Global Cartonboard Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)
Bharat Book Bureau Provides the Trending Market Research Report on “Global Cartonboard Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026) �under Packaging Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports. The global cartonboard market is expected to grow at a CAGR of 2.89% during the forecast period. The growing demand for premium and high-performance packaging products due to increasing population and disposable incomes is supporting the market. Over the forecast period, a strong level of new product developments in under-developed markets, such as preserved foods, fruit juice, thermoforming, and other functional beverages, is expected to drive the market. - The cartonboard gained rapid attention due to the rising demand for cost-effective and weightless packaging and growth of the e-commerce industry in the United States and Canada. Most of the vendors use cartonboard containers that can withstand the rigors of transport to protect them from damage in transit. For instance, Amazon Prime Day in July 2019 was the largest shopping event in Amazon history, with more than 175 million items ordered. Two days of Prime Day sales surpassed the previous Black Friday and Cyber Monday sales combined. So, it is expected that growing adoption of online shopping will enhance the supply chains by utilizing an effective packaging solution. - Moreover, rising public scrutiny and discussion about plastics in the ocean and packaging’s environmental impact has forced the manufacturers to adopt environment-friendly packaging solutions. It gave brands an opportunity to align their packaging with consumer values as