Paperboard use predicted to rise

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Demand for folding paperboard boxes is expected to grow 3.9 percent per year through 2022, according to a study conducted by the Cleveland-based industry research firm The Freedonia Group.

The forecast estimates the sector will produce $12.8 billion worth of goods in 2022.

In 2018, the Trump administration levied a 10 percent tariff on folding cartons from China that was scheduled to increase to 25 percent Jan. 1, 2019. In December 2018, however, China and the United States agreed on a temporary suspension of tariff increases.

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Source: RecyclingToday

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