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“The Corrugated Box Market study in the US is a comprehensive report with in-depth qualitative and quantitative research evaluating the current scenario and analyzing the growth of USD 1.85 billion and CAGR of 3.32% by segment End-user and Materialduring the forecast period 2021 to 2026”
Furthermore, this report extensively covers the market segmentation by end-user (food and beverage products, non-durable products, and durable and others) and material (virgin corrugates and recycled corrugates). The US corrugated board market report also offers information on several market vendors, including Acme Corrugated Box Co. Inc., Amcor Plc, Associated Bag, Buckeye Corrugated Inc., Cascades Inc., DS Smith Plc, Georgia-Pacific LLC, Hood Container Corp., International Paper Co., Kruger Inc., Mondi plc, Neway Packaging Corp., Packaging Bee, Packaging Corp. of America, Shillington Box Company LLC, Stora Enso Oyj, VPK Group, Wertheimer Box Corp., WestRock Co., and Great Little Box Company Ltd
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Technavio categorizes the Corrugated Box Market in the US as a part of the Materials industry within the Containers and Packaging industry. Technavio categorizes the market in the US as a part of the global metal and glass containers market. Our Technavio research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the forecast year.
Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the smart room heater industry. The holistic analysis of the drivers will help deduce end goals and refine marketing strategies to gain a competitive edge.
Key Corrugated Box Market in US Driver
Increased market consolidation is one of the key drivers supporting market growth. Manufacturers in the market prefer inorganic growth, as acquisitions, partnerships, and mergers will help them to grow at a faster pace through technology implementations and innovations. This increase in the number of mergers, acquisitions, and partnerships in the market drives consolidation among vendors, wherein large vendors either acquire or enter into a partnership with small vendors. For instance, in February 2021, Mondi Group partnered with BCoolBox, which provides 100% recyclable and reliable packaging solutions to transport fresh food. Such instances will drive market growth during the forecast period.
Key Corrugated Box Market in US Trend
Rapid advances in printing are one of the key market trends contributing to market growth. Printing on packaging boosts the visual appeal of a product, thereby adding value to its brand visibility. Corporations are investing significant amounts in research and development to come up with innovations in corrugated box printing. New types of machinery and skilled manpower are required for printing different types of containers. The adoption of technology starts from the manufacturing process to the selection of raw materials to be processed to suit customer requirements. Thus, rapid advances in printing are a growing trend, which is expected to boost the market's growth during the forecast period.
Key Corrugated Box Market in US Challenge
The impact of the just-in-time inventory model is one of the factors challenging the market growth. End-users of corrugated boxes prefer just-in-time inventory rather than traditional storage inventory because these boxes require more inventory space, which increases the inventory maintenance cost. In addition, consumers will demand corrugated boxes for other storage purposes. It is hard for corrugated box manufacturers to forecast the demand, which is for two weeks ahead. However, corrugated box manufacturers can overcome this issue by outsourcing the inventory to third-party inventory control for efficient operations. Many leading players in the market prefer third-party inventory control to an in-house inventory system, which can become a major challenge for the growth market during the forecast period.
Our report provides extensive information on the value chain analysis for the corrugated box market in the US, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
acmebox.com - The company offers a corrugated box that includes consumer boxes, displays and promotional, protective, trays, retail and shelf ready.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. The vendor profiles are designed to help clients improve their market position, and information on production and sustainability along with this the report provides a detailed analysis of several leading Companies.
To gain further insights on the market contribution of various segments Request a PDF Sample
The market share growth by the food and beverage products segment will be significant during the forecast period. The growth in the per capita income of consumers has increased the affordability of packaged food and drinks, which were once considered to be affordable only for the high-income population. Thus, an increase in the demand for food and beverage products will increase the demand for corrugated box packaging during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on the post-COVID-19 impact on each segment.
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Corrugated Box Market Scope in the US |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.32% |
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Market growth 2022-2026 |
$ 1.85 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
2.44 |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
Acme Corrugated Box Co. Inc., Amcor Plc, Associated Bag, Buckeye Corrugated Inc., Cascades Inc., DS Smith Plc, Georgia-Pacific LLC, Hood Container Corp., International Paper Co., Kruger Inc., Mondi plc, Neway Packaging Corp., Packaging Bee, Packaging Corp. of America, Shillington Box Company LLC, Stora Enso Oyj, VPK Group, Wertheimer Box Corp., WestRock Co., and Great Little Box Company Ltd |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Market Segmentation by Material
7 Customer Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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