This market research report offers a comprehensive analysis of the corrugated box market in the US by end user (food and beverages, non-durable, and durable). The key vendors analyzed this market research are D S Smith, Georgia-Pacific, INDEVCO Group, International Paper, Kapstone, Mondi, Packaging Corporation of America, Smurfit Kappa, and WestRock.
Technavio has added released a new market research report on the corrugated box market in the US, which is expected to grow at a CAGR of 4% between 2016 and 2020. Corrugated boxes are preferred packaging material owing to their flexibility, durability, light-weight and cost-effectiveness. The demand for corrugated boxes and other packing materials is on the rise due to a rise in online shopping and demand from the processed food industry. Moreover, corrugated boxes come in various shapes and dimensions to meet the packaging requirements.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“One of the latest trends upcoming in this market is consumer’s preference towards eco-friendly alternatives in everything they buy. One of the major reasons why paper is the preferred choice of materials is that it can be recycled at least seven times, which is an advantage over other packing materials. The demand for corrugated boxes is rising across different verticals and especially in the non-durable goods sector. Manufacturers of packing materials are also focusing on offering environmentally friendly alternatives as it helps them to save money. Currently, most corrugated boxes are made up of 46% recycled materials. This also helps manufacturers to meet regulations set up by governments to protect the environment.
The F&B segment is the largest end-user of corrugates boxes, accounting for 44% of the overall market share. In the food and beverage sector, fresh produce and non-perishables are packaged and shipped in lightweight boxes. Beverages usually require heavier weight corrugated packaging. Non-food related items that require shipping boxes include medication, toiletries, clothing, and books to name a few. Factors that are contributing towards the growth of this segment are increased used of processed goods, a rise in online shopping, and M&A between major vendors.
The leading vendors in the corrugated box market in the US include D S Smith, Georgia-Pacific, INDEVCO Group, International Paper, Kapstone, Mondi, Packaging Corporation of America, Smurfit Kappa, and WestRock. It is a very competitive market. There are quite a few vendors, and the market is divided by products like corrugated, containerboard, and paperboard. No single company dominates the market exclusively, but a large section of the total market share is dominated by key vendors like DS Smith and Georgia-Pacific. Vendors also invest time and effort in recovering materials for recycling and reuse.
A more detailed analysis is available in the Technavio report, Corrugated Box Market in the US 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
