United States Corrugated Packaging Market Analysis & Forecast (2018-2028)

United States Corrugated Packaging Market Analysis & Forecast (2018-2028)

Executive Summary

The US corrugated box packaging market is a developed and highly competitive sector. With companies including International Paper, Packaging Corporation of America, WestRock Company, and Matthews International Corp. among its packaging juggernauts, US is one of the world's largest consumers of packaging. 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. Due to this, corrugated boxes are now more expensive and scarcer in some areas.

Throughout the past few years, a variety of factors have contributed to the steady growth of the US corrugated packaging box market. One significant factor is the expansion of e-commerce and online shopping, which has raised demand for packaging supplies like corrugated boxes. In addition, corrugated boxes are a preferred option 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.

Increasing Demand for Convenience Food: Due to busy lifestyle, there is an increase in the desire for convenience foods. Corrugated board packaging protects goods from moisture and withstands lengthy shipping times, so businesses are using it more frequently to provide better results to consumers, particularly as a means of secondary or tertiary packaging. The demand is fueled by processed foods, such as bread, meat products, and other perishable goods, which require these packing materials to be used only once. Corrugated boxes have been able to increase their market share in marketplaces like cereal boxes and takeaway food packaging thanks to the use of mini-flute corrugated boxes in some industries.

Performance of Segmentation

By Printing Technique: To produce high-quality and aesthetically appealing packaging products, a variety of printing techniques are used in the US Corrugated Packaging Market and the US Corrugated Packaging Market by printing technique is divided into Flexography, Offset Lithography, Digital Printing and Others. Flexographic printing has become one of the most popular printing methods because of its adaptability, and it has the largest market share in the US corrugated packaging market.

By End User: The United States Corrugated Packaging Market is a diverse industry that serves a wide range of end-users across various industries. Some of the major end-users of corrugated packaging in the United States are: Food and Beverages, Healthcare & Pharmaceuticals, Paper Products, Electrical & Electronics, Personal care & Household, Chemicals and Others. The US Corrugated Packaging Market's largest market share is held by the food and beverage industry, which also uses corrugated packaging extensively. Food products like cereals, snacks, frozen foods, beverages, and more are packaged in corrugated boxes and containers.

Future Outlook

In the coming years, as sustainability becomes a crucial issue across the supply chain, corrugated board is becoming a common packaging material. Acceptance of corrugated protective forms has increased in comparison to polymer-based substitutes such (EPS) foams. The market for corrugated packaging is expected to expand as a result of the rise of e-commerce and advancements in digital printing techniques. The need for packaging will be severely impacted by the quickly rising online sales, especially in the corrugated business, which accounts for around 80% of the e-commerce market's demand. On the other hand, The post-pandemic transition patterns and concerns about a future recession is expected to dim the prognosis for demand in coming years, but producers are still boosting supply, adding yet another fundamental shift for the market.

Makreo research has published study on Corrugated Packaging Market titled, “United States Corrugated Packaging Market Analysis and Forecast (2018-2028)”. Market assessment has been carried out using qualitative and quantitative methods and have combined the impact of trade and micro economic scenario. The market has witnessed many shifts in recent past after the COVID-19 outburst that given a suggest push in the market therefore, we have studied the performance of eCommerce Industry which has given a significant push to the corrugated box demand as well as Competition has also been studied to verify our assessment. Future outlook has been assessed keeping various influencing factors into consideration and also to assess the expected opportunities in the market.

Segmentation Covered:

• 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

Company’s Assessed

• 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