US Corrugated Packaging Market Grows at 10% CAGR, Driven by FMCG Expansion and E-Commerce Innovation

LOS ANGELES - Oct. 29, 2024 - PRLog -- The United States Corrugated Packaging Box Market witnessed substantial growth from 2018 to 2022, achieving a (CAGR) of 10%. As a developed and highly competitive market, the US corrugated packaging sector has been propelled forward by rising demand within the fast-moving consumer goods (FMCG) and e-commerce sectors, particularly in areas such as processed food, personal care, and pharmaceuticals. These industries are set to continue fueling growth within the corrugated packaging market.

Market Dynamics: FMCG and E-Commerce Sectors Fuel Demand Surge
The report highlights that the US corrugated packaging market is home to industry leaders like International Paper, Tetrapak, Reynolds Group, Ball Corporation, and Owens-Illinois. With more than 1,145 manufacturing facilities across the country employing around 100,000 people, the United States stands among the world's largest packaging consumers.

Price Pressures and Supply Challenges: Surging Demand Drives Cost Increases
The corrugated packaging market has faced rising costs, with early 2021 seeing the first of four price hikes for linerboard, increasing corrugated sheet prices by 14% and box costs by 12%. Soaring timber prices also quadrupled pallet costs, adding financial strain on providers.

Tech Innovations Transform E-Commerce Packaging
E-commerce expansion has driven the adoption of advanced technologies like fit-to-product (FtP) and box-on-demand, tailored for major players such as Amazon. High-quality printing methods, including flexography, offset, and digital printing, further enhance the market's packaging diversity, meeting the need for efficient, brand-specific solutions.

Food & Beverage Sector: A Core Driver of Packaging Demand
In addition to the FMCG sector, the food and beverage industry has been a critical driver of corrugated packaging demand. Corrugated boxes serve as ideal packaging for this sector, ensuring product safety during transport and helping to maintain product freshness, making them an essential component of the supply chain.

Makreo research has published study on packaging market specific to corrugated boxes titled, "United States Corrugated Packaging Market Size and Forecast (2018-2028) (https://www.makreo.com/report/united-states-corrugated-pa...)", The study evaluates corrugated packaging market demand and production facts with detailed assessment of past and present market trends. Market has witnessed many shifts in recent past that has impacted profit margins of the players but also accounted for rise in demand. E-commerce is an emerging sector in the country that has given significant push to the corrugated box demand. Report is the right blend of qualitative and quantitative factors with macro economic and micro economic assessment. Competition has also been studied to verify our assessment using bottom up approach.

Related Reports:
Global Corrugated Packaging Market Size and Forecast (2018-2028) (https://www.makreo.com/report/global-corrugated-packaging...)