North America Corrugated Packaging Market Size (2024 - 2029)

North America Corrugated Packaging Market Analysis

The North America Corrugated Packaging Market size is estimated at USD 41.62 billion in 2024, and is expected to reach USD 47.5 billion by 2029, growing at a CAGR of 2.68% during the forecast period (2024-2029).

Corrugated material is made from corrugated fiberboard. The prime purpose of corrugated packaging is to protect products in shipments, transit, and storage. The market for corrugated packaging is growing, owing to rapidly rising e-commerce, food and beverage, and electronic industries in North America.

• Corrugated board packaging is a versatile and cost-efficient method to protect, preserve, and transport a wide range of products. A corrugated board is light in weight, biodegradable, and recyclable. Therefore, it is an integral component of the packaging industry and, thus, drives the market’s growth.
• The booming e-commerce industry in North America is a significant driving factor in the market’s growth. Prominent e-commerce companies, such as Amazon, have been using corrugated board boxes for principal packaging as they provide product protection and ensure customer satisfaction. Corrugated boxes used for e-commerce are more likely to be printed with high-quality graphics and customized to fit packaged contents to save on costs and increase the aesthetic impact during unboxing.
• Furthermore, manufacturers of corrugated board packaging directly collaborate with e-commerce vendors to provide more agile and customizable solutions. Amazon works toward minimizing cardboard waste for the customer to maximize the efficiency of the order by producing the right-sized boxes for each shipment, which is expected to further boost market growth.
• Major players in the region have been involved in various expansion, acquisition, and collaboration activities to enhance their presence and position in the market. For instance, in April 2024, International Paper (IP), a US-based packaging company, announced the acquisition of DS Smith PLC, a UK-based company. This strategic acquisition is likely to strengthen IP's global packaging business through growth in innovation and sustainability across Europe and North America.
• The rising consumer consciousness regarding sustainable packaging is encouraging the use of environment-friendly packaging for various manufacturers and retailers. Various companies have been focusing on investing in sustainable collaborations for enhanced production capabilities to serve customers. For instance, in September 2023, Smurfit Kappa LLC, an Ireland-based packaging company, partnered with WestRock, a US-based company, to create sustainable corrugated and consumer packaging options in North America, Europe, and Asia.
• The demand for corrugated boxes may decline due to significant competition from a variety of flexible packaging options in North America. Many e-commerce companies use flexible packaging options as they are lightweight and provide optimizing logistics solutions compared to rigid packaging. Hence, factors such as convenience, cost-savings, and sustainability can result in packaging manufacturers shifting from rigid to flexible packaging, thus hampering product demand.

North America Corrugated Packaging Industry Segmentation

The study covers the corrugated packaging market in terms of consumption and sales of different corrugated packaging products offered by various vendors. The consumption value (USD) of corrugated packaging is considered for the market size and forecasts. The market study factors the impact of geopolitical scenarios on the market based on the prevalent base scenarios, key themes, and end-user vertical-related demand cycles.

The North American corrugated packaging market is segmented by end-user industry (processed foods, fresh food and produce, beverages, paper products, electrical products, and other end-user industries) and country (United States and Canada). The report offers market sizes and forecasts in value (USD) for all the above segments.