September 08, 2020
According to the report titled ‘U.S. Corrugated and Folding Boxboard Market Size By Product, By Printing Technique, By Industry, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, U.S. corrugated and folding boxboard market is expected to record substantial growth during 2020-2026.
Proliferating e-commerce sector and benefits provided by corrugated & folding boxes are the key factors driving the market growth.
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For those uninitiated, folding boxboard is a multi-ply material, manufactured mechanically and chemically, for superior durability. It is an ideal choice for printing as it consists of a bleached chemical layer which helps in smooth and high-quality prints.
Cardboard boxes or corrugated boxes are used as shipping containers and require inner components like blocking, cushioning, and bracing to protect the delicate contents inside. Corrugated boxes are also used in warehouses for stacking as they provide adequate safety and strength. The engineers audit these boxes for compression strength in warehouses.
The packaging of an electronic product influences the customer purchasing decision as the look and strong packaging of the product appeals to the customers. Further, the corrugated boxes are used to transport products on international as well as domestic level.
Speaking of product scope, the market is segmented into folding boxboard and corrugated box. The corrugated box includes single-phase, single wall, double wall, and triple wall. The report cites that triple wall corrugated box segment is likely to record 3.2% CAGR over the predicted timeframe. These boxes are heavy duty and strong. Heavy machine parts and large glassware can also be transported using these boxes.
Based on printing technique, the market is divided into flexography, lithography, digital printing, and others. As per report, others segment is reckoned to gain substantial traction owing to inclination towards onscreen printing.
In terms of end-use spectrum, the U.S. corrugated and folding boxboard market is classified into food & beverages, medical, other FMGC, paper & carton, home appliances & electronics, personal care & home care, agriculture, chemical & plastic, industrial, and others. In 2019, the industrial segment accounted for 8% market share and is slated to grow substantially over the study period. Flourishing automotive industry will have a positive impact on the segmental growth over the estimated timeframe.
Citing the regional landscape, the Northwest U.S. region held 20% share of U.S. corrugated &folding boxboard industry in 2019.
Key players in U.S. corrugated and folding boxboard industry are Packaging Corporation of America, Sultana Packaging, Celulosa y Corrugados de Sonora, S.A. de C.V. (CESCO), Cascades Inc., Pratt Industries Inc., U.S. Corrugated Inc., All Packaging Company, Montebello Container Company LLC, DS Smith Plc, Acme Corrugated Box Co. Inc., Smurfit Kappa Group, Westrock Company, and Mondi PLC.