Corrugated box market in US to grow at a CAGR of 3.32% from 2021 to 2026: Georgia-Pacific LLC and International Paper Co. among key vendors - Technavio

NEW YORK, June 20, 2023 /PRNewswire/ -- The size of the corrugated box market in US is estimated to increase by USD 1.85 billion from 2021 to 2026. The market's growth momentum will progress at a CAGR of 3.32%. The increased market consolidation is driving the market growth. Manufacturers prefer inorganic growth, as M&A and partnerships will help them grow at a faster pace through technological innovations. This leads to market consolidation, wherein large vendors acquire or enter into partnerships with small vendors. For instance, in February 2021, Mondi Group partnered with BCoolBox, a company that provides 100% recyclable and reliable packaging solutions to transport fresh food. Such factors will fuel market growth during the forecast period. Discover some insights on market size and forecast period (2022-2026) before buying the full report - Request a sample report

Corrugated box market in US – Vendor analysis
Vendor landscape –

The corrugated box market in US is fragmented, with the presence of large, medium, and small-scale vendors. A few prominent vendors that offer corrugated boxes are Acme Corrugated Box Co. Inc., Amcor Plc, Associated Bag, Buckeye Corrugated Inc., Cascades Inc., DS Smith Plc, Georgia-Pacific LLC, Hood Container Corp., International Paper Co., Kruger Inc., Mondi plc, Neway Packaging Corp., Packaging Bee, Packaging Corp. of America, Shillington Box Company LLC, Stora Enso Oyj, VPK Group, Wertheimer Box Corp., WestRock Co., and Great Little Box Company Ltd and others.

Most large and established vendors sell and distribute their offerings to customers globally, while most small vendors are concentrated in regional markets. Vendors compete based on factors such as price, quality, innovation, reputation, brand identity, and distribution. High product differentiation among vendors further intensifies the competition in the market. Hence, to thrive in such a competitive environment, it becomes imperative for vendors to differentiate their product offerings through a clear and unique value proposition.

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Vendor offerings -

• Georgia-Pacific LLC - The company offers corrugated boxes that include sheets with a wide variety of flute sizes and combinations.
• International Paper Co. - The company offers corrugated boxes, such as complete corrugated packaging solutions for agricultural, consumer goods, and industrial applications.
• Kruger Inc. - The company offers corrugated boxes, such as containers for food, beverages, dairy products, meat, fruits and vegetables, flowers, chemicals, textiles, clothing, and more.
• Mondi plc - The company offers corrugated boxes, such as shelf-ready packaging, automotive logistics packaging solutions, hazardous goods packaging and shipping boxes, barrier packaging, and inserts and dividers.
• For details on vendors and their offerings – Request a sample report

Corrugated box market in US - Segmentation assessment

Segment overview
Technavio has segmented the market based on end-user (food and beverage products, non-durable products, and durable and others) and material (virgin corrugates and recycled corrugates). 

• The food and beverage products segment will account for a significant share of market growth during the forecast period. The rise in per capita incomes of consumers has increased the affordability of packaged food and drinks. This, in turn, has led to a rise in the demand for food and beverage products. In addition, food and beverage product manufacturers use corrugated display boxes as a marketing tool. These factors will drive the growth of this segment during the forecast period.

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Corrugated box market in US – Market dynamics

Key trends - Rapid advances in printing are one of the key market trends contributing to market growth. Printing on packaging boosts the visual appeal of a product, thereby adding value to its brand visibility. Corporations are investing significantly in R&D to innovate corrugated box printing. Printing different types of containers requires new types of machinery and skilled manpower, starting from the manufacturing process to the selection of raw materials, based on customer requirements. Thus, rapid advances in printing are expected to support the market's growth during the forecast period.

