Dive Brief:
The price of cardboard reached a record high in February, according to the Producer Price Index for corrugated and solid fiber box manufacturing from the U.S. Bureau of Labor Statistics (BLS). The rising prices indicate e-commerce demand is leading to higher costs for packaging materials.
The index has increased more than 4% since December 2020 and is up the same amount year-over-year, according to the BLS figures.
Corrugated industry shipments were up 3.4% year-over-year in 2020 to reach a total 407 billion square feet, according to figures emailed by the Fibre Box Association.
Cardboard prices reach record highs
Producer Price Index by Industry: Corrugated and solid fiber box manufacturing