U.S. Corrugated Board Packaging Market By Type (Single Wall, Twin Wall, Single Faced, Triple Wall, Others), Product Type (Boxes, Cartons, Others), Board Type (Fiberboard, White Board, Solid Board, Chip Board, Others), Application (Food and Beverages, E-Commerce, Freight and Carrier, Electrical Goods, Personal Care and Home Care, Glassware and Ceramics, Healthcare, Chemical, Textile Goods, Cosmetics, Education, Construction, Others) – Industry Trends and Forecast to 2027
Market Analysis and Insights: U.S. Corrugated Board Packaging Market
U.S. corrugated board packaging market is expected to show a tremendous market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 4.3% in the forecast period of 2020 to 2027 and expected to reach USD 71,802.49 million by 2027 from USD 51,728.21 million in 2019. Ban of single use plastic packaging and increased need for corrugated board during the transportation of goods are the factors for the market growth.
Corrugated board packaging offer various benefits over plastic packaging solutions such as low harm to the environment, easy manufacturing & processing and others. Consumer’s changed attitude towards corrugated board packaging is augmenting the market growth as they are strong and easy to handle.
Expansion of e-commerce business in the developing nations as well as increasing demand for cartons in transportation of bottled liquids is helping in the growth of market. Phasing out of single use plastics will also drive the market. Corrugated cartons production for healthcare industry will further create new opportunities that will impact the corrugated board packaging market growth in the forecast period to 2027. For instance, ban on single-use plastic usage in New York, California and few other states are expected to boost the growth of the market in the coming years.
This corrugated board packaging market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
U.S. Corrugated Board Packaging Market Scope and Market Size
Corrugated board packaging market is segmented of the basis of type, product type, board type and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Based on type, the market is segmented into single wall, twin wall, single faced, triple wall and others. Single wall is dominating the market since the use of single wall corrugated packages has the major application in packaging of various types of food and beverages. For instance, with the drastic growth of about 20-25% in the food and beverage packaging from the previous year, the usage of single wall board type is also expected to increase in the coming years.
Based on product type, the market is segmented into boxes, cartons and others. Boxes are dominating the market since they can carry more amounts of goods in a safer way than the cartons and other corrugated board items used for packaging of goods. For instance, in the U.S., the packaging of different goods through boxes has increased by 16% from the previous year, particularly in e-commerce sector.
On the basis of board type, the market is segmented into fiberboard, white board, solid board, chip board and others. Easy availability of raw materials for making fiberboards in a cheaper way makes fiberboard the dominating segment. For instance, 70% of people prefer using fibreboard for the packaging of various goods, over other packaging solutions, particularly in the U.S.
Based on application, the market is segmented into food and beverages, e-commerce, freight and carrier, electrical goods, personal care and home care, glassware and ceramics, healthcare, chemical, textile goods, cosmetics, education, construction and others. The growing demand for consumption of packaged food in the urban cities and towns makes food and beverage the dominating segment. For instance, food and beverage markets represent the largest consumption group for packaging, using corrugated board. The net sales for pet food packaging itself reached USD 2,500 million in 2018, in the U.S.
Corrugated Cartons Production for Healthcare Industry and Growing Consumer Awareness Related to Eco-Friendly Packaging
U.S. corrugated board packaging market also provides you with detailed market analysis with its growth in the industry, giving corrugated board packaging sales, impact of technological advancements taking place in the market and changes in regulatory scenarios with respect to the market. The data is available for historic period 2010 to 2018.
Competitive Landscape and U.S. Corrugated Board Packaging Market Share Analysis
U.S. corrugated board packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, concept cars, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to the U.S. corrugated board packaging market.
The major players covered in the report are DS Smith, International Paper, Mondi, 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), WestRock Company, Amcor plc, NIPPON PAPER INDUSTRIES CO., LTD., Smurfit Kappa and Sealed Air. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
- In October 2019, NIPPON PAPER INDUSTRIES CO., LTD. acquired the paperboard fiber based packaging business of Orora Limited situated in Australia and New Zealand. The acquisition will help the company develop its product portfolio and generate huge revenues in the paperboard industry
- In August 2019, Rengo Co., Ltd. acquired TARUTANI Industrial Packaging, a Japan based manufacturer of packaging materials such as flexible containers and others. With the acquisition, the company will be able to provide their customers with the required products in the country
Partnership, expansion and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for corrugated board packaging solutions.
Customization Available: U.S. Corrugated Board Packaging Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), product under development data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.