Market Trends of North America Corrugated and Folding Carton Packaging Industry
Food Segment is Expected to Witness Significant Growth
- Fresh produce must keep up with emerging market trends in the food industry. Corrugated packaging helps the market players effectively use these solutions for price-effective packaging needs and cater to sustainability goals. Corrugated packaging requirements in the market segment must meet different end-user criteria, such as product protection, easy and safe handling, stackability, etc. The end user's preference for corrugated packaging has improved as it is a renewable and sustainable solution.
- Key players such as Greif Inc. offer trip wall corrugated packaging solutions for transporting fruits and vegetables. The company's corrugated bins protect fruits such as watermelons from damage during transport and storage. The containers provide a sturdy and protective outer layer that helps to keep the fruits safe from bumps and scratches.
- According to Jamestown Container, in September 2023, corrugated food packaging gained popularity as an environmentally responsible alternative to traditional packaging materials. Corrugated packaging may be used for various food products, from fresh produce and baked goods to frozen and canned goods. According to Frozen & Refrigerated Buyer, as of July 16, 2023, pizza was the largest frozen food category with sales of over 1.5 billion USD as customers search for convenient products that are simple and easy to prepare when they buy frozen foods at a store, which further increases the Corrugated packaging.
- Corrugated packaging is highly customizable, allowing the business to create unique and eye-catching food packaging, which helps print brand logos, product information, and other branding elements on corrugated boxes. This helps with brand recognition and improves the overall presentation of the products.
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Mexico Expected to Witness Significant Growth
- The growth of e-commerce in Mexico is driving increased demand for corrugated packaging, owing to its high-quality graphics, paperboard strength, customization options, and compatibility with inkjet and laser printing. Corrugated boxes allow businesses to enhance branding, ensure product protection, accommodate diverse product sizes, and streamline packaging processes.
- According to Worldpay, e-commerce sales revenue in Mexico is forecasted to increase by over 85% and reach about 63 billion dollars in 2025, mostly due to the rise of m-commerce in North America.
- Several key factors support the growth of corrugated packaging in the chemical industry in Mexico. Corrugated boxes are tailored to meet stringent safety and regulatory standards for transporting hazardous materials, offering leak-proof and spill-proof features. The technologically advanced Mexican chemical industry of 2023 emphasizes sustainability and operational agility, aligning with the recyclable and biodegradable properties of corrugated packaging.
- However, personal care and cosmetics brands utilize folding carton packaging to differentiate their products from those of their competitors. By incorporating customized designs, vibrant colors, and unique shapes, brands can increase their visibility and appeal to discerning consumers seeking premium experiences. Mexico’s market is experiencing substantial growth due to changing consumer preferences, innovative packaging design, and rising demand for high-end beauty products. This dynamic market presents manufacturers with opportunities to capitalize on emerging trends in the industry.
- The export of beverages to different countries often entails compliance with diverse packaging regulations and standards, prompting the need for specialized corrugated packaging solutions tailored to meet specific market requirements. Manufacturers in the corrugated packaging industry can leverage this demand by offering customized packaging solutions that address the needs of exporters, thus stimulating market growth.
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