Prospects of corrugated packaging market in the United States in 2020

Prospects of corrugated packaging market in the United States in 2020

In the U.S. region, the annual growth rate of the corrugated packaging industry has been 1-2.5% since 2014. The shipment volume in 2018 is almost the same as that in 2019. The product shipment volume is 392 billion square feet, and the shipment volume value reaches 35.2 billion US dollars. 2020 may bring uncertainty to the US economy.
This year marks the 80th anniversary of the FBA Association. Founded in 1940, the association has a long history in providing services to the corrugated industry. The association brings together corrugated packaging manufacturers from North America with a common interest in the problems, trends, technical challenges and overall well-being of the corrugated industry.
Data service is the cornerstone of FBA. It provides information about transportation, cardboard production, consumption and inventory for the corrugated packaging industry, as well as benchmark tests and hot topic reports. It aims to ensure that members have useful information to help them make informed business decisions.
Although 2020 may bring uncertainty to the US economy. Elections are unpredictable, manufacturing may slow down, covid-19 continues to spread, and there are persistent trade policy concerns, but manufacturers, retailers, and consumers of consumer products will continue to rely on Sustainable corrugated packaging to deliver products safely to the market and consumers.

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Post time: May-07-2020

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