U.S. Corrugated and Folding Boxboard Market Size
U.S. Corrugated and Folding Boxboard Market size exceeded USD 75 billion in 2022 and is set to witness more than 3.5% CAGR from 2023 to 2032. The robust outlook of the E-commerce sector worldwide and the subsequent rise in demand for packaging materials in the country will propel the demand for corrugated & folding boxboard in the U.S.
The start of the COVID-19 epidemic and a major change in buyer behavior have clearly resulted in a rise in new consumers and activity in the e-commerce sector recently. Through consistent updates on the newest products, online platforms give consumers more personalizing and connectivity as well as appealing prices and discounts. This assists them to increase commercial results and greater client involvement.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| U.S. Corrugated and Folding Boxboard Market Size in 2022 | USD 75 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 3.6% |
| 2032 Value Projection | USD 110 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 300 |
| Tables, Charts & Figures | 245 |
| Segments covered | Product, Printing Technique, End-use, and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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Made of many raw materials including virgin and recycled fibers, pulp, starch, kraft paper, etc., corrugated and folding boxboards slow down market expansion by constant price fluctuations. Conversely, the availability of a complete product range and the rising product use across several end-use verticals would improve the U.S. corrugated and folding boxboard industry projection through to 2032.
U.S. Corrugated and Folding Boxboard Market Analysis
Regarding the product category, the sector divides itself between folding boxboards and corrugated boxes. By 2032, the segment on folding boxboard (FBB) is expected to generate over USD 23 billion. Preferred over its predecessors, Facebook packaging has a storage-friendly design and entails reduced manufacturing time and inexpensive production expenses. Apart from the outstanding qualities, such unmatched quality, performance connected with the product, and efficiency in the manufacturing and packaging process, will drive segment revenues through the next years.
Lithography, flexography, digital printing, and others define the U.S. corrugated and folding boxboard market based on printing methods. Between 2023 and 2032 the flexography segment is expected to demonstrate more than 3.5% CAGR. Printing simple designs to a variety of packaging materials, including corrugated-cardboard boxes, plastic and paper containers, envelopes, tape, metal foil, etc., flexography—also known as flexo—is a fast, cheap method used extensively. The approach is quite flexible and sustainable, and it provides excellent pictures at reasonable rates, which promotes its acceptance over the next years.
Regarding the end-user, the food and beverages segment is predicted to amass more than USD 48.5 billion by 2032, owing to the flourishing retail and e-commerce sector and the proliferation of online sales channels across the country. The region has also witnessed a considerable rise in demand for packaged and processed food items, which has resulted in the increased uptake of corrugated & folding boxboard, transforming the market dynamics over the projection period.
Regionally, the Northwest U.S. corrugated and folding boxboard market is poised to depict more than 3.5% growth rate from 2023 to 2032 and record a valuation of over USD 25 billion by 2032. Northwestern U.S. states such as Washington, Oregon, Idaho, Wyoming, and Montana have a robust pharmaceutical sector. An increasing number of pharmaceutical manufacturers making their foray into e-commerce and offering home delivery services will fuel the regional industry trends through 2032.
U.S. Corrugated and Folding Boxboard Market Share
Notable players in the U.S. corrugated & folding boxboard market include
- Smurfit Kappa Group
- U.S. Corrugated Inc
- DS Smith Plc
- All Packaging Company
- Danhil de México
- Montebello Container Company LLC.
- S.A. de C.V.
- and Acme Corrugated Box Co., Inc.
Companies in the market have been focusing on building their alliances to strengthen their business standing and expand their existing customer base.
Impact of COVID-19 Pandemic
The COVID-19 pandemic positively influenced the U.S. corrugated and folding boxboard market. The imposition of stringent lockdown measures shifted people's preference toward online shopping platforms for essential commodities, such as food, pharmaceuticals, etc. Besides, the strict regulatory mandates on single-use plastic packaging and accelerating green transition further encouraged end-use industries to utilize sustainable packaging alternatives. These factors, in tandem, boosted the industry growth during the crisis and are expected to continue following a similar trend over the next ten years.
The U.S. corrugated and folding boxboard market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in million square feet and revenue in USD million from 2018 to 2032 for the following segments
By Product
- Corrugated Box
- Single phase corrugated box
- Single wall corrugated box
- Double wall corrugated box
- Triple wall corrugated box
- Folding boxboard
By Printing Technique
- Lithography
- Flexography
- Digital Printing
- Others
By End-user
- Food & beverages
- Personal Care & Home Care
- Medical
- Home Appliances & Electronics
- Other FMCG
- Agriculture
- Industrial
- Chemical & Plastics
- Paper & Carton
- Others
By Region
- Southwest U.S.
- Arizona
- Texas
- New Mexico
- Ro Southwest U.S.
- Northwest U.S.
- California
- RoNorthwest U.S.
- Southeast U.S.
- Midwest U.S.
- Northeast U.S.
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