NEWS & KNOWLEDGE
Interesting things about the packaging industry, retailing dynamics, consumer trends and NOA’s insight.
Projected global growth of the corrugated market is equivalent to the size of the U.S. corrugated market today
NOA-PRISM have been working with the International Corrugated Case Association (ICCA) to research and investigate the global corrugated market. “Global corrugated demand has grown at an average of 3.3% per annum from 200 billion square meters (bsm) in 2011 to reach almost 236 bsm in 2016. Future growth is forecast to average 3.0% for the next five years, resulting in a global market of 273 bsm by 2021. That projected growth of 37 bsm is equivalent to the size of the U.S. corrugated market today”, states Dennis Colley, President of the ICCA. Read pages 3-4 of the article to find out more of the highlights from our research.
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*This article appeared in the January/February 2018 issue of Corrugated Today and is reproduced with kind permission from Brunton Publications.