US Paper & Paperboard Packaging Market Outlook

The paper & paperboard packaging market in the united states has been steadily growing in recent years, continuing to stay robust and signal an optimistic outlook for the industry. demand for paper & paperboard packaging is driven by both the growth in consumption and the changing us economic and retail landscape. this trend is expected to continue over the coming years, with a projected average annual growth rate of 4.2% from 2018 to 2032. the demand for paper & paperboard packaging in the us is largely driven by the growing demand for convenience-oriented packaging, as consumers prioritize convenience and on-the-go lifestyle choices. this has led to an increase in the demand for single-use paper products, such as paper cups and takeaway packaging, which now make up almost one-fifth of total paper & paperboard packaging consumed in the us. additionally, the current pandemic and its ramifications have further driven the demand for convenience-oriented packaging, as people prioritize having meals and other products delivered to them. in the us, paper & paperboard packaging is used in a wide range of applications including food packaging, corrugated boxes, shipping envelopes, and retail bags. the food packaging industry is the largest market for paper & paperboard packaging products in the us, accounting for more than a third of the total market. corrugated boxes and shipping envelopes are also gaining popularity because of the increasing use of e-commerce, which has resulted in a surge in the demand for these products. retail bags, meanwhile, are still used by many brick-and-mortar retailers and supermarkets, and are likely to remain important for the foreseeable future. in addition to convenience-oriented packaging, there are also other factors driving the growth of the us paper & paperboard packaging market. these include an aging population and rising disposable income levels, which are resulting in increased demand for packaged foods. additionally, environmental concerns have led to increased demand for biodegradable and recycled paper packaging, as consumers increasingly prioritize sustainability. overall, the outlook for the us paper & paperboard packaging market is positive, with continuous growth expected over the next decade. innovation in packaging design and materials, coupled with advances in packaging technology and increasing demand for convenience packaging, are expected to further drive growth in the market.