Press release
U.S. Corrugated Packaging Box Market Grows at 10% CAGR, Driven by FMCG Expansion and E-Commerce Innovations
The US Corrugated Packaging Box Market during the year 2018-2022 grew at CAGR of 10%. The country's corrugated box packaging market is a developed and highly competitive sector. With companies like International Paper, Tetrapak, Reynolds Group, Ball Corporation, and Owens-Illinois among its packaging juggernauts, US is one of the world's largest consumer of packaging.The ongoing expansion of the FMCG sector, particularly in processed food, personal care, and pharmaceutical industries, has driven a significant increase in packaging demand across the nation. Data from the Corrugated Packaging Alliance (CPA) shows that the U.S. hosts 1,145 corrugated manufacturing facilities, employing approximately 100,000 people.
Increased demand for corrugated boxes two years ago led to the first of four price rises for linerboard. Box manufacturers appeared to be in charge of pricing for the first time in a very long time. A corporation had to accept whatever costs were offered if it required linerboard, sheets, or boxes as demand had reached a fever pitch.
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United States Corrugated Packaging Market Size and Forecast (2018-2028) - Share, Growth Trends, and Revenue Analysis
https://www.makreo.com/report/united-states-corrugated-packaging-market-analysis-forecast-2018-2028
► Rising Costs in the US Corrugated Packaging Market
In early 2021, prices for corrugated sheets and boxes rose by 14% and 12%, respectively, driven by an additional USD 60 per ton increase for linerboard, implemented in increments of USD 20 in March and USD 40 in April. This USD 60 adjustment accounted for a 7.8% increase in paper costs, yet producers noted they needed an additional 4.2% to cover rising expenses. For example, timber prices reached five times their average, causing pallet costs to increase more than fourfold.
► US Corrugated Paper Market Imports Surge Amid Demand Fluctuations
In 2021, the United States ranked as the 11th largest global importer of corrugated paper, with imports totaling USD 79.9 million, making corrugated paper the 890th most imported product in the US. By January 2023, imports of paper and paperboard, including corrugated materials, reached USD 6.57 million, marking a 15.24% increase over the same period the previous year. According to the Fibre Box Association (FBA), however, US box shipments in September 2022 fell to 32.7 billion ft², down from an average of 34.5 billion ft² for the same month in 2021 and 2020, reflecting a 4.5% decline in Q3 2022 shipments year-over-year.
► Innovative Printing Techniques Drive Quality in the US Corrugated Packaging Market
To meet the need for high-quality, visually appealing packaging, the US corrugated packaging market utilizes various printing techniques, such as flexography, offset lithography, and digital printing. Flexographic printing, known for its versatility and efficiency, has secured the largest market share in the US corrugated packaging sector. Ultimately, the United States Corrugated Packaging Market provides a range of printing options, with choices based on specific packaging needs, including image complexity, quantity, and budget.
► Food and Beverage Sector Drives Demand in the US Corrugated Packaging Market
The Food and Beverages industry is one of the largest end-users of corrugated packaging in the United States. Corrugated packaging solutions play a critical role in the food and beverage industry by protecting the products during transportation, maintaining their freshness, and providing a convenient and visually appealing package for consumers.
► Processed Food Demand Boosts US Corrugated Packaging Market Growth
As busy lifestyles drive a shift toward convenience foods, demand for processed food is rising. Consumers are increasingly drawn to quick-cooking options, and the appeal of convenient yet nutritious food is also fueled by population growth. This trend directly impacts the United States Corrugated Box Market as it accommodates the packaging needs of a growing processed food industry.
► Growth Prospects Driven by Technological Advancements
The emergence of innovative technologies like fit-to-product (FtP) and box-on-demand is transforming the United States Corrugated Packaging Market. These advancements cater to the specific needs of major e-commerce players, such as Amazon, by enabling custom corrugated containers designed to fit products precisely, even those with unconventional shapes.
► Key Growth Sectors in the US Corrugated Market
The robust US manufacturing industry, which contributes over 24% to the nation's GDP, continues to position the country as a significant global manufacturing hub. This sector holds high potential for driving demand within the US Packaging Market, particularly for corrugated materials used across various industrial applications.
Industries with significant growth potential in the US Corrugated Market include:
• Chemicals
• Computer and electronic products
• Food, beverage, and tobacco products
• Aerospace and other transportation equipment
• Motor vehicles and parts
• Machinery
• Fabricated metal products
As manufacturing output continues to rise, corrugated packaging box demand is expected to benefit therefore a positive growth trend has been predicted by the Makreo team in the near future.
Makreo research has published a study on the packaging market specific to corrugated boxes titled, "United States Corrugated Packaging Market Analysis & Forecast (2018-2028)". The study evaluates corrugated packaging market demand and production facts with a detailed assessment of past and present market trends. The market has witnessed many shifts in the recent past that have impacted the profit margins of the players but also accounted for the rise in demand. E-commerce is an emerging sector in the country that has given significant push to the corrugated box demand. The report is the right blend of qualitative and quantitative factors with macroeconomic and microeconomic assessment. Competition has also been studied to verify our assessment using bottom-up approach.
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).
Country Assessed:
United States
EPTD & Market Dynamics:
• We have studied co-relation of major independent factors those have been covered under the sections:
• EPTD Analysis (Economic, Political, Technological and Demographic Factors)
• Market Trends and Developments
• Market Opportunities
• Market Challenges
Company's Mentioned
• 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
Related Reports:
Global Corrugated Packaging Market Size and Forecast (2018-2028)
https://www.makreo.com/report/global-corrugated-packaging-market-analysis-forecast-2018-2028
India Corrugated Packaging Market Future Outlook to 2027
https://www.makreo.com/report/india-corrugated-packaging-market-report-future-outlook-to-2027
Makreo Research and Consulting
801, Trishul Goldmine, Palm Beach, Sector 15, Belapur, Navi Mumbai, Maharashtra 400614
Contact us at:
Meetu Bhasin, Director of Research and Operations
Phone Number
+91-9619699069
Email Address
info@makreo.com
Makreo Research is a leading market research and consulting firm based in India, specializing in Syndicated Research, Custom Research, Consulting, and Market Surveys. With expertise in navigating complex market dynamics, we empower businesses to achieve success. Our services span a wide range of industries and geographies, including North America, LATAM, Europe, Asia-Pacific, Oceania, MENA, and more.
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