BRUSSELS, January 24, 2012 /PRNewswire/ --
The largest end-user segment of corrugated boxes in North America is the food and beverage industry, accounting for 51% of shipments in 2010. These shipments to the food industry will continue to increase at an average annual rate of 2.4% from 2012 - 2016. The expansions and contractions among 21 end-use markets for corrugated are published in a new study U.S. Corrugated Box End-Use Markets: Analysis and Forecast through 2016, by RISI, the leading information provider for the global forest products industry.
Demand for corrugated boxes traditionally fluctuates with the growth of a wide range of consumer products industries-including both durable and non-durable manufactured goods. Thus trends in corrugated shipments can often be explained by general macroeconomic conditions such as changes in real GDP, consumer spending, international trade and industrial production, factors that affect manufactured goods markets. Following economic trends from 2002-2011, corrugated box shipments declined at an average annual rate of 0.6%. However, in 2010 corrugated box shipments rebounded, reflecting the resilience of the broader U.S. economy - increasing 3.6% over 2009 to reach 357 billion sq. ft. - valued at more than US$24 billion.
Looking forward, the study finds that retail and packaging trends will play a significant role in determining shipment trends. Opportunities for corrugated in the food and beverage segment will abound as Wal-Mart and other 'big box' retailers remain committed to increasing stocking efficiency and the use of sustainable packaging materials such as corrugated packaging. Corrugated packaging is 100% recyclable, made from renewable resources and is cost-effective to transport and stock produce, meat and other food products.
Within the food & beverage end-use category, the study finds that beverages, fresh fruit & vegetables and dairy will see the largest future shipment growth:
"This is opening up opportunities for mini-flute corrugated," explains Ken Waghorne, RISI's Vice President, Paper Packaging, "potentially taking share from markets traditionally dominated by folding cartons."
U.S. Corrugated Box End-Use Markets provides a detailed forecast through 2016 for consumer spending, trade, production and corrugated box shipments for 21 specific end-use industries in the categories: Food & Beverage, Non-Durable (Non-Food), Durable Goods and Non-Manufacturing.
For more information visit http://www.risi.com/enduse
Notes to Editors:
1) About RISI (http://www.risi.com)
Owned by UBM plc listed on the London Stock Exchange, RISI is the leading information provider for the global forest products industry. The company works with clients in the pulp and paper, wood products, timber, biomass, tissue, nonwovens, printing and publishing industries to help them make better decisions.
Headquartered in Boston, MA, RISI operates additional offices throughout North and South America, Europe and Asia.
2) About UBM plc (http://www.ubm.com)
UBM plc is a leading global company. We inform markets and bring the world's buyers and sellers together at events, online, in print and provide them with the information they need to do business successfully. We focus on serving professional commercial communities, from doctors to game developers, from journalists to jewellery traders, from farmers to pharmacists around the world. Our 6,000 staff in more than 30 countries are organised into specialist teams that serve these communities, helping them to do business and their markets to work effectively and efficiently.