Technavio: Packaging Market To Grow by $59.15B Through 2027 The global paper and paperboard container and packag- ing market size is estimated to grow by $59.15 billion from 2023-2027, according to report released by Technavio. The market is estimated to grow at a CAGR of 4.39 percent during the forecast period. Emergence of specialized paper and paperboard con- tainers is driving market growth, with a trend towards ad- vent of smart packaging. However, chances of contami- nation with recycled paperboard poses a challenge, the report said. The global market for smart paper and paperboard containers and packaging is experiencing growth due to the increasing demand for advanced packaging solutions in various industries. Major players in the market are focus- ing on innovations such as smart folding boxes, which can track product information throughout the delivery process and offer individualized designs and messages to custom- ers. The use of smart paper and paperboard containers and packaging is expected to increase, driven by advance- ments in microsensors, printed electronics, authentication platforms, and the Internet of Things (IoT). WestRock’s CerePak Smart Adherence Packaging is a notable example, utilizing a microprocessor and conduc- tive inks to monitor medication usage, the report said.
Box Shipments ( U.S. Corrugated Product Shipments) Industry Shipments In Billions of Square Feet Month December 2023
Year
Actual
Percent Change Avg Week Percent Change
2023 2022
29.711 30.124
-1.4
7.819 7.927
-1.4
Industry Total
Year-to Date
December 2023
Year
Actual
Percent Change Avg Week Percent Change
2023 2022
380.555 400.520
-5.0
7.611 7.979
-4.6
Industry Total
Containerboard Consumption (Thousands of Tons)
Year
Month
Percent Change Year-to-Date Percent Change
2023 2022
2.4080 2.4260
-0.7
30.9333 32.5461
-5.0
Container Board Inventory - Corrugator Plants (Thousands of Tons)
Corrugator Plants Only
Date
Percent Change Weeks of Supply
Percent Change
Dec. Nov.
2.1892 2.1071
3.9
3.5 3.5
6.1
Shipping Days
Year
Month
Year-to-Date
2023 2022
19 19
250 251
SOURCE: Fibre Box Association
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