North America Corrugated Boards Market Regional Analysis and Growth by Forecast to 2028

The North America Corrugated Boards Market is expected to grow US$ 29,342.47 million in 2021 to US$ 45,039.33 million by 2028; it is estimated to grow at a CAGR of 6.3% from 2021 to 2028.

North America Corrugated Boards Market: A Sustainable Packaging Solution Driving Market Growth in North America

Corrugated board emerges as a compelling "green" packaging alternative, effectively substituting polymer-based solutions like expanded polystyrene (EPS) foams. The inherent recyclability, eco-friendliness, and cost-effectiveness of corrugated boards position them as a key material for manufacturers aiming for sustainable operations through the creation of new generations of containerboard. Their composition, often utilizing recycled materials such as used cardboard cartons and old newspapers, further bolsters their sustainability credentials. Moreover, the manufacturing process frequently avoids dyes and bleaches, contributing to a lower carbon footprint for both the products and their production.

The increasing emphasis on minimizing air cargo volume drives the adoption of efficient packaging, leading to substantial cost reductions in bulk transportation. Lightweight corrugated board packaging is also favored by retailers and wholesalers as an effective strategy for cost savings and enhanced packaging aesthetics. Consequently, the growing focus across diverse end-use industries, including electronics, automotive and transportation, pharmaceuticals, healthcare, and food & beverages, on economical, eco-friendly, and lightweight packaging solutions is poised to generate significant growth opportunities for the North America Corrugated Boards Market in the coming years.

North America Corrugated Boards Market Introduction in North America:

The escalating utilization of corrugated board across various end-use sectors within North America, such as food & beverages, consumer durables, e-commerce, and electronics, is a significant driver of market expansion. Furthermore, the increasing demand for flexible packaging solutions, which often incorporate corrugated boards, is evident in the region. According to the Flexible Packaging Association, a substantial 60% of North American consumers are willing to pay a premium for packaging that offers tangible and functional benefits. This consumer preference is prompting manufacturers to focus on developing flexible packaging utilizing corrugated board, thereby creating further growth avenues for the North America Corrugated Boards Market.

Impact of COVID-19: North America Corrugated Boards Market

The COVID-19 pandemic presented unprecedented challenges to numerous sectors, including the chemicals and materials industry. Disruptions in raw material supply chains, factory shutdowns, labor shortages, and operational complexities arising from COVID-19 safety protocols led to a contraction in sales for packaging product manufacturers during the initial phases of the pandemic. However, the e-commerce sector experienced a surge in demand for various products, including packaged food and beverages, groceries, daily essentials, and consumer durables, due to the closure of physical retail outlets.

This rapid growth in e-commerce, even amidst the pandemic, generated significant demand for corrugated boards for the packaging and transportation of goods. The United States recorded the highest number of confirmed COVID-19 cases in North America, which negatively impacted manufacturing processes and research and development activities. Nevertheless, with the gradual administration of vaccines (288 million doses administered in the US by May 26, 2021) and government efforts to revive operations, manufacturing units are progressively becoming operational, and various industries are recovering. This recovery is anticipated to have a positive influence on the North America Corrugated Boards Market.

North America Corrugated Boards Market Strategic Insights:

Strategic insights for the North America Corrugated Boards market offer a data-centric analysis of the industry's landscape, encompassing prevailing trends, key market participants, and regional specificities. These insights provide actionable recommendations, empowering readers to differentiate themselves from competitors by identifying untapped market segments or formulating unique value propositions. By leveraging data analytics, these insights enable industry players – including investors, manufacturers, and other stakeholders – to anticipate market shifts. Adopting a future-oriented perspective is crucial, allowing stakeholders to foresee market changes and strategically position themselves for sustained success within this dynamic region. Ultimately, effective strategic insights equip readers to make informed decisions that foster profitability and facilitate the achievement of their business objectives within the North America Corrugated Boards Market.

North America Corrugated Boards Market Segmentation

North America Corrugated Boards Market – By Application

• Food and Beverages

• Process food industry

• Fresh Fruit and Vegetable Packaging

• Others

• E-Commerce

• Consumer Durables

• Electricals and Electronics

• Others

North America Corrugated Boards Market – By Country

• US

• Canada    

North America Corrugated Boards Market – Companies Mentioned

• Klabin S.A.                                                                            

• International Paper                                                         

• Arcor                                                                                     

• Mondi                                                                                   

• NIPPON PAPER INDUSTRIES CO., LTD.                            

• Smurfit Kappa                                                                      

• WestRock Company     

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Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market Insights