According to the 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 was worth USD 140.75 billion in 2021 and is anticipated to expand at a CAGR of 4.63% during 2022-2027.

Flourishing e-commerce sector on account of rising trend of online delivery during the pandemic, as well as growing demand for environment friendly packaging among the customers are the major factors swelling global cartonboard market growth.

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For the unversed, cartonboard is a multilayer material made up of three or more layers of wood-derived cellulose fiber. The various layers are merged on the board machine when wet and may contain one or numerous distinct types of pulp.

Furthermore, increasing product adoption by governments due to the ability of product to be recycled multiple times, reducing overall waste in the environment is contributing towards industry expansion.

Notably, the Covid-19 pandemic had a substantial detrimental influence on the market since production units were suspended during the lockdown, causing disruptions in the manufacturing and supply networks around the globe.

Based on grade, the market is divided into CUK (coated unbleached kraft), CRB (coated recycled board), URB (uncoated recycled board), and SBS (solid bleached board). In terms of end-use terrain, the industry is branched into cosmetics & personal care, healthcare, electronics, and food & beverage.

The major geographies concerning this business vertical are North America (U.S., Canada), Europe (France, UK, Germany, Italy), Asia Pacific (China, India, Japan), and Latin America. Among these, North America held the major revenue share in industry in the recent past.

Speaking of the competitive hierarchy, Tetra Pak, Oji Holdings Corporation, Asia Pulp & Paper (APP), Packaging Corporation of America, International Paper Company, Graphic Packaging Holding Co., WEIG Karton, WestRock Company, Box-Pak (Malaysia) Bhd, and Mayr-Melnhof Karton AG are the leading players influencing global cartonboard market dynamics.