North America Corrugated Packaging Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The North American corrugated packaging market (henceforth referred to as the market studied) was valued at USD 38.66 billion in 2021, and it is expected to reach USD 46.38 billion by 2027, registering a CAGR of 3.23% from 2022 to 2027 (henceforth, referred to as the forecast period). The massive market for automotive spares creates an enormous opportunity for the corrugated board packaging vendors in this segment.
Key HighlightsThe North American Corrugated Packaging Market is a moderately segmented market with the presence of significant players like International Paper Company, Rengo Co. Ltd, Packaging Corporation of America, Cascades Inc., etc. There is increasing competition among local vendors in the market. Owing to the wide range of corrugated board suppliers, buyers can choose from multiple vendors. Companies are further innovating in terms of various flaps and opening types. Players such as Smurfit Kappa and Sealed air are trying to replace single-use plastics with boxes completely.
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