Corrugated box demand will reach 287 billion yuan is growing
The corrugated and cardboard sector is on the rise, with demand for folding cartons expected to reach $12.8 billion in 2022. Continued tariff increases planned will lead to increased domestic capacity in the United States and a faster transition to flexible packaging.
The corrugated and cardboard sector is on the rise, and the folding carton market is expected to reach $12.8 billion in the future
By 2022, demand for folding cartons is expected to grow by 3.9 percent annually to $12.8 billion.
In 2018, the trump administration imposed a 10 percent tariff on folding cartons exported from China, and plans to increase it to 25 percent by January 1, 2019.
But in December 2018, China and the United States agreed to temporarily stop raising tariffs.
A new study finds that the corrugated and cardboard sectors are on a growth trend, and that continued tariff increases, if planned, will lead to increased domestic production and a faster transition to flexible packaging.
Despite the us accounting for 5 per cent of demand in 2017, the sector is still running a trade deficit.
Low production costs in China offset shipping costs, making China the second-largest supplier of folding cartons in the United States
According to value classification, Canada, due to its geographical location and rich forest resources, together with its own processing facilities, accounts for half of the total number of folding cartons imported from the United States.
China is the second largest supplier of folding cartons to the United States in terms of both quantity and value, as low production costs in China offset shipping costs.
Corrugated boxes and cardboard boxes will total $42.5 billion, with 16 percent from small and fast-growing e-commerce players
Demand for corrugated boxes and cardboard boxes is expected to grow 2.6 percent annually to $42.5 billion by 2022.
Half of the demand comes from large catering markets, while the small and fast-growing e-commerce sector contributes 16 per cent of carton sales.