Ship Shape: Paper and Packaging Prices on the Rise
IBISWorld anticipates rising prices for wood pulp and paper will flow on to a number of paper-based packaging products and services. The markets that are anticipated to bear the weight of these trends include corrugated boxes, molded fiber packaging and packaging services.
Corrugated Boxes
Corrugated boxes are a popular packaging product used for a variety of applications, such as shipping and storing consumer goods and industrial tools and equipment. In the three years to 2017, IBISWorld forecasts the price of corrugated boxes to increase at an annualized rate of 3.0 percent. The rising price of paper, a key input in manufacturing corrugated boxes, will force operators to increase box prices to maintain profit margins. With growing overall demand for corrugated boxes stemming from consumers and businesses alike, suppliers will be able to raise prices without risking drops in demand.