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), Printing type technique (Lithography, Flexography, Digital printing) End users (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 2029.
U.S Corrugated Board Packaging Market Analysis and Size
U.S. corrugated board packaging market is expected to gain drive in the coming years due to the expansion of e-commerce as well as significant growth in digital printing technologies. In the U.S., involvement of online shopping in the whole retail segment has been raise from 5.5% in 2000 to 11.4% in 2018. Due to the increase in the deliveries of e-commerce packages, there is an increased demand for corrugated board packaging.
Data Bridge Market Research analyses that U.S corrugated board packaging market was valued at USD 80.58 billion in 2021 and is expected to reach USD 110.28 billion by 2029, registering a CAGR of 4% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Market Definition
Corrugated board packaging is a flexible and cost-efficient process to protect, preserve, and transport an extensive range of products. The corrugated board's features, such as light weightiness, biodegradability, and recyclability, have made it an essential component in the packaging industry.
It is typically constructed of recycled, kraft, or parchment paper and is subjected to a number of mechanical and chemical processes to achieve a specified weight and colour. Multiwall paper sacks, flat paper, and handled bags are some of the most common types of corrugated board packaging in the United States. Unlike plastic bags, these bags are recyclable, strong, lightweight, and extremely adaptable to match the needs of individual consumers.
U.S Corrugated Board Packaging Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Single Wall, Twin Wall, Single Faced, Triple Wall, Others), Product (Boxes, Cartons, Others), Board Type (Fiberboard, White Board, Solid Board, Chip Board, Others), Printing technique (Lithography, Flexography, Digital printing) End users (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)
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Market Players Covered
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DS Smith (UK), International Paper (US), Mondi (UK), Cascades inc (Canada), AMERICAN BOX COMPANY (US), U.S. Corrugated, Inc (US), Georgia-Pacific (US), Koch Industries Inc (US), Menasha Corporation (US), Rengo Co., Ltd (Japan)., Green Bay Packaging inc (US), WestRock Company (US), Amcor plc (Switzerland), NIPPON PAPER INDUSTRIES CO., LTD. (Japan), Smurfit Kappa (Ireland) and Sealed Air (US)
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Market Opportunities
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U.S Corrugated Board Packaging Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Expansion of e-commerce business in the developing nations
Rise in food packaging is always increasing demand for corrugated packages, which is the growth factor of e-commerce shipments. These are some drivers market which is resulting from the Covid-19 outbreak. Expansion of e-commerce business in the growing nations and rising demand for cartons in the transportation of bottled liquids is helping in the growth of market.
Opportunities
- Corrugated cartons production for healthcare industry
Corrugated cartons production for the healthcare industry will further create new opportunities that will impact the growth of the corrugated board packaging market in the forecast period. The increasing number of demand will boost new market opportunities for the market's growth rate.
Furthermore, an increase in strategic collaborations and the emergence of new markets would act as market drivers, boosting advantageous chances for the industry's growth rate.
Restraints/ Challenges
The government needs to save forests, which may have an impact on market growth. Furthermore, paperboard waste is stacking up because the recycling rate is poor in comparison to supply and demand. According to the Fiber Box Association, while 90 percent of corrugated packaging is recycled, the remaining 10 percent contributes to environmental trash, which may impede the global market landscape.
U.S corrugated board packaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on theU.S corrugated board packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on U.S Corrugated Board Packaging Market
A coronavirus epidemic occurred in 2019, culminating in a global pandemic of COVID-19., the business had decreased 20-25 percent, which will undoubtedly affect the corrugated board packaging market since they are utilised to ship large merchandise in retail outlets. However, the increased use of e-commerce to purchase vital products, particularly in emerging nations, has an impact on market growth. A fundamental shift in business standards, some government norms and regulations, e-commerce legislation, and customer preferences has resulted in a reduction in the use of ecologically friendly solutions.
Recent Development
- In September 2021, Heinz Partners with WestRock to exchange shrink-wrapped multipacks of Heinz beanz, Heinz soups, and Heinz pasta diversities on supermarket shelves with recyclable paperboard developed by WestRock. It is Eco-Friendly and recyclable and comes from sustainably managed forests. The advanced wrap design uses no glue and 50% less material than a completely enclosed wraparound box and 10% less than a traditional paperboard sleeve design.
- In August 2021, Mondi group launched seven new sustainable corrugated packaging solutions to increase online grocery delivery services in Central Europe. Grocery retailers can deliver multiple goods, from consumable food to wine bottles.
U.S Corrugated Board Packaging Market Scope
U.S corrugated board packaging market is segmented on the basis of type, products, board type, printing technique and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Single Wall
- Twin Wall
- Single Faced
- Triple Wall
- Others
On the basis of type, the U.S corrugated board packaging market is segmented into flat paper bag, multi-wall paper sacks, open mouth, pasted valve, lock paper bag, self-opening-style (SOS) bags, stand up pouch and others.
Product
- Boxes
- Cartons
- Others
On the basis of product, the U.S corrugated board packaging market is segmented Boxes, Cartons, Others.
Board Type
- Fiberboard
- White Board
- Solid Board
- Chip Board
- Others
On the basis of board type, the U.S corrugated board packaging market is segmented into Fiberboard, White Board, Solid Board, Chip Board, Others.
Printing Technique
- Lithography
- Flexography
- Digital printing
On the basis of printing technique, the U.S corrugated board packaging market is segmented into Lithography, Flexography, Digital printing.
End-User
- 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
On the basis of end-user, the U.S corrugated board packaging 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, Others.
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, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to U.S corrugated board packaging market.
Some of the major players operating in U.S corrugated board packaging market are:
- DS Smith (UK)
- International Paper (US)
- Mondi (UK)
- Cascades inc (Canada)
- AMERICAN BOX COMPANY (US)
- U.S. Corrugated, Inc (US)
- Georgia-Pacific (US)
- Koch Industries Inc (US)
- Menasha Corporation (US)
- Rengo Co., Ltd (Japan)
- Green Bay Packaging inc (US)
- WestRock Company (US)
- Amcor plc (Switzerland)
- NIPPON PAPER INDUSTRIES CO., LTD. (Japan)
- Smurfit Kappa (Ireland)
- Sealed Air (US)
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