving technology acquired in Japan.

Companies toiling to expand their businesses overseas is one of the major reasons that will significantly impact containerboard market growth globally. A huge range of applications of containerboards in FMCG, pharmaceuticals, ecommerce, industries, agriculture, etc., is attracting containerboard industry players to invest consistently in new product development. Government mandates for environmental conservation will also act as a major driver propelling the expansion of containerboard market size over 2019-2025.

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/containerboard-market

Read More Related Link:

Ballistic Protection Materials & Equipment Market 2019 By Regional Statistics, Trend & Growth Forecast To 2025

Industrial Protective Fabrics Market| Regional Growth Forecast 2020-2025

Rapid Self-healing Gel Market Business Growth 2020-2025 By Regional Players

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Rahul Sankrityayan

Rahul Sankrityayan    

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Technology Magazine, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experie...

Read More >>

More News By Rahul Sankrityayan

Antibacterial Glass Market 2020 Investigation Report Insights Production Demands and Regional Forecast 2023
Antibacterial Glass Market 2020 Investigation Report Insights Production Demands and Regional Forecast 2023
By Rahul Sankrityayan

Dec Research declares the publication of its latest research report, with the title ‘Global Antibacterial Glass Market’. This report sheds light on the analysis of the industry challenges, growth opportunities, industry threats, as well a...

Zeolite Molecular Sieve Market Technology Advancement and Growth Outlook 2020 to 2023
Zeolite Molecular Sieve Market Technology Advancement and Growth Outlook 2020 to 2023
By Rahul Sankrityayan

Dec Research declares the publication of its latest research report, with the title ‘Global Zeolite Molecular Sieve Market’. This report sheds light on the analysis of the industry challenges, growth opportunities, industry threats, as we...

Thermoplastic Elastomers Market By Regional Revenue & Growth Forecast to 2023
Thermoplastic Elastomers Market By Regional Revenue & Growth Forecast to 2023
By Rahul Sankrityayan

Dec Research declares the publication of its latest research report, with the title ‘Global Thermoplastic Elastomers Market’. This report sheds light on the analysis of the industry challenges, growth opportunities, industry threats, as w...