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U.S. Corrugated and Folding Boxboard Market
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U.S. Corrugated and Folding Boxboard Market 2021-2026: Top Manufacturers, Size, Growth, Business Opportunities and Research Report © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Global Market Scenario of U.S. Corrugated and Folding Boxboard Industry • The world of packaging has been gradually moving towards advancement enabling various types of packaging to garner immense momentum across various economies. Some of these boxes, including corrugated boxes and folding boxboards are most common types of packaging boxes that are generally found in the retail stores, paving way for the development of overall corrugated and folding boxboards market in the United States and worldwide. • Speaking of the massive demand for such packaging products, it would be crucial to note that about 90% of all products in the North America region are delivered or transported in corrugated boxes at some point in their life cycle. In fact, according to a leading authority of paper, packaging, and print industry supply chain, the demand for corrugated packaging material was expected to reach USD 176 billion by 2019 end. One of the fundamental reasons behind the growing demand for corrugated boxes is the environmental benefits associated with these. Corrugated boxes and packages contain as much as 46% of recycled material, which has a relatively lower impact on GHGs, non-renewable energy, and acidification. © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Continue:- • On top of these, sustainable practices used for production of corrugated packaging are often more cost-effective and efficient for business, creating a win-win situation and lucrative opportunities for manufacturers as well as consumers across the United States. • Recently, DS Smith, a leading multinational packaging giant had in March 2020, announced the launch of its first recycling facility in the United States, as a part of its North America business expansion plan. Reports have it that the plant boasts of the ability to recycle over 36,000 tons of old and used corrugated cardboard almost every year, creating a fully recyclable packaging for the customers in the US. • That said, corrugated cardboard packaging is considered to be the backbone of the American supply chain. The producers of corrugated boxes are rigorously working to keep transport packaging smooth for makers of essential products, including the likes of packaging for food and other essential consumer products such as medical and pharmaceutical products, hygiene and tissue products, and more, even amidst the COVID-19 pandemic. © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
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360° Industry Analysis • Amidst the umpteen cartonboards available worldwide, benefits associated with use of folding boxboard have been enlisted below • ⦁ Maximum use of low-cost materials. • ⦁ Favorable sustainability profile. • ⦁ Optimization of technical and functional properties • ⦁ Light weight packages for similar stiffness characteristics. • Although the use of FBB in North America is limited, it is showing an exceptional growth pattern. As a matter of fact, the recent imports of FBB to the United States have been recorded to be around 400,00 metric tpy. Request for customization:https://www.gminsights.com/roc/4599 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Competitive Analysis: • Speaking on these lines, as per a statement released by Fiber Box Association president and CEO- Dennis Colley, quoted that as COVID-19 is looking to transform individual’s daily lives, the association is going every way possible to assure consumers that the box industry is continuing to operate and deliver required packaging to the users who supply, grocery stores, doctor’s offices, hospitals, and pharmacies during coronavirus crisis to keep every one healthy and safe during the phase. And in this case, corrugated cardboard producers are dedicated to continuing to operate box plants under the norms and guidelines of CDC and OSHA to ensure constant flow of products to the market. • Let alone the corrugated boxes, folding boxboards have also claimed immense popularity in the US packaging industry. Folding boxboard is a packaging material that has relatively low density and high stiffness and is typically developed from the mechanical pulp. © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Latest Research Report On U.S. Corrugated and Folding Boxboard Market@ https://www.gminsights.com/industry-analysis/us-corrugated-and-folding-boxboard-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/4599 Request for customization: https://www.gminsights.com/roc/4599 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
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