Corrugated, Folding Carton Market To Surpass $93.8B The overall U.S. corrugated and folding boxboard market was estimated at $74.5 billion in 2019 and is expected to hit $93.8 billion by 2026, registering a Compound Annual Growth Rate of 3.5 percent from 2020 to 2026, according to a new report published by Global Market Insights Inc. Corrugated and folding boxboards are being increas- ingly used in the packaging of homecare and personal care products, according to the report. The usage of these boxes is increasing in the home care industry for the packaging of toilet cleaners, kitchen utensils, and other products used on a daily basis. The rising demand for luxury personal care brands in the United States are anticipated to support the demand for home care as well as personal care products, thereby trigger- ing the U.S. corrugated and folding boxboard market growth in the region for packaging-based applications. Paper, Packaging Products Preferred By Consumers According to research shown in a series of down- loadable infographics offered by the Paper and Pack- aging Board (P+PB),paper and packaging products are
preferred by consumers and brands alike. Research data shows 64 percent of surveyed con- sumers agree that they think more highly of compa- nies that package their products in paper-based pack- aging, and 79 percent agree that even as technology becomes more advanced, paper continues to play an important role in daily life. This data, and many more statistics, are available as shareable infographics and found in the virtual sales toolkit P+PB has made available industry-wide. DS Smith Annual Profit Bolstered By E-Commerce Packaging firm DS Smith has reported a 5 percent rise in annual profit, bolstered by growing demand from e-commerce and consumer goods customers, but the company said it was too early to resume dividends in the short-term due to the pandemic. The company said the COVID-19 crisis had a £15 mil- lion impact in the last two months of its financial year as box volumes declined and industrial customers re- mained weak. The company, which makes cardboard boxes and re- cycled paper, reported an adjusted operating profit of £660 million, up from £631 million last year.
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