Look Like This Post !
Sign in to make your opinion count.
The global containerboard market size is projected to reach USD 142.03 billion by 2027 owing to the rising demand for sustainable packaging worldwide. Containerboards are paperboards used generally for packaging material due to their properties such as lightweight and paperweight, or high grammage. A recently published report by Fortune Business Insights™ titled, “Containerboard Market Size, Share & Industry Analysis, By Material (Virgin, and Recycled), By End-User (Food & Beverage, Personal Care & Cosmetics, Industrial, and Others), and Regional Forecast, 2020-2027,” offers a qualitative and quantitative analysis of the market. As per this report, the value of the market stood at USD 120.60 billion in 2019 and will exhibit a CAGR of 2.1% between 2020 to 2027.
Global COVID-19 Impact on Containerboard Industry:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this, too, shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling, and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
What are the Highlights of the Report?
The report offers an extensive overview of the market and highlights the growth drivers, restraints, upcoming opportunities, and possible challenges of the market. It also discusses the table of segmentation based on factors such as material, end-user, and geography with the names of the leading segment and its attributed factors. It also lists the names of players operating in the market and the key strategies adopted by them. Furthermore, the report discusses significant industry developments, current trends prevalent in the market, and other interesting insights that will help investors to make financial and beneficial decisions in the market.
Increasing Demand from Pharmaceutical Industries to Boost Growth
With rapid industrialization, there is an increasing need for sustainable packaging from various sectors such as cosmetics, food and beverage, pharmaceutical, personal care, and others. This stands as a major factor in boosting the containerboard market growth. Besides this, the booming food and beverage sector with increasing popularity for ready-to-eat frozen food and convenient food would increase its productivity, thereby demanding more containerboards for package and shipment purposes. This will bode well for the market in the coming years.
Gain More Insights into the Containerboard Market Research Report with Detailed TOC:
User online : 97
You must be logged in to post a comment.Login Here