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Showing posts with the label Global Corrugated Packaging Industry Analysis

Global Corrugated Packaging Market – Lucrative Business Opportunities for New Entrants

According to Goldstein Research, global corrugated packaging market is expected to reach USD 332.49 billion in 2024 from USD 239.24 billion in 2016, growing at a CAGR of 4.20% over the forecast period 2016-2024. Growing urbanization, expanding international trade business and growing e-commerce industry is encouraging the demand for innovative corrugated packaging. Global corrugated packaging market segmentation has been carried out on the basis of packaging type and based on end-user application. Food & beverage industry dominated the end-user application segment accounted for 38% market share of total corrugated packaging market in 2016 due to increasing “on the go” lifestyle and growing online retailing. Global corrugated packaging market is dominated by North America followed by Europe. There are around 1,300 manufacturing plants for corrugated production in the United States and Canada and over 96% items are shipped in corrugated boxes in the US. Browse Full Report: https:...