New increase in the cost of corrugated
The price of corrugated packaging is expected to increase between 8 - 14% over the next 1-2 months. At the start of 2022, North American producers of containerboard began announcing price increases as a result of consumer demand and wider supply chain issues. The increased cost of containerboard, the largest material component of corrugated products, is the main driver of rising prices.
There is some optimism that 2022 will not see as many price increases as 2021, but this is dependent on improved stability in the industry.
If you'd like to know more about the different cost drivers for your boxes, see this guide.
You can also visit the Lumi Corrugated Tracker for live updates.