WestRock Company, International Paper, Mondi are dominating the market for U.S. Corrugated Board Packaging Market in 2019

U.S. Corrugated Board Packaging Market is expected to grow at a CAGR of 4.3% in the forecast period 2020 to 2027. The years considered for study are as mentioned below.

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U.S. corrugated board packaging market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased various strategic developments owing to favourable market scenario.

The major players dealing in U.S. corrugated board packaging market are introducing new innovations related to the market. This has also helped the company to maximize the sales with enhanced product portfolio. For instance, in October 2018, Mondi innovated a unique sustainable solution, which is a next generation bag-in-box technical films to increase the performance and functionality of films. With this innovation, the company will be able to fulfil the growing needs of customers across the globe

WestRock Company is the dominating player in the corrugated board packaging market and accounts the highest market share in 2019, which is followed by International Paper, Mondi, DS Smith, Cascades inc. AMERICAN BOX COMPANY, U.S. Corrugated, Inc., Georgia-Pacific (A subsidiary of Koch Industries Inc.), Menasha Corporation, Rengo Co., Ltd., Wisconsin Packaging (A subsidiary of Green Bay Packaging), Amcor plc, NIPPON PAPER INDUSTRIES CO., LTD., Smurfit Kappa, Sealed Air among others.

WestRock Company

WestRock Company headquartered in Atlanta, U.S., was founded in 2015. The company performs its business from segments such as corrugated packaging, consumer packaging, land and development.

For instance,

  • In March 2019, WestRock Company announces the acquisition with Linkx Packaging Systems. Through this acquisition, the company is aiming to expand their product portfolio of automated packaging system.

The company has wide global presence across the globe such as Asia-Pacific, North America, South America and Europe. In addition to it, the company also generates its revenue from its subsidiary company names as Kapstone (U.S.).

International Paper:

International Paper headquartered in Tennessee, U.S., was founded in 1898. The company performs its business from segments such as industrial packaging, global cellulose fibers and printing papers.

For instance,

  • In May 2019, International Paper signed an agreement with the West Coast Paper Mills Limited to sell its present controlling shares to an Indian based paper business namely International Paper APPM Limited. The agreement is focused on the growth of global packaging and cellulose fiber business segment resulting in increase of the market shares of the company.

The company has wide global presence across the globe such as North America, South America, Europe, Middle East & Africa and Asia-Pacific. In addition to it, the company also generates its revenue from the various subsidiary companies such as TempleInLand  (U.S.), Hammermill Paper Company (U.S.), Cartonajes Union S.L. (Spain), Weldwood of Canada, Ltd. (Canada), xpedx, LLC (U.S.) among others.

Mondi

Mondi headquartered in Vienna, Austria, was founded in 1967. The company performs its business from segments such as fibre packaging, consumer packaging and uncoated fine paper.

For instance,

  • In July 2018, Mondi expanded the production capacity of their heavy-duty corrugated capabilities, at their Mondi Simet facility, located in Poland. With the expansion, the company is able to deliver seven-layer corrugated board at an extremely high speed, giving variety of products at a short time period.

The company has presence in Europe, Russia, North America and South Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as Mondi Moss AS (Norway), Mondi Packaging Paper Sales Asia Pte. Limited (Singapore), Mondi Coating Co. Ltd (Thailand), Mondi Packaging Bags Ukraine LLC (Ukraine), Mondi Bags USA, LLC (USA), Hypac Limited (UK), Mondi Dynäs AB (Sweden) among others.

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