In 2023, the US folding paperboard box market reached a value of 15.971 billion US dollars. Observing the trend from 2013 to 2023, the market exhibited a steady growth trajectory, with some minor fluctuations. The most significant year-on-year changes occurred in 2020 with a 7.03% increase, likely induced by pandemic-related demand surges. Over the past five years, the compound annual growth rate (CAGR) averaged 1.87%, showing moderate expansion. Forecasts indicate a continued upward trend, reaching 17.251 billion US dollars by 2028, marking a forecasted 5-year CAGR of 1.18%.
Future trends to watch for include advancements in sustainable packaging, increased e-commerce, and technological innovations in packaging materials and processes, which could drive further growth and industry shifts.
