The United States (USA) Corrugated Packaging Market Grows Steadily with E-commerce and Sustainability Driving Demand, COVID-19 Impact, and Key Developments

The United States Corrugated packaging is a flexible and economical way to safeguard and move a variety of goods. Thus, they are not limited to the box and are gradually substituting flexible plastic bags as a result of sustainability concerns. Additionally, the corrugated boxes make an ideal base for holding a variety of printing methods. As a result, businesses frequently choose corrugated packaging as a marketing strategy. They serve as a mobile hoardings for businesses, saving them extra marketing expenses.

GET THE FREE SAMPLE REPORT:- https://www.makreo.com/report/united-states-corrugated-packaging-market-analysis-forecast-2018-2028

The corrugated packaging market in the US is large and highly competitive, on the other hand US is also one of the world's largest consumers of packaging. Throughout the past few years, the US corrugated packaging box market has witnessed a steady growth and one significant factor is the expansion of e-commerce and online shopping, which has raised demand for packaging supplies. Furthermore, nowadays corrugated boxes are becoming one of the preferred options for businesses aiming to minimize their environmental impact due to its sustainability and capacity to be recycled, owing to this the US corrugated packaging box market is witnessing steady growth.

In recent years, the e-commerce sector has become one of the prominent player which is driving the market. The main packaging for well-known e-commerce sites like Amazon has been corrugated board boxes, and they rely on plastic packaging for individual items. The market is anticipated to increase as a result of several e-commerce businesses focused on substituting corrugated boxes and paper bags for single-use plastics. To cut costs and improve the aesthetic impression when unwrapping, corrugated boxes used for e-commerce are more likely to be printed with high-quality graphics and tailored to fit bundled contents. To offer more adaptable and customizable solutions, corrugated board packaging producers work together with online retailers.

► Impact of COVID-19 over United States Corrugated Packaging Market
The COVID-19 pandemic has also had an effect on the corrugated box packaging industry, as the rise of online shopping and home delivery has raised demand for packaging supplies, corrugated box shipments started to witness rapid demand. Prices for corrugated sheets and boxes increased by more than 10%, in the beginning of 2021 as a result of an additional USD 60 per ton rise for linerboard.

► Increasing Demand for Flexography Printing Technology
Flexography technology has become one of the popular printing technique used in corrugated packaging. It is a high-speed printing method that uses flexible rubber or photopolymer plates to transfer the image onto the substrate. Flexographic printing is ideal for printing large quantities of packaging products quickly and cost-effectively. Examples of corrugated products appropriate for flexo printing include: Shipping Boxes, Pre-printed liner board, In-Store Displays, Subscription Boxes, Jewelry Boxes.

► Key Developments
• With the introduction of its EverGrow Collection, WestRock Company announced an expansion of its product packaging possibilities. When emptied and flattened, WestRock EverGrow packaging is curbside recyclable, helping the company's goal to decrease waste and create a product line that is entirely reusable, recyclable, and compostable.
• At its Clark County, Alabama, facility, Packaging Corporation of America (PCA) announced plans to begin a three-year, USD 440 million project to permanently rebuild a paper machine to create liner boards for corrugated boards. Following a brief changeover to linerboard production, the company is now gradually upgrading plant paper machines over the next 36 months to produce 700,000 tonnes of high-performance virgin kraft linerboard annually.

► Further Key Findings
■ Government Investments: The American Forest & Paper Association (AF&PA), AICC- the Independent Packaging Association, the Fibre Box Association (FBA), and TAPPI are all co-sponsors of the Corrugated Packaging Alliance (CPA), an effort of the corrugated industry. Corrugated should be the material of choice for packaging in applications where it can be demonstrated through credible and convincing data that corrugated will grow and become more profitable. Corrugated producers and converters from all around North America are CPA members.

■ Emerging Technology: Fit-to-product (FTP) or box-on-demand systems have emerged from e-commerce, typically driven by the demands of devoted e-commerce vendors. Based on the actual size of the object being packed, including irregular shapes, this technique enables the development of secondary packaging that is specifically tailored. This eliminates the need for end users to maintain significant stocks of standard-sized boxes, which frequently require a lot of filler material.

■ Increasing Mergers & Acquisitions: Vendors in the area have engaged in a variety of growth, partnership, and collaboration initiatives to strengthen their presence and position in the market. For instance, International Paper declared in December 2021 that it will expand its presence in the area by constructing a corrugated packaging plant in Atglen, Pennsylvania. With the new facility, International Paper will be able to increase its industrial packaging presence in the northeastern United States.

■ Increasing demand from Pharmaceutical Sector: States in the Northeast of the United States, including Washington, Oregon, Idaho, Wyoming, and Montana, have a thriving pharmaceutical industry. An increasing number of pharmaceutical manufacturers are entering into e-commerce and are offering home delivery services will fuel the market for corrugated box

■ Frequent Price Changes: The demand for the packaging material has been impacted by the rise in production costs caused by the price increase of the kraft paper used to make corrugated boxes. The cost of PPI and pulp, related goods, and raw materials for corrugated boxes have grown by more than 25% during the last 12 months in 2021, according to the U.S. Department of Labor Statistics.

Makreo research has published a study titled "United States Corrugated Packaging Market Analysis and Forecast (2018-2028)". This is a detailed evaluation of the Corrugated Packaging market performance in the United States that discusses past, present and future outlook of the industry. Market has witnessed many shifts in recent past that has impacted profit margins of the players but also accounted for rise in demand. E-commerce is an emerging sector in the country that has given significant push to the corrugated box demand. Report is the right blend of qualitative and quantitative factors with trade and micro economic assessment. Competition has also been studied to verify our assessment using bottom up approach.

► The report examines the US Equipment Rental market on below parameters:

■ Period of Study:-
2018-2022: Past and Present Scenario
2023-2028 : Future Outlook of the industry

■ Market Assessment:-
The report examines the corrugated packaging market in terms of market revenue and further breakdown into market segmentation by printing techniques (Flexography, Offset Lithography, Digital Printing, Others), and By End User (Food & Beverages, Healthcare & Pharmaceutical, Paper Products, Electrical & Electronics, Personal Care & Household, Chemicals and Others).

■ Corrugated Packaging Industry:-
By Printing Technique: Flexography, Offset Lithography, Digital Printing, Others
By End User: Food & Beverages, Healthcare & Pharmaceuticals, Paper Products, Electrical & Electronics, Personal Care & Household, Chemicals and Others

■ Companies Covered:-
International Paper Company
Packaging Corporation of America
WestRock Company
Matthews International Corp.
Graphic Packaging Holding Co.
Deluxe Packaging Inc.
Western Container Company
Associated Bag
Larsen Packaging Products
Emenac Packaging

For more information on the research report, refer to below link:
https://www.makreo.com/report/united-states-corrugated-packaging-market-analysis-forecast-2018-2028

Similar related reports:-
https://www.makreo.com/report/india-corrugated-packaging-market-report-future-outlook-to-2027

Follow us on:-https://www.linkedin.com/company/makreo-research-and-consulting/

Makreo Research and Consulting
Address:- Office No 30, 2nd Floor, Crystal Plaza, Hiranandani Complex,
Sec 7, Kharghar, Navi Mumbai, Maharashtra - 410210, India
Send us a query at info@makreo.com
Phone No: +91-9619699069

Makreo is a Market research and consulting firm working closely with business conglomerates worldwide to help them in many aspects of driving their business growth and assist in making wise decisions with the help of our qualitative & quantitative market insights.

This release was published on openPR.