Executive Summary
Executive Summary: The US corrugated packaging market stands out as a developed and highly competitive sector, boasting industry giants such as International Paper, Packaging Corporation of America, WestRock Company, and Matthews International Corp. This thriving market positions the US as one of the world's largest consumers of packaging. The landscape, however, has been significantly influenced by the COVID-19 pandemic, which led to a surge in online shopping and home delivery, subsequently driving up the demand for packaging supplies. As a result, corrugated box shipments experienced a rapid increase, leading to a current scenario where corrugated boxes are not only in higher demand but also more expensive and scarcer in certain regions.
Over the past few years, several factors have contributed to the consistent growth of the US corrugated packaging box market. A notable catalyst is the expansion of e-commerce and online shopping, amplifying the need for packaging supplies, particularly corrugated boxes. This surge in demand is further propelled by businesses' preference for corrugated boxes as an environmentally friendly option that can be recycled, solidifying the steady growth trajectory of the US corrugated packaging box market.
The market also witnesses a surge in demand driven by the growing preference for convenience foods, spurred by today's busy lifestyles. Corrugated board packaging emerges as a solution that not only shields goods from moisture but also withstands extended shipping durations. Consequently, businesses are increasingly adopting corrugated packaging to enhance customer satisfaction, especially when used as secondary or tertiary packaging. This uptick in demand is notably pronounced in the realm of processed foods, encompassing items like bread, meat products, and perishable goods, all of which necessitate packaging materials designed for single-use purposes. Mini-flute corrugated boxes have played a pivotal role in this surge, gaining traction in market segments such as cereal boxes and takeaway food packaging.
In summary, the US corrugated packaging market remains robust and responsive to evolving market dynamics. Industry leaders and emerging players alike navigate the competitive landscape, adapting to the increased demand fueled by e-commerce, sustainability considerations, and the burgeoning market for convenience foods. As the industry continues to evolve, the prominence of the US corrugated packaging market is set to endure, with a focus on innovation and environmental consciousness.
Performance of Segmentation:
By Printing Technique: To ensure the production of high-quality and visually appealing packaging products, various printing techniques are employed in the US corrugated packaging market. The US corrugated packaging market, categorized by printing technique, includes flexography, offset lithography, Digital Printing, and others. Flexographic printing, known for its adaptability, dominates the market, holding the largest share in the US corrugated market. This printing method plays a crucial role in enhancing the aesthetic appeal and quality of packaging products within the dynamic landscape of the US corrugated packaging market.
By End User: The United States Corrugated Packaging Market is a diverse industry that serves a wide range of end-users across various industries. Some of the major end-users of corrugated packaging in the United States are Food and Beverages, Healthcare & Pharmaceuticals, Paper Products, Electrical & Electronics, Personal care & Household, Chemicals, and Others. The US Corrugated Packaging Market's largest market share is held by the food and beverage industry, which also uses corrugated packaging extensively. Food products like cereals, snacks, frozen foods, beverages, and more are packaged in corrugated boxes and containers.
Future Outlook
In the coming years, as sustainability becomes a crucial issue across the supply chain, the US corrugated packaging market is witnessing a significant shift towards corrugated board as a common packaging material. Acceptance of corrugated protective forms has surged compared to polymer-based substitutes, such as EPS foams. This trend is further fueled by the rise of e-commerce and advancements in digital printing techniques. The market for corrugated packaging is poised to expand rapidly, driven by the substantial increase in online sales, particularly within the corrugated business, which constitutes approximately 80% of the e-commerce market's demand.
However, post-pandemic transition patterns and concerns about a future recession may impact the demand for packaging in the coming years. Despite these challenges, producers are actively boosting supply, marking yet another fundamental shift for the market.
Makreo Research has conducted a comprehensive study on the United States corrugated packaging market titled “United States Corrugated Packaging Market Analysis and Forecast (2018-2028)”. The market assessment employs both qualitative and quantitative methods, considering the impact of trade and microeconomic scenarios. The market has undergone significant changes in the aftermath of the COVID-19 outbreak, prompting a notable surge in the eCommerce industry. This surge has, in turn, driven demand for corrugated boxes. The study also includes an analysis of the competitive landscape to validate our assessment. The future outlook has been evaluated, taking various influencing factors into consideration, to assess the expected opportunities in the US corrugated packaging market.
