Paper and Paperboard Container and Packaging Market – Post Pandemic Recovery Plan – Strategies and Processes | Rising Demand from E-commerce Industry to Boost Market Growth | Technavio
The paper and paperboard container and packaging market is expected to grow by USD 102.51 billion during 2020-2024. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. We expect the impact to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth.
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Technavio has announced its latest market research report titled Global Paper and Paperboard Container and Packaging Market 2020-2024 (Graphic: Business Wire)
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The e-commerce industry is growing rapidly across the world due to the increasing penetration of smartphones and the internet. This has increased the sales of products such as food and beverage, electronics, personal care products, and healthcare products through online retail platforms. Paper and paperboard containers are widely used by online retailers for the packaging of these products. Besides, the rapid expansion of the middle-class population has led to a rise in the number of online customers worldwide, which has increased the demand for effective packaging solutions. This is encouraging market vendors to offer paper and paperboard …