U.S. Corrugated Board Market Size & Outlook, 2022-2030
- Packaging & Packaging Solutions
- Packaging Products
- Corrugated Board Market Outlook
- Packaging Products
U.S. Corrugated Board Market, 2018-2030 (US$M)
Global Market
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U.S. corrugated board market highlights
- The U.S. corrugated board market generated a revenue of USD 20,184.9 million in 2022 and is expected to reach USD 32,980.6 million by 2030.
- The U.S. market is expected to grow at a CAGR of 6.3% from 2023 to 2030.
- In terms of segment, c flute was the largest revenue generating flute type in 2022.
- A Flute is the most lucrative flute type segment registering the fastest growth during the forecast period.
Corrugated board market data book summary
| Market revenue in 2022 | USD 20,184.9 million |
| Market revenue in 2030 | USD 32,980.6 million |
| Growth rate | 6.3% (CAGR from 2022 to 2030) |
| Largest segment | C flute |
| Fastest growing segment | A Flute |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | A Flute, B Flute, C Flute, E Flute, F Flute |
| Key market players worldwide | International Paper Co, Georgia-Pacific, WestRock Co, Packaging Corp of America, Stora Enso Oyj Ordinary Shares - Class R, Oji Holdings Corp, Smurfit Kappa Group PLC, Mondi PLC, DS Smith PLC |
Other key industry trends
- In terms of revenue, U.S. accounted for 15.0% of the global corrugated board market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. corrugated board market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 5,255.0 million by 2030.
The country is home to several foodservice and packaged food companies including ready to eat meals, convenience meals, and ready-to-make meals. The humongous demand for out-of-home food due to busy work-life schedules and convenience is expected to bolster the demand for corrugated board solutions as the demand has resulted in higher production and supply of food products.
According to the USDA, in 2021, consumers in the U.S. spent an average of 10.3% of their disposable personal income on food, which is divided between food at home (5.2%) and food away from home (5.1%). Additionally, to attract this income share of consumers, foodservice providers mainly rely on advertising, marketing, and running product campaigns to increase their sales and create awareness.
Key Regions:U.S., UK, Japan, Brazil, South Korea
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Corrugated Board Market Scope
Corrugated Board Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Mondi PLC | View profile | 21,773 | The Heights, Brooklands, Ground Floor, Building 5, Weybridge, Surrey, United Kingdom, KT13 0NY | www.mondigroup.com |
| Stora Enso Oyj Ordinary Shares - Class R | View profile | 20,000 | P.O. Box 309, Helsinki, Finland, FI-00101 | www.storaenso.com |
| Georgia-Pacific | View profile | 10001+ | Atlanta, Georgia, United States, North America | www.gp.com/aboutus/companyoverview/index.html |
| WestRock Co | View profile | 56,100 | 1000 Abernathy Road, North East, Atlanta, GA, United States, 30328 | www.westrock.com |
| International Paper Co | View profile | 39,000 | 6400 Poplar Avenue, Memphis, TN, United States, 38197 | www.internationalpaper.com |
| Packaging Corp of America | View profile | 14,900 | 1 North Field Court, Lake Forest, IL, United States, 60045 | www.packagingcorp.com |
| DS Smith PLC | View profile | 29,672 | 1 Paddington Square, Level 3, London, United Kingdom, W2 1DL | www.dssmith.com |
| Oji Holdings Corp | View profile | 37,845 | 7-5, Ginza 4-chome, Chuo-ku, Tokyo, Japan, 104-0061 | www.ojiholdings.co.jp |
| Smurfit Kappa Group PLC | View profile | 47,000 | Beech Hill, Clonskeagh, Dublin 4, Dublin, Ireland, D04 N2R2 | www.smurfitkappa.com |
U.S. Corrugated Board Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Corrugated Board Market Outlook will help companies and investors design strategic landscapes.
C Flute was the largest segment with a revenue share of 28.06% in 2022.
Horizon Databook has segmented the U.S. corrugated board market based on a flute, b flute, c flute, e flute, f flute covering the revenue growth of each sub-segment from 2018 to 2030.
The country is home to several foodservice and packaged food companies including ready to eat meals, convenience meals, and ready-to-make meals. The humongous demand for out-of-home food due to busy work-life schedules and convenience is expected to bolster the demand for corrugated board solutions as the demand has resulted in higher production and supply of food products.
According to the USDA, in 2021, consumers in the U.S. spent an average of 10.3% of their disposable personal income on food, which is divided between food at home (5.2%) and food away from home (5.1%). Additionally, to attract this income share of consumers, foodservice providers mainly rely on advertising, marketing, and running product campaigns to increase their sales and create awareness.
- U.S. Corrugated Board Market Flute Type Outlook (Revenue, USD Million , 2018-2030)
- A Flute
- B Flute
- C Flute
- E Flute
- F Flute
- Others
- U.S. Corrugated Board Market Board Style Outlook (Revenue, USD Million , 2018-2030)
- Single Face
- Single Wall
- Double Wall
- Triple Wall
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. Corrugated Board Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into U.S. Corrugated Board Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
U.S. Corrugated Board Market, 2018-2030 (US$M)
U.S. corrugated board market statistics, by flute type, 2018-2030 (US$M)
