The sales of setup (rigid) paperboard boxes in the US have shown a declining trend over the past years. In 2023, the market value stood at $456.05 million. Examining the year-on-year variation, the sales decreased by 6.12% from 2022 to 2023, which followed a 7.72% decrease from 2021 to 2022. The Compound Annual Growth Rate (CAGR) averaged -5.68% over the last five years, reflecting a consistent downward trajectory.
Looking forward, the trend is expected to continue with the forecast indicating a CAGR of -6.61% over the next five years, leading to a projected market value of $301.31 million by 2028, representing a 28.96% decrease. Future trends to watch for include shifts in consumer packaging preferences, advancements in sustainable packaging solutions, and potential economic factors influencing production costs and demand.
