Recyclable Packaging Market: Global Industry Analysis
The global packaging market has its influence directly or indirectly over various sectors such as healthcare, retail, food & beverage, personal care, etc. The packaging market is expected to grow at a CAGR of 3% over the forecast period which is influencing the demand in the recyclable packaging market. The rise in the retail sector and rapid installation of modern retail stores in the APEJ region is fuelling the demand for the recyclable packaging market. The retail sector is expected to grow at a CAGR of 4% over the forecast period. Market trends such as changing consumer lifestyle, procuring of goods in smaller quantity and increased consumer preference for eco-friendly stamped products is also supporting the demand for recyclable packaging market.