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Corrugated Packaging Market is Booming Worldwide, value CAGR of 7% during the forecast period 2022-2032
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Secondary shipping corrugated boxes, primary corrugated boxes, and corrugated retail display stands are all types of corrugated packaging that are used to package non-durable goods, durable goods, food and drinks, as well as non-food and non-manufacturing things (in wholesale trade and retail trade services).
By the end of 2031, the global corrugated packaging market is expected to be worth around US$ 357 billion, and it is predicted to grow brightly at a 6.7% CAGR throughout that time.
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Increasing preference for sustainable packaging solutions among manufacturers elevates global corrugated market scenario through 2031
Increasing preference for economical, eco-friendly, and light weight packaging by end-users such as electronics, automotive, pharmaceuticals, healthcare, and food and beverages sectors, will remain a major factor driving the growth of corrugated packaging market through 2031. The flourishing Ecommerce sector is anticipated to play a pivotal role in escalating adoption of corrugated packaging.
Furthermore, corrugated board is an eco-friendly packaging material, comprised of recyclable materials like used cardboard carton and old newspapers. Moreover, corrugated cardboard is often produced without the use of dyes or bleaches, thereby reducing its footprint and level of recyclability.
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Market Taxonomy: (Corrugated Packaging Market)
By Product Type
Single wall boards
Single Face boards
Double wall boards
Triple wall boards
By Packaging Type
Boxes
Slotted boxes
Folder boxes
Telescope Boxes
Die Cut Boxes
Crates
Trays
Octabin
Pallet
Others
By End Use
Food & Beverage
Electrical & Electronics
Home care products
Personal care products
E-commerce
Transportation & Logistics
Healthcare
Others
By Region
North America
Latin America
Europe
APAC
MEA
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Tankless Water Heaters Market : https://www.persistencemarketresearch.com/market-research/tankless-water-heater-market.asp
FAQ'S:
What will be the corrugated packaging market value in 2021?
What is the outlook for corrugated packaging by the end of this decade?
What was the market expansion rate in terms of CAGR over the past 5 years?
Which nations are guiding the demand for corrugated packaging?
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