Paperboard Packaging Market to Witness Impressive CAGR of 7.1% From 2016 to 2024
The global paperboard packaging market depicts the presence of a highly competitive and fragmented vendor landscape, says Transparency Market Research, on the basis of a newly published report. Such a fragmented scenario mainly exists owing to the presence of a large number of players coupled with the expansion of product portfolios that are projected to enhance the competitive scenario of the global paperboard packaging market. With an increase in the number of companies expected to occur in the near future, the competition in this market is projected to increase dramatically. Most international players are expected to face stiff competition on account of a number of small and medium-sized companies present in the industry, making it a highly unorganized one. Most players are focusing on developing high-performance, lightweight packaging boxes and cartons as they are eco-friendly, robust, and also help in reducing the overall cost. Smurfit Kappa Group, METSÄ GROUP, Sven...