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U.S. Corrugated and Folding Boxboard Market Size - By Product (Corrugated, Folding Boxboard), By Printing Technique (Lithography, Flexography, Digital Printing), By End-User (Food & Beverages, Medical, Agriculture, Industrial), & Forecast, 2023 - 2032


Published on: 2024-07-25 | No of Pages : 240 | Industry : Packaging

Publisher : MIR | Format : PDF&Excel

U.S. Corrugated and Folding Boxboard Market Size - By Product (Corrugated, Folding Boxboard), By Printing Technique (Lithography, Flexography, Digital Printing), By End-User (Food & Beverages, Medical, Agriculture, Industrial), & Forecast, 2023 - 2032

U.S. Corrugated and Folding Boxboard Market Size

U.S. Corrugated and Folding Boxboard Market size exceeded USD 75 billion in 2022 and is set to witness more than 3.5% CAGR from 2023 to 2032. The robust outlook of the E-commerce sector worldwide and the subsequent rise in demand for packaging materials in the country will propel the demand for corrugated & folding boxboard in the U.S.

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E-commerce sector has witnessed a noticeable surge in new consumers and activity in recent years owing to the onset of the COVID-19 pandemic and a significant shift in buyer behavior. Online platforms provide customers with attractive deals and discounts while offering greater personalization and connectivity through regular updates about the latest products. This helps them gain better customer engagement and improved business outcomes.
 

U.S. Corrugated and Folding Boxboard Market Report Attributes
Report Attribute Details
Base Year 2022
U.S. Corrugated and Folding Boxboard Market Size in 2022 USD 75 Billion
Forecast Period 2023 to 2032
Forecast Period 2023 to 2032 CAGR 3.6%
2032 Value Projection USD 110 Billion
Historical Data for 2018 to 2022
No. of Pages 300
Tables, Charts & Figures 245
Segments covered Product, Printing Technique, End-use, and Region
Growth Drivers
  • Proliferating E-commerce industry
  • Advantages offered by corrugated and folding boxes
Pitfalls & Challenges
  • Volatile raw material prices

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Corrugated & folding boxboards are made of several raw materials, such as virgin & recycled fibers, pulp, starch, kraft paper, etc., that undergo frequent price changes, restraining the market growth. On the other hand, the availability of a comprehensive product portfolio and the increasing product utilization across a number of end-use verticals will strengthen the U.S. corrugated & folding boxboard industry outlook through to 2032.

U.S. Corrugated and Folding Boxboard Market Analysis

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With respect to the product category, the industry bifurcates into corrugated boxes and folding boxboards. The folding boxboard (FBB) segment is projected to garner over USD 23 billion by 2032. FBB packaging has a storage-friendly format and involves shorter production time and low production costs, making it a preferred alternative over its counterparts. Besides, the exceptional attributes, such as efficiency in the production and packing process, unparalleled quality, and performance associated with the product, will propel segment revenues through the coming years.

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Based on printing techniques, the U.S. corrugated and folding boxboard market is segregated into lithography, flexography, digital printing, and others. The flexography segment is slated to showcase more than 3.5% CAGR between 2023 and 2032. Flexography, also known as flexo, is an extensively utilized, quick, and economical technique of printing simple designs to a range of packaging materials, including corrugated-cardboard boxes, plastic and paper containers, envelopes, tape, metal foil, etc. The method is highly versatile and sustainable and delivers high-quality images at affordable prices fostering its adoption over the forthcoming years.

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Regarding the end-user, the food and beverages segment is predicted to amass more than USD 48.5 billion by 2032, owing to the flourishing retail and e-commerce sector and the proliferation of online sales channels across the country. The region has also witnessed a considerable rise in demand for packaged and processed food items, which has resulted in the increased uptake of corrugated & folding boxboard, transforming the market dynamics over the projection period.

Regionally, the Northwest U.S. corrugated and folding boxboard market is poised to depict more than 3.5% growth rate from 2023 to 2032 and record a valuation of over USD 25 billion by 2032. Northwestern U.S. states such as Washington, Oregon, Idaho, Wyoming, and Montana have a robust pharmaceutical sector. An increasing number of pharmaceutical manufacturers making their foray into e-commerce and offering home delivery services will fuel the regional industry trends through 2032.

U.S. Corrugated and Folding Boxboard Market Share

Notable players in the  U.S. corrugated & folding boxboard market include

  • Smurfit Kappa Group
  • U.S. Corrugated Inc
  • DS Smith Plc
  • All Packaging Company
  • Danhil de México
  • Montebello Container Company LLC.
  • S.A. de C.V.
  • and Acme Corrugated Box Co., Inc.

Companies in the market have been focusing on building their alliances to strengthen their business standing and expand their existing customer base.

Impact of COVID-19 Pandemic

The COVID-19 pandemic positively influenced the U.S. corrugated and folding boxboard market. The imposition of stringent lockdown measures shifted people's preference toward online shopping platforms for essential commodities, such as food, pharmaceuticals, etc. Besides, the strict regulatory mandates on single-use plastic packaging and accelerating green transition further encouraged end-use industries to utilize sustainable packaging alternatives. These factors, in tandem, boosted the industry growth during the crisis and are expected to continue following a similar trend over the next ten years.

The U.S. corrugated and folding boxboard market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in million square feet and revenue in USD million from 2018 to 2032 for the following segments

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By Product

 

  • Corrugated Box
    • Single phase corrugated box
    • Single wall corrugated box
    • Double wall corrugated box
    • Triple wall corrugated box
  • Folding boxboard

By Printing Technique

  • Lithography
  • Flexography
  • Digital Printing
  • Others

By End-user

  • Food & beverages
  • Personal Care & Home Care
  • Medical
  • Home Appliances & Electronics
  • Other FMCG
  • Agriculture
  • Industrial
  • Chemical & Plastics
  • Paper & Carton
  • Others

By Region

  • Southwest U.S.
    • Arizona
    • Texas
    • New Mexico
    • Ro Southwest U.S.
  • Northwest U.S.
    • California
    • RoNorthwest U.S.
  • Southeast U.S.
  • Midwest U.S.
  • Northeast U.S.

 

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