Corrugated Packaging Market - Present Scenario and the Growth Prospects with Forecast 2024
Corrugated Packaging Market - Global Industry Analysis, Growth, Trends and Forecast 2016 - 2024
Albany, NY -- (SBWire) -- 04/17/2018 --Product packaging is an essential part of a product life cycle. Consumers' need for convenient, light weight product packaging has driven the packaging industry to manufacture organized paperboard product packaging solutions with the aim to meet the consumer demands and tap the organized retail industry. The ongoing penetration of e-commerce and retail industry boom have resulted in the increased manufacture of innovative corrugated packaging solutions that contribute significantly to the global corrugated packaging market.
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Growth of processed food industry owing to increasing consumer demand have resulted into a growth of corrugated packaging market. Corrugated packaging market is majorly driven by the growing e-commerce business. Changing consumer lifestyle patterns have boosted up the growth of e-commerce business wherein, the manufacturers have widely adopted the use of corrugated packaging to ensure safe product delivery, thereby escalating the growth of global corrugated packaging market.
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Moreover, the organized retailing have a significant contribution to the increasing demand for global corrugated packaging market. The need for preserving the product shelf life, retailers store products in corrugated boxes thereby fueling up the demand for corrugate packaging market.
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