LUTON, Bedfordshire, UK, March 18, 2023 (GLOBE NEWSWIRE) — Exactitude Consultancy, the market research and consultancy arm of Ameliorate Digital Consultancy Private Limited, has completed and published the final copy of the in-depth paperboard market research report

The globe carton market The format is expected to grow more than 5.2% CAGR from 2023 to 2029. It is expected to reach over US$128.8 billion by 2029, up from US$85.54 billion in 2022. A carton is a type of packaging typically made of food-grade paperboard, pharmaceuticals, hardware and many other types of products. Folding boxes are usually combined into a tube by the manufacturer and delivered flat (disassembled) to the packer.

Industry development:

• February 2021 – Capital Bra, a German rap star, has launched its BraTee brand of iced tea in collaboration with UniBev GmbH. The various iced teas were packed in Pure-Pak cartons. The rap star ordered over 6 million boxes ahead of the product launch.
• April 2021 – SIG announced the construction of a new plant in Queretaro, Mexico. The company announced an investment of approximately $45 million in the new facility over the period 2021-2023. The new plant will have a technologically advanced production capacity that includes printing, cutting and finishing of the carton packs.

Get a sample copy of the report:

https://exactitudeconsultancy.com/reports/2774/carton-market/#request-a-sample

Cardboard market overview

Carton market refers to the industry that manufactures and sells various types of carton packaging materials. Cardboard boxes are made from paperboard or paperboard and are used to package a wide range of consumer products, including food and beverages, pharmaceuticals, personal care products, and household items.

The cartonboard market is a fast growing industry driven by factors such as the increasing demand for eco-friendly packaging solutions, the growth of e-commerce and the increasing demand for packaging convenience and portability. Additionally…