Major challenges - The impact of the just-in-time inventory model is challenging market growth. End-users prefer just-in-time inventory over traditional storage inventory. This is because corrugated boxes require more inventory space, which increases the inventory maintenance cost. Moreover, consumers also demand corrugated boxes for other storage purposes, and it is difficult for manufacturers to forecast the demand weeks in advance. This issue can be overcome by outsourcing the inventory to third-party inventory control for efficient operations, which can become a major challenge for the growth market during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the corrugated box market in US between 2022 and 2026
• Precise estimation of the size of the corrugated box market in US and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the corrugated box market in US
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of corrugated box market vendors in US

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Related Reports:

The corrugated box market is expected to grow by USD 17.53 billion during 2021-2026, accelerating at a CAGR of 4.94% during the forecast period. Furthermore, this report extensively covers market segmentation by end-user (food and beverage, non-durable products, and durable and other products) and geography (APAC, Europe, North America, South America, and the Middle East and Africa).

The size of the corrugated box market in Europe is projected to grow by USD 4.66 billion with a CAGR of 4.68% during the forecast period 2021 to 2026. Furthermore, this report extensively covers segmentation by end-user (food and beverages, electronic goods, personal and household care goods, and others) and geography (Western Europe and Central and Eastern Europe).

Browse for Technavio materials market reports

Table of contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Country Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Material
• Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 07: Parent market
• Exhibit 08: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 09: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 10: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 11: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 12: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 13: Chart on US: Year-over-year growth 2021-2026 (%)
• Exhibit 14: Data Table on US: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 15: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 16: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 17: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 18: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 19: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 20: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 21: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

• 5.1 Market segments
• Exhibit 22: Chart on End-user - Market share 2021-2026 (%)
• Exhibit 23: Data Table on End-user - Market share 2021-2026 (%)

• 5.2 Comparison by End-user 
• Exhibit 24: Chart on Comparison by End-user
• Exhibit 25: Data Table on Comparison by End-user

• 5.3 Food and beverage products - Market size and forecast 2021-2026 
• Exhibit 26: Chart on Food and beverage products - Market size and forecast 2021-2026 ($ million)
• Exhibit 27: Data Table on Food and beverage products - Market size and forecast 2021-2026 ($ million)
• Exhibit 28: Chart on Food and beverage products - Year-over-year growth 2021-2026 (%)
• Exhibit 29: Data Table on Food and beverage products - Year-over-year growth 2021-2026 (%)

• 5.4 Non-durable products - Market size and forecast 2021-2026 
• Exhibit 30: Chart on Non-durable products - Market size and forecast 2021-2026 ($ million)
• Exhibit 31: Data Table on Non-durable products - Market size and forecast 2021-2026 ($ million)
• Exhibit 32: Chart on Non-durable products - Year-over-year growth 2021-2026 (%)
• Exhibit 33: Data Table on Non-durable products - Year-over-year growth 2021-2026 (%)

• 5.5 Durables and others - Market size and forecast 2021-2026 
• Exhibit 34: Chart on Durables and others - Market size and forecast 2021-2026 ($ million)
• Exhibit 35: Data Table on Durables and others - Market size and forecast 2021-2026 ($ million)
• Exhibit 36: Chart on Durables and others - Year-over-year growth 2021-2026 (%)
• Exhibit 37: Data Table on Durables and others - Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by End-user 
• Exhibit 38: Market opportunity by End-user ($ million)

6 Market Segmentation by Material

• 6.1 Market segments
• Exhibit 39: Chart on Material - Market share 2021-2026 (%)
• Exhibit 40: Data Table on Material - Market share 2021-2026 (%)

• 6.2 Comparison by Material 
• Exhibit 41: Chart on Comparison by Material
• Exhibit 42: Data Table on Comparison by Material

• 6.3 Virgin corrugates - Market size and forecast 2021-2026 
• Exhibit 43: Chart on Virgin corrugates - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Data Table on Virgin corrugates - Market size and forecast 2021-2026 ($ million)
• Exhibit 45: Chart on Virgin corrugates - Year-over-year growth 2021-2026 (%)
• Exhibit 46: Data Table on Virgin corrugates - Year-over-year growth 2021-2026 (%)