Segmentation Covered:
Companies Covered:
Key Questions Answered
Table of Content
Report Synopsis
Country Overview: United States
The United States Corrugated Packaging Box Market Introduction
1.1 Objective of the Study
1.2 Research Process
1.3 Data Collection Methods
1.4 Analytical Framework
2. The U.S. Corrugated Packaging Market– EPTD Analysis
2.1. Country Overview – EPTD Analysis
2.2. EPTD Analysis – Economic Overview
2.3. EPTD Analysis – Political Overview
2.4. EPTD Analysis – Technological Overview
2.5. EPTD Analysis – Demographic Overview
3. Trade Performance
3.1. Global Trade Performance - Cartons, Boxes & Cases, of Corrugated Paper or Board
3.2. Trade Performance – The U.S. Corrugated Paper Import & Export
3.3. Exports – The U.S. Paper and Paperboard; Cartons, Boxes and Cases
3.4. Imports – The U.S. Paper and Paperboard; Cartons, Boxes and Cases
4. The U.S. Corrugated Packaging Market – Past and Present Performance
4.1. The U.S. Corrugated Packaging Market – An Overview
4.1.1. The U.S. Corrugated Packaging Market– Key Facts
4.1.2. Leading Cardboard Box Manufacturers and Suppliers in th U.S.
4.2. The U.S. Paper & Paperboard Production and Capacity
4.2.1. The U.S. Pulp and Paper & Paperboard Production
4.2.2. The U.S. Pulp Capacity by Type of Pulp
4.2.3. The U.S. Paper & Paperboard Capacity
4.3. The U.S. Corrugated Packaging Market- Price Scenario
4.4. The U.S. Corrugated Packaging Market– Past and Present Performance
4.4.1. The U.S. Corrugated Packaging Shipments
5. The United States Corrugated Packaging Market Segmentation
5.1. The U.S. Corrugated Packaging Market - by Printing Techniques
5.2. The U.S. Corrugated Packaging Market - by End User
5.2.1. The U.S. Corrugated Packaging Market by End User: Food & Beverages
5.2.2. The U.S. Corrugated Packaging Market by End User: Electrical & Electronic
6. The United States Corrugated Packaging Box Market Future outlook
6.1. The U.S. Corrugated Packaging Market– Future Outlook
6.2. The U.S. Corrugated Packaging Shipment Performance – Future Outlook
6.3. The U.S. Corrugated Packaging Market- Price Outlook
6.4. Factors to Drive Future Growth of the U.S. Corrugated Packaging Market
7. The United States Corrugated Packaging – E-commerce Market
7.1. Digital Buyers Outlook
7.2. E-commerce Market Potential and Growth
7.3. Impact of E-commerce Industry on the Packaging Sector
8. United States Corrugated Packaging Market Dynamics
8.1. Recent Trends & Developments
8.2. Industry Drivers
8.3. Industry Challenges
9. United States Corrugated Packaging Market – Competitive Landscape
9.1. The U.S. Corrugated Packaging Market – Competitive Landscape
9.2. The U.S. Corrugated Packaging Market Mergers /Acquisitions/ Investments 2018-2022
9.3. The United States Corrugated Packaging Market– Funding Timeline
10. United States Corrugated Packaging Market- Company Profile
10.1. Company Profile- International Paper Company
10.2. Company Profile- Packaging Corporation of America
10.3. Company Profile- WestRock Company
10.4. Company Profile- Matthews International Corp.
10.5. Company Profile- Graphic Packaging Holding Co.
10.6. Company Profile- Deluxe Packaging Inc.
10.7. Company Profile- Western Container Company
10.8. Company Profile- Associated Bag
10.9. Company Profile- Larsen Packaging Products
10.10. Company Profile- Emenac Packaging
Analyst Recommendations
Limitations of the Study
List of Figures & Tables