Compressed Fiberboard market size, share & industry analysis, ByType (Low Density, Medium Density, High Density), By Application (Furniture Manufacturing, Construction, Industrial Packaging, Others) and regional Forecast, 2024-2032

Fiberboards are special type of wood product that is made using wood fibers. In packaging sector, the term Fiberboard is used to describe paperboards and corrugated Fiberboards. Fiberboards are manufactured in several steps that involve chipping of wood, steaming, spraying adhesives, compressing and hot pressing. Compressed Fiberboards are used for various applications including furniture, packaging, construction and others.

Rise in per-capita disposable income is leading the consumers towards living a luxurious life further increasing the expenditure on furniture and interiors of the house. This is likely to boost the demand for fiberboards. Additionally, the growing packaging industry is boosting the demand for compressed fiberboard.

However, the fiberboards are susceptible to water. They get damaged when gets in contact with water. This is likely to challenge the overall market growth.

Market Segmentation:

Based on type, the market is segmented into low density, medium density and high density. Based on application, the market is segmented into furniture manufacturing, construction, industrial packaging, and others.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

The global compressed fiberboard market consists of global & regional players operating. Some of the key players in the market include Georgia-Pacific Wood Products LLC, Fritz EGGER GmbH & Co. OG, Timber Products Co., Weyerhaeuser, Borg Manufacturing, Richwood Industries, Inc., Daiken Corporation, Greenply Industries Limited, Eucatex SA, and Others.

Key Insights

• New Advancements in Production Technologies


• Key Trends in the Compressed Fiberboard Market


• New Product Launches, Expansions, Key Players


• Ranking of Key Players in the Market

Regional Analysis:

The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is the largest market attributed to the high demand from packaging sector. Rapid industrialization is surging the demand for compressed fiberboard from industrial sector, thus driving the regional market growth. North America is estimated to show significant growth due to high demand from furniture and interior industry. Europe is expected to show considerable growth attributed to the rising standard of living which is substantially increasing the demand for furniture with compressed fiberboard market. Latin America and Middle East and Africa are expected to show considerable growth by the end of the forecast period.

Segmentation

Compressed Fiberboard Industry Developments

• In March 2018, Greenply finalized demerger of the medium density fiberboard division into a wholly owned subsidiary Greenpanel Industries.