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North America Corrugated Packaging Market: Growing with Technology and Demand
Trade performance, major packaging materials, and recent developments analyzed in Makreo Research's comprehensive study on North America Corrugated Packaging Market
By: Makreo Research and Consulting
Rising Demand and Market Expansion
The North America Corrugated Packaging Market is witnessing significant growth, driven by various factors. Over 95% of items consumed in North America are packaged and delivered in corrugated packaging, making it the backbone of the supply network in the region. The market is projected to cross USD 50 billion in the next five years, growing at a steady rate of around 3% annually. The surge in e-commerce, the rise of the fresh fruit industry, growing concerns about sustainability, increased shipping supplies, and the demand for food and beverages are contributing to the expansion of the market.
Meeting Consumer Needs
Convenience food demand grows with a fast-paced lifestyle. Corrugated packaging meets customer needs. Digital printing enhances engagement, personalization, and brand loyalty, attracting new buyers.
Key Developments and Future Outlook
The adoption of new technologies, such as fit-to-product (FtP) and box-on-demand, is revolutionizing the corrugated box production. These solutions cater to the unique needs of e-commerce giants like Amazon and reduce the need for maintaining large inventories of various box sizes. Furthermore, notable investments and acquisitions are reshaping the market landscape. Companies like Smurfit Kappa and WestRock are expanding their operations in Mexico, enhancing their capabilities in corrugated box production.
Emerging Opportunities and Headwinds
Mexico is an emerging market for corrugated packaging, attracting investments from foreign players in sectors like automotive, electronics, and consumer goods. The growing middle class and expanding manufacturing sector in the country are expected to drive continued market growth. However, the supply chain headwinds caused by the pandemic, along with increasing costs and geopolitical challenges, have posed disruptions to the supply chain, impacting the corrugated packaging industry.
Makreo Research's study provides a comprehensive evaluation of the North America Corrugated Packaging Market, presenting a well-rounded analysis of its past performance, current state, and potential growth opportunities.
Find Out More:-
North America Corrugated Packaging Market Analysis and Forecast (2018-2028) (https://www.makreo.com/
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