U.S. Corrugated, Folding Boxboard Market Surges
Flexo Market News
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 from Glob- al Market Insights Inc. Corrugated and folding box- boards are being increasingly used in the packaging of homecare and personal care products.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. Based on the product, the double-wall corrugated boxes represented nearly 20 percent in the corrugat- ed segment back in 2019.These boxes are gaining the attention of the customer owing to several benefits they offer including greater rigidity and improved pro- tection among others. Based on the application, the corrugated and folding boxboard are extensively used in the home appliance industry and are anticipated to witness high demand over the analysis time period. The report focuses on several reasons for U.S. corru- gated and folding boxboard market growth: • Increasing demand in the global food & beverage sector. • Rising E-commerce activities, which is driving the packaging sector. • Increase in export for various commodities from the United States The Northwest United States represents a consider- able share of the overall U.S. corrugated and folding boxboard industry. The region is further expected to observe a high growth in the coming years due to its huge export values.Across the United States, the state of California ranks second with regards to export.The state also represented nearly 21 percent of total ex- ports of electronic products. California, in 2018 held a share of more than 6 per- cent in the overall export of transportation equipment, the state is also engaged in the export of several oth- er commodities like chemical, machinery, and crops. Product demand is expected to grow further owing to the increasing demand for electronic products. Central National Gottesman Acquries American Packaging Central National Gottesman Inc., which owns sales and distribution businesses in the global pulp, paper, tissue, packaging, wood products industries, has ac- quired Northern California-based American Packaging.
Adheso-Graphics, Inc. www.adheso-graphics.com
AGI manufactures, distributes and converts current technology flexo mounting tapes and backing sys- tems for corrugated plate mounting. Flexstik hard vinyl, FlexSoft, bi.esse brand, Gold Series Thin tapes for sleeve and Narrow web plate mounting. Specialty tapes that cover the vast thick- ness range requirements and specific adhesion systems for all flexo mounting requirements. We provide technical service and problem solving ser- vices for unique customers & applications. A&V manufactures a complete line of photopolymer plate processing systems and is a leading distribu- tor of flexographic platemaking materials. A&V also sells digital imaging systems and software specifical- ly designed for flexography. ARC International www.ARCInternational.com Anderson & Vreeland, Inc. www.andersonvreeland.com ARC International is a world leader in the manufac- turing of roller products for flexography. The latest nanotechnology laser engraving in our Charlotte and Las Vegas manufacturing facilities ensures superior quality and consistency in anilox rollers. DuPont Packaging Graphics www.cyrel.com/na DuPont Packaging Graphics is the world’s leading supplier of flexographic printing systems in digital and conventional formats; including Cyrel® brand photopolymer plates, Cyrel® FAST processing equipment, Cyrel® round sleeves, mounting and fin- ishing products. For more than 35 years, beginning with Cyrel®, the first photopolymer printing plate, through to to- day’s digital workflow revolution, DuPont has been driving innovation in the Flexo and package printing industries. The Digital Cyrel® FAST imaging system has been broadly recognized for its efficiency, productivity, print performance, and environmental benefits.
10 August 3, 2020 Flexo Market News
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