US Corrugated Packaging Market Growth 2024, Rising Trends, Revenue, Industry Share, CAGR Status, Challenges, Opportunities and Forecast till 2033
United States Corrugated Packaging Market is projected to be worth USD 300081.37 million by 2033 and is anticipated to surge at a CAGR of 4.17%.
Anthonytone
Corrugated packaging is a versatile and durable packaging solution that is widely used for product protection, storage, and transportation. It is made of corrugated fibreboard. It is constructed of two linerboards and a fluted layer that delivers flexibility, strength, and cushioning. It is used in the food and beverage, electronics, pharmaceutical, e-commerce, and other industries, therefore corrugated packaging is highly recognized for its sustainability. It is made of renewable resources and is often fully recyclable. It is a popular choice among producers since it is lightweight, reasonably priced, and adaptable to a wide range of product shapes and sizes. Given its lightweight construction, enterprises may find cost-effective solutions, which reduces transportation expenses. It is also a well-liked choice for branding and product information displays due to its simplicity of printing.
According to SPER Market Research, ‘United States Corrugated Packaging Market Size - By Box Type, By Wall Construction, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2033’states that the United States Corrugated Packaging Market is estimated to reach USD 300081.37 million by 2033 with a CAGR of 4.17%.
Drivers:
The corrugated packaging industry in the United States is growing due to a number of important factors. The fast rise of e-commerce is a crucial element, as it raises the demand for trustworthy packing solutions to ensure safe delivery of items. Demand is also driven by the food and beverage sector, which need efficient packaging for consumables and ready-to-eat foods. Businesses are adopting sustainable packaging choices due to growing environmental concerns, as corrugated materials are recyclable and derived from renewable resources. Furthermore, efficiency and customisation are improved by advancements in packing technology, such as the use of lightweight materials and sophisticated printing techniques. The industry is expanding due in part to the trend toward customer convenience and the demand for branding opportunities, which makes corrugated packaging a top option for a variety of industries.
Restraints:
Numerous obstacles prevent the corrugated packaging sector in the US from expanding. Price fluctuations for raw materials, particularly for paper pulp, may have a big effect on a manufacturer's profitability and production costs. Alternative packaging options, such plastic and flexible packaging, which provide cost and durability benefits in specific applications, are another competitor in the market. Supply chain disruptions have caused material shortages and manufacturing delays. Furthermore, businesses who invest in eco-friendly products may see an increase in expenses as a result of tightening environmental restrictions and pressure to implement sustainable practices. Manufacturing labour shortages increase production complexity by reducing capacity and operational effectiveness.
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The COVID-19 pandemic affected the US corrugated packaging business in a variety of ways. Production delays and shortages of raw materials were first caused by manufacturing shutdowns and interruptions in the supply chain. However, the need for corrugated packaging expanded dramatically as a result of the lockdowns and social distancing measures that led to a growth in e-commerce, especially in industries like online shopping, food delivery, and healthcare. Transporting necessities in packaging that is both dependable and ecological is becoming increasingly important. The demand for certain industries, but as more companies adjusted to the growing trend of online purchasing, the industry expanded.
The Southern region dominates the United States corrugated packaging market due to its high concentration of manufacturing facilities and proximity to key industries like food and beverage, e-commerce, and logistics. Major players in the market are International Paper Company, Mondi Group, Smurfit Kappa Group, DS Smith PLC, WestRock Company and Others.
United States Corrugated Packaging Market Segmentation:
By Box Type: Based on the Box Type, United States Corrugated Packaging Market is segmented as; Rigid/Bliss Boxes, Self-Erecting Boxes, Telescope Boxes, Slotted Boxes.
By Wall Construction: Based on Wall Construction, United States Corrugated Packaging Market is segmented as; Single-Wall Corrugated, Double-Wall Corrugated, Triple-Wall Corrugated.
By Application: Based on the Application, United States Corrugated Packaging Market is segmented as; Food & Beverages, Electronic Goods, Personal Care, Pharmaceuticals & Healthcare, Others.
By Region: This research also includes data for Northeast Region, Midwest Region, South Region, West Region of United States.
For More Information, refer to below link: –
United States Corrugated Packaging Market Forecast
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