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 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.
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 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.
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 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.
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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