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CLEVELAND, Jan. 15, 2019 /PRNewswire/ -- Demand for folding paperboard boxes is expected to grow 3.9% per year through 2022 to $12.8 billion. In 2018, the Trump administration levied a 10% tariff on folding cartons from China that was scheduled to increase to 25% on January 1, 2019; however, in December 2018, China and the US agreed on a temporary suspension of tariff increases. If tariffs continue to rise as planned, they will result in increases in domestic production as well as a more rapid transition to flexible packaging formats. These and other trends are presented in Corrugated & Paperboard Boxes, a new study from The Freedonia Group, a Cleveland-based industry research firm.
More information about this study is here: https://www.freedoniagroup.com/industry-study/corrugated-paperboard-boxes-3686.htm
The US maintains a trade deficit in folding paperboard boxes that accounted for about 5% of demand in 2017:
Demand for all types of corrugated and paperboard boxes (i.e., corrugated and solid fiber, folding paperboard and set-up paperboard) is forecast to increase 2.6% annually to $42.5 billion in 2022. Nearly half of all new demand will stem from the large food and beverage market, and 16% of new box sales will derive from the small but rapidly growing e-commerce segment.
Corrugated & Paperboard Boxes (published 01/2019, 212 pages) is available for $5500 from The Freedonia Group. Please link citations to https://www.freedoniagroup.com/Corrugated-Paperboard-Boxes.html
About The Freedonia Group, a division of MarketResearch.com – The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985, we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Additional Packaging studies can be purchased at www.freedoniagroup.com, www.marketresearch.com and www.profound.com.
Press Contact:
Corinne Gangloff
+1 440.684.9600
cgangloff@freedoniagroup.com
View original content to download multimedia:http://www.prnewswire.com/news-releases/demand-for-folding-paperboard-boxes-to-reach-12-8-billion-in-2022--300777252.html
SOURCE The Freedonia Group
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