Market Size of North America Corrugated Board Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 42.00 Billion |
| Market Size (2029) | USD 49.53 Billion |
| CAGR (2024 - 2029) | 3.35 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
North America Corrugated Board Packaging Market Analysis
The North America Corrugated Board Packaging Market size is estimated at USD 42 billion in 2024, and is expected to reach USD 49.53 billion by 2029, growing at a CAGR of 3.35% during the forecast period (2024-2029).
The market size reflects the value of the consumption of corrugated board packaging in North America.
Corrugated board packaging is a flexible and economical way to safeguard and transport various goods. Due to its qualities, such as its light weight, biodegradability, and ability to be recycled, corrugated board is a crucial part of the packaging business. According to the Shopify report, in 2021, North America contributed USD 552.6 billion, standing next to Asia at USD 831.7 billion in total e-commerce sales. In recent years, e-commerce has emerged as a prominent player. Amazon and other well-known e-commerce companies have been employing corrugated board boxes as their primary packaging, with plastic packing for particular items. Various e-commerce companies have been working on substituting corrugated boxes and paper bags for single-use plastics, which is projected to fuel market expansion.
The demand for convenience foods is on the rise due to the busy lifestyle of people. As corrugated board packaging keeps moisture from the products and withstands long shipping times, companies are increasingly adopting it to offer customers better outcomes, especially secondary or tertiary packaging. Processed foods, such as bread, meat products, and other perishable items, need these packaging materials. Thus, all the abovementioned factors are expected to drive the demand for the market studied.
The reliable, durable, easily transportable corrugated boxes have existed for over a century. However, with longevity comes challenges. Corrugated cardboard, sometimes called corrugated fiberboard, is made from cellulose fibers - virgin or recycled from used corrugated cardboard or other materials. However, strict forest laws against deforestation are restraining the market's growth due to the low availability of cellulose fibers. According to the Global Forest Watch, in 2021, the United States and Canada were among the most significant areas of primary forest losses of 2,043.92 Kha and 2,524.99 Kha, respectively. This factor is expected to raise concerns regarding the availability of raw materials (Kraft paper) in the region.
Some primary market drivers that emerged from the COVID-19 pandemic are increased food packaging and an increasing need for corrugated board packages in burgeoning e-commerce shipments. Packaging for groceries, healthcare supplies, and e-commerce shipments witnessed a substantial surge in demand on e-commerce platforms.
