United States corrugated packaging market size was valued at USD 7.92 billion in 2022 which is expected to reach USD 12.1 billion in 2030 with a CAGR of 5.4% for the forecast period between 2023 and 2030
Home>Industry Reports>United States Corrugated Packaging Market Assessment, Opportunities and Forecast, 2016-2030F
United States corrugated packaging market size was valued at USD 7.92 billion in 2022, which is expected to grow to USD 12.1 billion in 2030, with a CAGR of 5.4% during the forecast period between 2023 and 2030. The primary trends augmenting the market growth are the increasing production activities related to food & beverage products and the rising utilization of corrugated boxes to protect electrical & electronic products from impact & shock.
The increasing self-reliability targets for food products and the rising sustainability standards are the factors boosting the growth of the food & beverage industry in the United States. Likewise, the electrical & electronics industry growth in the United States is ascribed to vital variables such as rising investments in new manufacturing facilities, government subsidies, etc. Hence, the booming food & beverage and electrical & electronics industries are accelerating the demand for corrugated packaging in the United States to protect the packed content from deterioration, propelling market growth.
Significant Growth of the Food & Beverage Industry Supplements Demand
Corrugated packaging products are utilized in the food & beverage industry to minimize wastage, enhance cost-effectiveness, and increase sustainability. Corrugated packaging is employed in food & beverage products such as specialty food, dairy products, etc. Also, the rising intake of nutritional food content, increasing retail & food service, and sales of specialty food products are the vital trends spurring the United States food & beverage industry.
For instance, according to the Specialty Food Association, Inc., in 2022, the specialty food products industry in the United States was valued at USD 194 billion, an increase of 9.3% compared to 2021. Thus, expanding the food & beverage industry in the United States is boosting the demand for corrugated packaging to supply food & beverage products in superior condition, thereby driving the market growth.
Government Initiatives for the Electrical & Electronics Industry is Augmenting the Market Growth
Electrical & electronic products are fragile and highly prone to damage during the transit phase. Corrugated packaging products comprise multiple sheets of container board, which provide superior structural protection to electronic products during their transportation and storage phase. The favorable regulatory framework to accelerate the production activities related to electronic item manufacturing fosters the growth of the United States electrical and electronics industry.
For instance, in May 2022, the United States government implemented the Supporting American Printed Circuit Boards Act of 2022. The act promotes the domestic production of printed circuit boards in the United States. As a result, the pro-government measures are to accelerate the production of electrical & electronics products in the United States, fueling the demand for corrugated packaging, which is proliferating the corrugated packaging market growth.
Surging Demand for Corrugated Boxes in the United States is Accelerates Market Growth
The superior performance features of the corrugated boxes include ease of customizing, maximum protection, and biodegradability. As a result, the corrugated boxes are ideal for application in various end-use industries in the United States, including food & beverage, e-commerce, transport & logistics, etc. The increasing sustainability targets in the United States are prompting the manufacturers of corrugated boxes to develop new infrastructure for recycled corrugated box manufacturing.
For instance, in June 2023, Pratt Industries launched a USD 254 million recycled corrugated boxes manufacturing facility in Texas due to the growing demand in the country. Henceforth, the increasing demand for corrugated boxes from the various end-use industries in the United States is amplifying the market growth.
Future Market Scenario
The robust demand for corrugated packaging products such as corrugated boxes and corrugated pallets is prompting the construction of new corrugated packaging manufacturing plants across the United States. For instance, in February 2022, WestRock Company., a United States-based manufacturer of corrugated packaging products announced its plans to develop a new corrugated boxes manufacturing facility in Pacific Northwest. The focus of the company is to increase the supply of products in the Pacific Northwest region.
Moreover, Cascades Incorporation announced its plans for a new corrugated packaging plant in Washington. The primary target of Cascades Incorporation is to enhance the fresh food insulation box business for applications in ready-to-eat food, fresh seafood, and other segments. Thus, the new plant construction for expanding the production capabilities of corrugated packaging will create a lucrative opportunity for market growth in the forecast period.
The future anticipated growth of the chemical industry in the United States due to factors such as favorable trade norms and increasing demand for sustainable chemicals will fuel the production of chemical products in the United States. For instance, according to American Chemical Chemistry, the chemical industry production in the United States will register an annual growth rate of 1.2% in 2024. Therefore, the rise in the chemical output in the United States will boost the demand for corrugated packaging to ensure easy handling, which, in turn, will create a prominent potential for market growth.
United States Corrugated Packaging Market: Report Scope
“United States Corrugated Packaging Market Assessment, Opportunities and Forecast, 2016-2030F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative & quantitative assessment of the current state of the United States corrugated packaging market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, COVID-19 and Russia-Ukraine war impact, opportunities, and forecast between 2023 and 2030. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.
