Folding Paperboard Box Market Overview in the USA

After three years of growth, the U.S. folding paperboard box market decreased by -% to $ in 2019. Over the period under review, consumption showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the market value increased by % year-to-year. Over the period under review, the market reached the maximum level at $ in 2018, and then reduced slightly in the following year.

In value terms, folding paperboard box production stood at $ in 2019. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of % y-o-y. Folding paperboard box production peaked in 2019 and is likely to continue growth in the immediate term.

In 2019, after three years of growth, there was decline in consumption of folding paperboard box, when its volume decreased by -% to tonnes. In general, consumption showed a perceptible slump. The pace of growth appeared the most rapid in 2016 when the consumption volume increased by % y-o-y. Folding paperboard box consumption peaked at tonnes in 2013; however, from 2014 to 2019, consumption remained at a lower figure.

The value of the folding paperboard box market in the U.S. reduced modestly to $ in 2019, remaining constant against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of % y-o-y. Over the period under review, the market hit record highs at $ in 2018, and then reduced modestly in the following year.

Depressed by shrinking demand for folding paperboard box in the U.S., the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from 2019 to , which is projected to depress the market volume to tonnes by the end of .

Over the period under review, the share of imports in terms of total folding paperboard box consumption in the U.S. was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the the U.S. folding paperboard box market is largely supplied by domestic manufacturers.

The U.S. remains a net importer of folding paperboard box; in physical and value terms, imports consistently exceeded exports from 2013 to 2019. In 2019, there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.