Secondary Paper & Paperboard Luxury Packaging Market Is Expected To Reach Usd 6,581.2 Million
March 14, 2023 ⚊ 1 Min read ⚊ Views 66 ⚊ BUSINESS
The global market for secondary paper & paperboard luxury packaging is expected to grow at a steady rate during the forecast period. This growth can be attributed to the increasing usage of sustainable and bio-degradable packaging, rapid technological advancements, and the ability to create unique designs, shapes, finishes, and effects, and increasing dependence on e-commerce platforms. However, rising concerns over carbon emissions during manufacturing and changing consumer demands are expected to restrain the growth of the global market during the study period. Nevertheless, the rise in individual spending capacity is expected to create growth opportunities of secondary paper & paperboard luxury packaging market for players during the forecast period.
