The North America corrugated board packaging market is anticipated to see market growth between 2022 and 2029. According to Data Bridge Market Research’s analysis, the market is predicted to develop at a CAGR of 5.6% from 2022 to 2029 and reach USD 90,311.62 million. Growing demand for recycled corrugated goods in the packaging sector as well as an increase in small- and medium-sized corrugated board packaging for food and beverages.
The packing product is strengthened by the layers of corrugated board, which makes it more durable than ordinary cardboard. Corrugated cardboard uses a variety of liners, including kraft liners, test liners, and chip linear, to give strength. The product’s transportation cushion is made of corrugated paperboard. Wood and metal packaging are replaced by corrugated packaging because it is natural, cost-effective, and 100% renewable.
Some businesses are increasing their production capacities in order to meet the rising demand for corrugated board packaging products in the building and construction and electronics industries. They do this by making acquisitions, forming joint ventures, and launching new products in various geographies.
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Double wallboard refers to that type of corrugated board packaging consisting of two layers of the corrugated medium glued between three layers of the liner board. Triple wallboard refers to that type of corrugated board packaging, which is considered the strongest of all kinds of corrugated board packaging as it consists of three layers of the corrugated medium and the four-layer of the liner board.
Corrugated Board Packaging Market Scope and Market Size
North America corrugated board packaging market is segmented into four notable segments which are based on the grade, raw material, style and end-use. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of raw material, the North America corrugated board packaging market is segmented into linerboard and medium. Linerboard segment is further sub-segmented into natural resources and recycled resources. Recycled resources sub-segment is further divided into OCC, recovery paper, mixed paper and office paper. Medium segment is further sub-segmented into natural resources and recycled resources.
On the basis of style segment, the North America corrugated board packaging market is segmented into slotted box, telescopes, folders, trays, die cut bliss, die cut interiors, sheets, and fanfold. In 2022, the slotted box segment is expected to dominate the market owing to its growing application in the food and beverage industry in the North America market. The easy availability in the market drives the slotted box segment in the North America market.
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Corrugated Board Packaging Market Country Level Analysis
The countries covered in the corrugated board packaging market report are the U.S., Canada and Mexico. U.S. dominates the North America region due to the growing awareness among consumers regarding the usage of environment-friendly products is expected to drive the demand for the corrugated board packaging market in U.S. in the forecast period.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
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Competitive Landscape and Corrugated Board Packaging Market Share Analysis
Corrugated board packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Corrugated Board Packaging market.
Some of the major players operating in the corrugated board packaging market are:
Packaging Corporation of America, WestRock Company, International Paper, DS Smith, Rengo, Cascades Inc., Mondi, NEFAB GROUP, NIPPON PAPER INDUSTRIES CO., LTD, and Wertheimer Box Corp among others.
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