The U.S. corrugated packaging market was valued at USD 7.92 billion in 2022 and is projected to reach USD 12.1 billion by 2030, growing at a CAGR of 5.4% from 2023 to 2030. Key factors driving market expansion include increasing production in the food & beverage sector and the growing use of corrugated boxes to safeguard electrical and electronic products from impact and damage.
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Growth Drivers in the Food & Beverage and Electronics Sectors
The rising emphasis on self-sufficiency in food production and stricter sustainability standards are fueling the expansion of the U.S. food & beverage industry. Similarly, the electrical & electronics sector is experiencing growth due to increased investments in manufacturing facilities and government incentives. As these industries expand, so does the demand for corrugated packaging, which plays a crucial role in preserving product quality and preventing damage during storage and transportation.
Food & Beverage Industry Expansion Boosts Demand
Corrugated packaging is widely used in the food & beverage industry to reduce waste, improve cost efficiency, and enhance sustainability. This packaging method is essential for various food products, including specialty foods and dairy items. Rising consumer demand for nutritious food, the growth of retail and food services, and an increase in specialty food sales are key trends boosting the industry.
For example, the Specialty Food Association reported that the U.S. specialty food industry was valued at USD 194 billion in 2022, reflecting a 9.3% increase from 2021. This growth is driving higher demand for corrugated packaging to ensure food products reach consumers in optimal condition.
Government Support for the Electronics Industry Fuels Market Growth
Electronic products are delicate and require robust packaging to prevent damage during transportation. Corrugated packaging, which consists of multiple layers of container board, offers strong structural protection for these items. Government policies supporting domestic electronics manufacturing are further stimulating market growth.
For instance, in May 2022, the U.S. government enacted the Supporting American Printed Circuit Boards Act, encouraging local production of printed circuit boards. Such initiatives are expected to boost electronics manufacturing, subsequently increasing the demand for corrugated packaging.
Rising Demand for Corrugated Boxes Accelerates Market Expansion
Corrugated boxes are highly valued for their customization options, durability, and biodegradability. Their widespread use across industries such as food & beverage, e-commerce, and logistics is contributing to market growth. Additionally, sustainability efforts in the U.S. are prompting manufacturers to invest in recycling infrastructure for corrugated box production.
For example, in June 2023, Pratt Industries invested USD 254 million in a new recycled corrugated box manufacturing facility in Texas to meet growing demand. Such investments highlight the increasing reliance on corrugated packaging across multiple industries.
Future Market Outlook
The rising demand for corrugated packaging is leading to the construction of new manufacturing facilities across the U.S. In February 2022, WestRock Company announced plans to establish a corrugated box manufacturing facility in the Pacific Northwest to strengthen its supply network in the region. Similarly, Cascades Inc. is developing a new plant in Washington to expand its fresh food insulation box business for applications such as ready-to-eat meals and fresh seafood. These developments present lucrative opportunities for market growth.
Additionally, the expected growth of the U.S. chemical industry, driven by favorable trade policies and increased demand for sustainable chemicals, will contribute to higher production levels. According to the American Chemistry Council, the U.S. chemical industry is projected to grow at an annual rate of 1.2% in 2024. This expansion will further boost demand for corrugated packaging, ensuring efficient handling of chemical products and creating additional market potential.
Market Report Scope
The report “United States Corrugated Packaging Market Assessment, Opportunities, and Forecast, 2016-2030F” by Markets and Data offers a detailed analysis of the market landscape, key industry trends, challenges, and growth opportunities. It covers market size, segment performance, the impact of global events such as COVID-19 and the Russia-Ukraine conflict, and forecasts from 2023 to 2030. The report also profiles leading industry players, providing insights into their market share, business strategies, and competitive positioning.
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