E-Commerce Boom and Sustainable Packaging Needs Let the Containerboard Market Grow
According to ResearchAndMarkets.com, the containerboard market is forecasted to grow by 27.08 billion US-Dollar during 2023-2028, accelerating at a CAGR (compound annual growth rate) of 3.12 percent during the forecast period.
“The market is driven by a booming e-commerce industry, increasing need for sustainable packaging solutions, and increasing rate of urbanization,” the Ireland-based market research store informed. “This study identifies the advent of flexible packaging another prime reason driving the containerboard market growth during the next few years. Also, incorporation of advanced technologies across global containerboard market and increasing demand for innovative lightweight materials will lead to sizable demand in the market.” The report titled “Global Containerboard Market 2024-2028” would provide a holistic analysis, market size and forecast, trends, growth drivers, and challenges as well as vendor analysis covering around 25 vendors.
(Published in GLOBAL RECYCLING Magazine 1/2024, Page 14, Photo: Oliver Fuß / pixabay.com)
