Corrugated Packaging Market Insights, Key Players and Future Scope

The corrugated packaging market is predicted to register a CAGR of 3.7% during the forecast period by P&S Intelligence.
By: P&S Intelligence
 
NEW YORK - Jan. 12, 2021 - PRLog -- The growing environmental degradation is massively pushing up the demand for sustainable and eco-friendly solutions and materials. Moreover, in many countries, the rising volume of landfills is rapidly becoming a major issue and thus, it is making the governments and regulatory authorities implement strict environmental regulations and launch huge public awareness campaigns regarding the use of environment-friendly materials. Because of these factors, the usage of corrugated packaging materials is rising, particularly for non-durable consumer products.

The ballooning usage of corrugated packaging materials is causing a sharp rise in their sales, which is, in turn, causing the surge of the global corrugated packaging market. Processed food, beverages, fresh food and produce, chemicals, personal and household care, electrical and electronics items, paper products, ceramics and glassware, wood and timber, tobacco, direct mail and dispatch, textiles, transport, furniture, apparel, and footwear are the major application areas of these materials.

The progress of the market in this region will be driven by the rising requirement for packaging materials in the processed food industry, especially in India and China. The corrugated packaging market (https://www.psmarketresearch.com/market-analysis/corrugat...) will boom in China in the forthcoming years, on account of the soaring industrial production in the country. Japan will also observe rapid expansion of the industry in the upcoming years, on account of the country being a leading exporter of automotive parts and consumer electronics goods.

Therefore, it can be said without any hesitation that the sales of corrugated packaging materials will climb in the near future, because of the growing requirement for sustainable and eco-friendly packaging materials in the food processing, e-commerce, and consumer electronics industries and the higher flexibility and protection provided by these materials to the packaged goods than the traditionally used ones.

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Tags:Corrugated Packaging Market
Industry:Business
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