Containerboard Market in N.A. to Grow at 2.42% CAGR to 2020
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Research and Markets, Dublin, Ireland, has announced the addition of the Containerboard Market in North America 2016-2020 report to its offering. The report forecasts the containerboard market in North America to grow at a CAGR of 2.42% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Growing demand for sustainable packaging solutions are gaining traction in the market. Consumer goods manufacturers prefer eco-friendly packaging materials as they promote sustainability. Paper can be recycled up to seven times, which gives corrugated manufacturers an advantage over manufacturers of other packaging products. Therefore, manufacturers are focusing on producing 100% recyclable corrugated boxes.
According to the report, a growing e-commerce industry is anticipated to drive the demand for containerboard in North America. The demand for containerboard in the region is a result of increased shipments of products in the U.S. and Canada via e-commerce platforms. The retail industry in North America was heavily impacted by the sluggish economic growth in the past. However, even with slow economic growth, online retail sales have outpaced major markets in the region in terms of revenue generation.
Key vendors are International Paper, WestRock, Georgia-Pacific, PCA, and KapStone.
