Packaging Outlook 2020: Paperboard and CorrugatedMarch 25, 2020
Steady, stable, sustainable and innovative. These four words describe the paperboard packaging market today and, we forecast, for many years to come. As part of the Paperboard Packaging Council’s (PPC’s) industry data offering, we keep a pulse on economic trends that will affect the folding carton market. Following are just a few of the developments to expect in 2020.
Economic and Market Outlook 2020
According to the most recent data, folding carton demand will enjoy measured growth through 2023. The total value of U.S. carton shipments should climb from an estimated $8.5 billion in 2018 to $9.3 billion in 2023. Additionally, average values per ton, which dipped from 2015-2017 before recovering in 2018, are expected to grow by 1.7% over the forecast.