Cardboard Box & Container Manufacturing Market to Reach $807 Billion by 2034
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Based on the newly published report by Fact.MR, a market research and competitive intelligence provider, the global cardboard box & container manufacturing market is valued at around US$ 479.25 billion in 2024 and is forecasted to expand at a CAGR of 5.3% to reach US$ 807.07 billion by 2034.
Due to several reasons that are changing the global economy, the demand for cardboard boxes and containers is still growing at a steady rate. Sustainable packaging solutions are in high demand due to the phenomenal growth of e-Commerce and recent changes in consumer purchasing patterns. Cardboard packing has emerged as the mainstay of contemporary commerce, from small company shipping to Amazon deliveries. Beyond retail, cardboard packaging is essential to the operations of several sectors, including medicines and agriculture. The material is essential in today's market because of its adaptability, affordability, and environmental friendliness. Customers prefer its recyclability, while manufacturers value its adjustable qualities.
With creative designs that satisfy strict safety regulations while using less plastic, the food and beverage industry has especially welcomed cardboard packaging. The need for cardboard solutions is growing as more companies across the world pledge to be more environmentally conscious, making it an essential part of the global supply chain.
