Study Says US Demand for Corrugated & Paperboard Boxes to Reach $36.5 Billion in 2016
April 4, 2012 - Demand for corrugated and paperboard boxes in the U.S. is projected to increase
2.3 percent annually to $36.5 billion in 2016, boosted by an overall strengthening of
the US 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 percent of total US box demand in 2011, are the largest single box
These and other trends are presented in Corrugated & Paperboard Boxes, a
new study from The Freedonia Group, Inc., a Cleveland-based industry market
Corrugated and solid fiber box demand is forecast to climb 2.5 percent 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.
Demand for folding paperboard boxes is expected to increase 1.7 percent 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 eyecatching
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.
© 2012 by The Freedonia Group, Inc.
Corrugated & Paperboard Boxes (published 03/2012, 333 pages) is available from The Freedonia Group, 767 Beta Drive, Cleveland, OH 44143-2326.
For further details
visit Fredonia's website: www.freedonia.com or contact Corinne Gangloff by phone 440.684.9600 or e-mail firstname.lastname@example.org.
SOURCE: The Freedonia Group Inc.