Market Share of North America Corrugated Board Packaging Industry
The North American corrugated board packaging market is moderately fragmented, with major players such as International Paper Company, Packaging Corporation of America, Cascades Inc., and others. Local vendors are facing growing competition in the market. Buyers have a wide variety of corrugated board suppliers from which to choose. Companies are continuing to innovate in terms of flaps and opening kinds. Smurfit Kappa and Sealed Air are attempting to replace single-use plastics with boxes.
In July 2022, Georgia-Pacific announced that the corrugated plant in Bradford, Pennsylvania, would undergo a significant upgrade with an investment of USD 34 million.
In June 2022, Mondi PLC sold Nitto Denko Corporation's Personal Care Components business (PCC) for an enterprise value of EUR 615 million (~USD 670.41 million). With this sale, Mondi can streamline its holdings and focus on expanding its sustainable packaging business.
In March 2022, Mondi accelerated its long-term expansion goals by investing EUR 280 million (~USD 305.23 million) in corrugated packaging. Corrugated Solutions invested EUR 185 million (~USD 201.67 million) across its plant network and EUR 95 million (~USD 103.55 million) at the Mondi Swieciecontainerboard mill to increase total production and warehousing capacity and modernize automation and internal material processes to serve clients with shorter lead times better.
North America Corrugated Board Packaging Market Leaders
International Paper Company
Mondi PLC
Smurfit Kappa Group
DS Smith PLC
WestRock Company
*Disclaimer: Major Players sorted in no particular order
