U.S Corrugated, Paperboard Box Demand to Reach $36.5 Billion by 2016
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According to a new report by The Freedonia Group, Cleveland, Ohio, USA, U.S. demand for corrugated and paperboard boxes is forecast to increase 2.3% annually to $36.5 billion in 2016, boosted by an overall strengthening of the U.S. economy following the 2007 - 2009 recession. Corrugated and solid fiber boxes will remain the dominant segments and grow the fastest. Food and beverages will remain the largest market, while nonmanufacturing and durable goods markets lead gains.
The study, titled Corrugated & Paperboard Boxes, analyzes the $32.5 billion U.S. corrugated and paperboard box industry. It presents historical demand data for the years 2001, 2006, and 2011, and forecasts for 2016 and 2021 by material (e.g., paperboard, adhesives, inks, waxes), product (corrugated and solid fiber boxes, folding paperboard boxes, set-up paperboard boxes) and market (e.g., food and beverages, nonfood nondurable goods, durable goods, nonmanufacturing).
The report shows that gains also will be boosted by a trend toward more expensive boxes, such as corrugated boxes and folding cartons that offer high-quality graphics and printing. Other value-added box types, such as those that are retail- or shelf-ready, are also expected to gain ground. Food and beverages, which accounted for 50% of total U.S. box demand in 2011, are the largest single box market.
Corrugated and solid fiber box demand is forecast to climb 2.5% annually through 2016 to $26.1 billion, supported by a rebound in manufacturing activity and accelerated growth in consumer spending. Demand for folding paperboard boxes is expected to increase 1.75 per year to $9.8 billion in 2016, trailing the corrugated box pace as a result of strong competition from other packaging formats — mainly flexible packaging and mini-flute corrugated boxes. Set-up box demand will increase modestly due to inroads by less costly options like folding cartons and plastic containers, but will benefit from usage as upscale packaging for premium confectionery products and fragrances.
The study also considers market environment factors, details industry structure, evaluates company market shares, and profiles 27 industry players, including International Paper, RockTenn, and Graphic Packaging.
More information is available online.
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