Paper Packaging Market Growth Accelerated by Increased Demand from E-commerce Retailers
Paper packaging offers advantages such as low cost, sustainability, printability, and recyclability. It is widely used for packing of food and beverages, personal care and cosmetics, household products and other consumer goods. With the continued growth of e-commerce retail sector, the demand for paper packaging has accelerated owing to its unique benefits such as lightweight and high strength properties during shipping and deliveries. The global Paper Packaging Market is estimated to be valued at US$ 373.7 Bn in 2023 and is expected to exhibit a CAGR of 4.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Increased demand from e-commerce sector has been a key trend driving the growth of the paper packaging market . factors such as affordability, convenience, rising internet penetration and adoption of smartphones have led to rapid growth of e-commerce retailing across the world. This has signif...