Demand for corrugated and paperboard boxes in the U.S. is projected to increase 2.3% annually to $36.5 billion in 2016, says a new study from The Freedonia Group.
The industry market research firm says growth will be boosted by an overall strengthening of the U.S. economy following the 2007-2009 recession. In particular, growth will benefit from expanded food, beverage, and durable goods output, as well as from a rebound in construction spending, which will stimulate demand for goods and materials (and their related boxes) used in construction applications.
Boxes and folding cartons sporting high-quality graphics and printing will also generate demand, as will retail- or shelf-ready containers, which are also expected to gain ground. Food and beverages, which accounted for 50% of total U.S. box demand in 2011, represent the largest single box market.
Corrugated and solid fiber box demand is forecast to climb 2.5% annually through 2016 to $26.1 billion, supported by a rebound in manufacturing activity and accelerated growth in consumer spending.Demand for folding paperboard boxes is expected to increase 1.7% yearly to $9.8 billion in 2016, trailing the corrugated box pace as a result of strong competition from flexible packaging and mini-flute materials.
“Corrugated & Paperboard Boxes” is available for $5,100 from The Freedonia Group, Inc. Call Corinne Gangloff at 440.684.9600, fax 440.646.0484, or e-mail [email protected].