Demand for corrugated and
paperboard boxes in the U.S. is projected 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. In particular, growth will benefit from
expanded food, beverage and durable goods output, as well as from a rebound in construction
spending, which will stimulate demand for goods and materials (and their related
boxes) used in construction applications.
Gains will also be helped 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.
These and other
trends are presented in
Corrugated & Paperboard Boxes , a new study from The
Freedonia Group, Inc., a Cleveland-based industry market
research firm.
Corrugated
projections
Corrugated and solid fiber box
demand is forecast to climb 2.5 % per year through 2016 to $26.1 billion,
supported by a rebound in manufacturing activity and accelerated growth in
consumer spending. In addition, corrugated and solid fiber box demand will be
supported by their well-entrenched position as the shipping container of choice
in a number of markets as a result of their cost-effectiveness, excellent protective
performance and limited competition from other packaging alternatives.
Paperboard
forecast
Demand for folding paperboard
boxes is expected to increase 1.7% 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.
Source
reduction efforts-such as the elimination or downsizing of secondary cartons-will
also limit advances. Nonetheless, gains will benefit from a rebound in
nondurable goods output and continued use in many markets because of their low
cost, functionality and ability to provide considerable billboard space for eye-catching
graphics and printing.
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.
U.S. demand for corrugated & paperboard boxes in 2016: $36.5 billion
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