The North America Corrugated Packaging Market would witness market growth of 3.9% CAGR during the forecast period (2022-2028).
The manufacturing of corrugated packaging stands for developments in design, material handling, engineering, and environmental protection that operate as a buffer for the product throughout long-distance shipment and handling. Additionally, it is made to endure the normal wear and tear of regular transportation operations, which makes loading products quicker and easier.
Corrugated packaging is routinely coupled to produce double-wall boxes that are thicker and stronger than the majority of other varieties of packaging. This makes it possible for corrugated containers to be used in the shipping industry, where heavy items are moved. For food and retail packaging, corrugated boxes are used since they are lightweight and less expensive. For instance, single-walled corrugated cardboard is used to make pizza boxes.
Corrugated containers used for e-commerce and online retail are more likely to be imprinted with high-quality designs and tailored to fit packaged contents to save money and boost the visual impact while unwrapping. Canada's corrugated packaging market also maintained the biggest market share. The regional corrugated board packaging producers directly interact with e-commerce sellers to give more flexible and personalized solutions. Since they are stronger and larger, virgin corrugated containers are typically utilized for goods or bumpy transportation. The market has seen revenue increase due to rising environmental awareness. As a result, important businesses are making efforts to achieve sustainable goals. These factors are propelling the corrugated packaging market growth in this region.
The US market dominated the North America Corrugated Packaging Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $33,710.1 Million by 2028. The Canada market is poised to grow at a CAGR of 6.3% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 5.3% during (2022 - 2028).
Based on Industry, the market is segmented into Food & Beverages, Electronic Goods, Personal Care, Pharmaceuticals, and Others. Based on Wall Type, the market is segmented into Single Wall, Double Wall, Triple Wall, and Single Face. Based on Packaging Type, the market is segmented into Boxes, Sheets, Trays, Containers, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Corrugated Packaging Market is Estimated to reach $170.5 Billion by 2028, at a CAGR of 4.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include DS Smith Plc, Georgia-Pacific LLC (Koch Industries, Inc.), Mondi Plc, Oji Holdings Corporation, International Paper Company, WestRock Company, Smurfit Kappa Group plc, Menasha Corporation, Packaging Corporation of America, and Rengo Co., Ltd.
By Industry
By Wall Type
By Packaging Type
By Country
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