Report Attribute |
Details |
Base Year of the Analysis |
2022 |
Historical Period |
2016-2021 |
Forecast Period |
2023-2030 |
Projected Growth Rate |
CAGR of 5.4% between 2023 and 2030 |
Revenue Forecast in 2030 |
USD 12.1 billion |
Units |
Revenue in USD billion |
Segments Covered |
Product Type, Material Type, Printing Technology, End-use Industry |
Regions Covered |
Northwest, Southwest, West, Southeast, and Midwest. |
Key Companies Profiled |
International Paper, Georgia-Pacific LLC, Neway Packaging, WestRock Company., Emenac Packaging, Deluxe Packaging Inc., Acme Box Co. Inc., Packaging Corporation of America, Cougar Packaging Solutions, and Larsen Packaging. |
Customization Scope |
15% free report customization with purchase |
Pricing and Purchase Options |
Avail the customized purchase options to fulfil your precise research needs |
Delivery Format |
PDF and Excel through email (subject to the license purchased) |
In this report, the United States corrugated packaging market has been segmented into the following categories:
1. By Product Type
1.1. Corrugated Boxes
1.1.1.Single-phase
1.1.2.Single Wall
1.1.3.Double-wall
1.1.4.Triple Wall
1.2. Corrugated Trays
1.3. Corrugated Pallets
1.4. Octabin
1.5. Others
2. By Material Type
2.1. Recycled Corrugates
2.2. Virgin Corrugates
3. By Printing Technology
3.1. Lithography
3.2. Flexography
3.3. Digital Printing
3.4. Rotogravure
3.5. Silkscreen
3.6. Others
4. By End-use Industry
4.1. Food & Beverage
4.1.1.Fruits & Vegetables
4.1.2.Bakery Products
4.1.3.Meat and Fishery
4.1.4.Chocolates & Confectionery
4.1.5.Dairy Products
4.1.6.Beverages
4.1.6.1. Alcoholic
4.1.6.2. Non-alcoholic
4.1.7.Others
4.2. Healthcare
4.2.1.Pharmaceuticals
4.2.2.Medical Equipment
4.3. Cosmetics & Personal Care
4.3.1.Skin Care
4.3.2.Hair Care
4.3.3.Perfumery
4.4. Electrical & Electronics
4.4.1.Smartphones
4.4.2.Television
4.4.3.Laptop & Desktops
4.4.4.Semiconductors
4.4.5.Printed Circuit Boards
4.4.6.Others
4.5. E-commerce
4.6. Transportation & Logistics
4.7. Textile
4.8. Chemical & Materials
4.9. Others
5. By Region
5.1. Northwest
5.2. Southwest
5.3. West
5.4. Southeast
5.5. Midwest
Key Players Landscape and Outlook
The prominent industry players in the United States corrugated packaging market include International Paper, Georgia-Pacific LLC, Neway Packaging, and WestRock Company., and others. The above-mentioned key players indulged in the manufacturing and supply of corrugated packaging in the United States are investing in strategies such as technology innovation, acquisitions, product innovations, facility development, and others to increase their market revenue and volume share in the United States corrugated packaging industry.
In February 2022, Menasha Packaging acquired Color-Box. Color-Box is a United States-based manufacturer of corrugated packaging solutions, including high graphic boxes for e-commerce in the United States. The major focus of Menasha Packaging was to increase its presence in the United States corrugated packaging market.
Key Players Operating in United States Corrugated Packaging Market are:
· International Paper
· Georgia-Pacific LLC
· Neway Packaging
· WestRock Company.
· Emenac Packaging
· Deluxe Packaging Inc.
· Acme Box Co. Inc.
· Packaging Corporation of America
· Cougar Packaging Solutions
· Larsen Packaging.
Markets and Data’s reports answer the following questions:
• What is the current and future market size of the product/service in question globally or specific to different countries?
• How are the markets divided into different product/service segments and the market size and growth of each segment?
• What is the market potential of different product segments and their investment case?
• How are the markets predicted to develop in the future and what factors will drive or inhibit growth?
• What is the business environment and regulatory landscape specific to the product/service?
If you can't find what you're searching for or have any custom requirements for the United States corrugated packaging market, you may approach our team at info@marketsandata.com
Global Sustainable Packaging Market is expected to witness robust growth, owing to factors such as growing environmental concerns, rising consumer awareness, government regulations, and an e-commerce boom.....Read More
Published on
January 2025
4,500
Global paper packaging market is being propelled by rising environmental concerns, ongoing sustainability initiatives, regulatory policies promoting the employment of recyclable materials, and flourishing need for eco-friendly packaging solutions.....Read More
Published on
April 2024
4,500
India smart packaging market is expected to reach USD 7.05 billion by FY2031, from USD 3.64 billion in FY2023, and is forecasted to grow at CAGR of 8.6% for the forecast period between FY2024 and FY2031. ....Read More
Published on
January 2024
3,300
China smart packaging market size was valued at USD 22.5 billion in 2022, which is expected to grow to USD 47.9 billion in 2030, with a CAGR of 9.9% for the forecast period between 2023 and 2030. ....Read More
Published on
December 2023
3,300
Purchase Options
USD ($)
i
1,840
2,000
8%
i
2,970
3,300
10%
i
3,960
4,500
12%
i
5,950
7,000
15%
Tired of Searching?
Looking for Customization?
Some other doubt?
Need insights from a cohort?
REACH US