North America Corrugated And Folding Carton Packaging Market Size

North America Corrugated And Folding Carton Packaging Market Analysis

The North America Corrugated And Folding Carton Packaging Market size in terms of shipment volume is expected to grow from 36.70 Million tonnes in 2024 to 39.40 Million tonnes by 2029, at a CAGR of 1.44% during the forecast period (2024-2029).

• The expansion of e-commerce sales and the rising demand for sustainable packaging are two significant factors influencing the North American corrugated and folding carton packaging market. According to the US Census Bureau, e-commerce sales as a percentage of total retail sales in the United States in 2023 accounted for 15.4%, USD 285.2 billion, an increase of 0.8% from the previous year.
• E-commerce is a game-changer in retail and directly impacts the demand for corrugated and folding carton packaging. The growth of e-commerce drives the volume of demand for the paper packaging industry. In the internet world, corrugated packaging is the central physical interaction item between the e-retailer and the consumer and has strategic significance for customer perceptions of the brand. The paper has environmental benefits over plastic and helps create a premium effect for transition in demand and e-commerce.
• Overlapping with the boom of online businesses is customized packaging. Corrugated and folding carton packaging has become the choice for e-commerce. The products bought online, after all, must be boxed, shipped, and delivered in one piece. The durable, affordable packages provide strength, security, and savings. The rise of e-commerce paved the way for brands to reach customers from another angle.
• With the rise of e-commerce and the growing retail sector, there is an increased need for corrugated and folding carton packaging to fulfill the packaging requirements of various products. These products are extensively used for shipping, transportation, and shelf display. Their convenience, recyclability, and cost-effectiveness make them a preferred choice for e-commerce and retail packaging. Transportation packaging made from corrugated cardboard offers a safe and sustainable solution for transporting goods.
• Deforestation poses significant challenges to the paper packaging industry, including supply chain risks, environmental concerns, regulatory pressures, and the need for sustainable innovation. Addressing deforestation requires collaboration among stakeholders, including governments, companies, consumers, and environmental organizations, to promote responsible forest management and sustainable sourcing practices in the paper packaging sector.