Paper packaging consumption in North America is expected to grow at a CAGR of 3.8% during the forecast period 2021-2026.
– Folding carton packaging continues to dominate
The U.S. folding carton packaging market is dominant in North America, and food products will continue to be the major end user of folding cartons. The U.S. food industry is likely to grow steadily at a CAGR of 2.9% through 2022.
– Growing need for re-usability
Both from an environmental standpoint and consumer demand, suppliers are investing in cartons that brand and protect products and provide consumers with additional value after purchase. For example, West Rock, one of the leading suppliers of cardboard solutions, recently demonstrated one such carton for Asahi beer, where the bottom tray is structured so that the package can display cans and ice cubes.
– Flourishing of E-commerce
The end user that relies on cardboard packaging is not the consumer but the retail industry. E-commerce as an industry has doubled in the past five years, and the epidemic has brought e-commerce to another level. Once people form spending habits, it is expected that this market will be even larger, such as China.
– Corrugated packaging is the main driving force of the market
Corrugated packaging is characterized by its outstanding characteristics, good cushioning, easy transportation, and the continuous development of small grooves and high-quality graphic boards, which allows corrugated boxes to penetrate traditional folding carton applications.