$84.4bn
$X.Xbn
149k
967
$XX.Xbn
Cardboard box and container manufacturing is the largest paper-converting industry in the United States. This industry is a significant consumer of paper, paperboard and old corrugated containers, servicing nearly every sector of the economy. The continued expansion of online retailers has significantly contributed to growth over the past five years, as cardboard has remained one of the most widely used materials for packaging and shipping consumer goods. Pandemic-related disruptions muted some of the gains made during the period. Overall, revenue is forecast to grow at a CAGR of 1.0% to an estimated $84.4 billion through the end of 2024, including an anticipated 0.9% growth during the current year.
Industry revenue has grown at a CAGR of 1.0 % over the past five years, to reach an estimated $84.4bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Westrock Co | 15,217.1 | 868.9 | 5.7 | |
International Paper Company | 12,222.2 | 784.1 | 6.4 | |
Pratt Industries, Inc. | 3,503.7 | 213.7 | 6.1 |
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Industry revenue is measured across several distinct product and services lines, including Corrugated and solid fiber boxes, Folding paperboard boxes and Other paperboard containers. Corrugated and solid fiber boxes is the largest segment of the Cardboard Box & Container Manufacturing in the US.
Volatility in industrial activity dampens growth for corrugated and solid fiber boxes
This industry converts purchased paper, paperboard and old corrugated containers into cardboard boxes, containers and similar packaging solutions. Industry operators produce corrugated and solid cardboard packaging for a range of sectors and industries, including manufacturing, agriculture, wholesale, shipping and retail, among others.
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NAICS 32221 - Cardboard Box & Container Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Industry growth is driven by strong downstream demand. Manufacturers saw consistent consumer demand in downstream markets despite temporary disruptions caused by the pandemic...
Learn about an industry's products and services, markets and trends in international trade.
Consumer convenience fuels paperboard box demand. The pandemic briefly disrupted supply chains, but the rise in single-use items increased paperboard box popularity. This tre...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Large population centers drive establishment growth. These regions offer manufacturers a vast consumer base and reduced operating costs, making them attractive for business e...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Improvements in cardboard product quality can give manufacturers a competitive edge. High-quality products attract more customers, enhancing market share. This focus on quali...
Learn about the performance of the top companies in the industry.
Sustainability practices boost market appeal. Manufacturers focusing on eco-friendly cardboard solutions attract environmentally conscious consumers. This approach not only e...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Higher consumer spending supports the industry. As consumers remain active, manufacturers will benefit from strong demand for their products. This increased demand supports b...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Niche markets sustain profitability. Despite major market disruptions during the pandemic, steady demand from food and beverage manufacturers supported industry growth. This ...
Including values and annual change:
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Key data sources in the US include:
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These sources include:
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The market size of the Cardboard Box & Container Manufacturing in the US industry in United States is $84.4bn in 2024.
There are 967 businesses in the Cardboard Box & Container Manufacturing in the US industry in United States, which has declined at a CAGR of 1.4 % between 2019 and 2024.
The market size of the Cardboard Box & Container Manufacturing in the US industry in United States has been growing at a CAGR of 1.0 % between 2019 and 2024.
Over the next five years, the Cardboard Box & Container Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Cardboard Box & Container Manufacturing market in United States are Westrock Co, International Paper Company and Pratt Industries, Inc.
Manufacturing corrugated and solid fiber boxes and Manufacturing folding paperboard boxes are part of the Cardboard Box & Container Manufacturing in the US industry.
The company holding the most market share in United States is Westrock Co.
The level of competition is high and increasing in the Cardboard Box & Container Manufacturing in the US industry in United States.