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NEW YORK, July 26, 2023 /PRNewswire/ — The printed carton market is expected to grow by USD 23.99 billion from 2022 to 2027, progressing at a CAGR of 2.43% as per the latest Technavio market research report. APAC is going to have lucrative growth during the forecast period. About 30% of the market’s overall growth is expected to originate from APAC. China is one of the region’s top consumers of printed cartons. The rising population in many APAC nations is leading to increased consumption of goods like food, personal care products, and other consumer goods. As a result, it has opened a ton of investment opportunities in the packaging sector. Hence, these factors are expected to drive market growth in the region during the forecast period. For more insights on the market share of various regions- Download a sample report in MINUTES
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Printed Carton Market: Market Dynamics
Key Drivers
The growing concerns about carbon emissions leading to food waste management are key factors driving market growth. The chain of retail stores managed by a franchise, is known as organized retail. Packaged products are one of the key components of organized retail. Amazon.com, Alibaba Group, Walmart, and Otto are some of the major e-retail companies. Furthermore., many of these companies have started their expansion in developing countries to attract more customer base. Hence, these factors are expected to drive market growth during the forecast period.
Major Trends
The rising number of startups is a major trend in the market. Many packaging companies are focusing on engineering products that provide a low carbon footprint, greater energy efficiency, and better…
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