Published Date: November 29, 2022
U.S. Corrugated & Folding Boxboard Market size is anticipated to be worth USD 110 billion by 2032, as per the latest research report published by Global Market Inshights Inc.
Stringent government regulations focused on promoting the aggressive use of eco-friendly packaging materials will drive the adoption of corrugated & folding boxboard across the country. Plastic packaging has received a lot of flak over the years on the back of the several health concerns associated with the product and the accelerating consumer shift toward sustainable packaging solutions. The sudden outbreak of the COVID-19 pandemic further accentuated this trend as people became more aware of the ill effects of poor-grade single-use plastics on human health and the environment.
These concerns encouraged the regional authorities to take necessary initiatives to minimize the amount of waste going into landfills and mitigate the environmental impact caused by these materials. For instance, in June 2022, the U.S. Interior Department announced that it would soon discontinue the procurement, sale, and distribution of single-use plastic products across national parks and other public lands by 2032 to mitigate plastic pollution. The move would help create a positive growth outlook for the U.S. corrugated & folding boxboard industry.
With regard to product, corrugated box segment is primed to be worth around USD 85.3 billion by 2032 and exhibit more than 3.5% CAGR through the projection period. The segmental gains can be attributed to the increasing usage of corrugated cardboard in a range of moving and packaging applications owing to its stiff and strong build and lightweight characteristics. These can easily be customized to varied thicknesses, sizing, and colors to transport and ship a variety of goods, including food, electronics, etc
In terms of printing technique, U.S. corrugated & folding boxboard market from lithography technique is predicted to garner over USD 37.4 billion by the end of 2032. The lithography technique is suitable for printing large volumes of a single design as it efficiently goes long run without losing a bit on quality. The technique offers excellent quality images and superior color detailing at relatively lower prices, along with wide availability and flexibility, offering it a competitive edge over its counterparts.
Browse key industry insights spread across 300 pages with 210 market data tables & 35 figures & charts from the report, “U.S. Corrugated and Folding Boxboard Market Statistics By Product (Corrugated [Single Phase, Single Wall, Double Wall, Triple Wall], Folding Boxboard), By Printing Technique (Lithography, Flexography, Digital Printing), By Industry (Food & Beverages, Personal Care & Home Care, Medical, Home Appliances & Electronics, Other FMCG, Agriculture, Industrial, Chemical & Plastics, Paper & Carton), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2023 – 2032” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/us-corrugated-and-folding-boxboard-market
With respect to the end-use spectrum, home and personal care segment is speculated to observe above 3.5% CAGR between 2023 and 2032 to reach over USD 5.4 billion by 2032. An increasing number of high-end luxury personal care brands making their foray into developed markets owing to the rising income levels and increasing inclination toward beauty and aesthetics. In addition, the expanding Hispanic population base and the increasing sales of home hygiene products due to the onset of several viral infections will transform the market dynamics.
Regionally, the Southwest U.S. corrugated & folding boxboard market is poised to expand at over 4% CAGR through 2032. Southwestern U.S. states, including Colorado, Arkansas, Louisiana, Montana, North Dakota, New Mexico, Oklahoma, Texas, etc., have witnessed a remarkable surge in the auto parts trade due to the flourishing landscape of OEMs and the automotive industry. The transportation and shipping of spare auto parts require robust packaging to protect them from adverse environments, thus creating optimistic scenarios for the regional industry.
Prominent companies in the U.S. corrugated & folding boxboard market are U.S. Corrugated Inc, Smurfit Kappa Group, DS Smith Plc, Danhil de México, S.A. de C.V., Montebello Container Company LLC., Acme Corrugated Box Co., Inc., and All Packaging Company. These players are developing innovative and advanced products to gain a competitive edge in the market.
Kiran Pulidindi, Hiralkumar Patel