• 6.4 Recycled corrugates - Market size and forecast 2021-2026 
• Exhibit 47: Chart on Recycled corrugates - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Data Table on Recycled corrugates - Market size and forecast 2021-2026 ($ million)
• Exhibit 49: Chart on Recycled corrugates - Year-over-year growth 2021-2026 (%)
• Exhibit 50: Data Table on Recycled corrugates - Year-over-year growth 2021-2026 (%)

• 6.5 Market opportunity by Material 
• Exhibit 51: Market opportunity by Material ($ million)

7 Customer Landscape

• 7.1 Customer landscape overview 
• Exhibit 52: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 53: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 54: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 55: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 56: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 57: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 58: Matrix on vendor position and classification

• 10.3 Acme Corrugated Box Co. Inc. 
• Exhibit 59: Acme Corrugated Box Co. Inc. - Overview
• Exhibit 60: Acme Corrugated Box Co. Inc. - Product / Service
• Exhibit 61: Acme Corrugated Box Co. Inc. - Key offerings

• 10.4 DS Smith Plc
• Exhibit 62: DS Smith Plc - Overview
• Exhibit 63: DS Smith Plc - Business segments
• Exhibit 64: DS Smith Plc - Key offerings
• Exhibit 65: DS Smith Plc - Segment focus

• 10.5 Georgia-Pacific LLC
• Exhibit 66: Georgia-Pacific LLC - Overview
• Exhibit 67: Georgia-Pacific LLC - Product / Service
• Exhibit 68: Georgia-Pacific LLC - Key news
• Exhibit 69: Georgia-Pacific LLC - Key offerings

• 10.6 International Paper Co. 
• Exhibit 70: International Paper Co. - Overview
• Exhibit 71: International Paper Co. - Business segments
• Exhibit 72: International Paper Co. - Key news
• Exhibit 73: International Paper Co. - Key offerings
• Exhibit 74: International Paper Co. - Segment focus

• 10.7 Kruger Inc.
• Exhibit 75: Kruger Inc. - Overview
• Exhibit 76: Kruger Inc. - Product / Service
• Exhibit 77: Kruger Inc. - Key offerings

• 10.8 Mondi plc
• Exhibit 78: Mondi plc - Overview
• Exhibit 79: Mondi plc - Business segments
• Exhibit 80: Mondi plc - Key news
• Exhibit 81: Mondi plc - Key offerings
• Exhibit 82: Mondi plc - Segment focus

• 10.9 Packaging Corp. of America 
• Exhibit 83: Packaging Corp. of America - Overview
• Exhibit 84: Packaging Corp. of America - Business segments
• Exhibit 85: Packaging Corp. of America - Key news
• Exhibit 86: Packaging Corp. of America - Key offerings
• Exhibit 87: Packaging Corp. of America - Segment focus

• 10.10 Shillington Box Company LLC 
• Exhibit 88: Shillington Box Company LLC - Overview
• Exhibit 89: Shillington Box Company LLC - Key offerings

• 10.11 Wertheimer Box Corp.
• Exhibit 90: Wertheimer Box Corp. - Overview
• Exhibit 91: Wertheimer Box Corp. - Product / Service
• Exhibit 92: Wertheimer Box Corp. - Key offerings

• 10.12 WestRock Co.
• Exhibit 93: WestRock Co. - Overview
• Exhibit 94: WestRock Co. - Business segments
• Exhibit 95: WestRock Co. - Key news
• Exhibit 96: WestRock Co. - Key offerings
• Exhibit 97: WestRock Co. - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 98: Inclusions checklist
• Exhibit 99: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 100: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 101: Research methodology
• Exhibit 102: Validation techniques employed for market sizing
• Exhibit 103: Information sources

• 11.5 List of abbreviations 
• Exhibit 104: List of abbreviations

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