The global fiber-based packaging market was valued at USD 380.98 billion in 2023 and is anticipated to grow at a CAGR of 3.5% from 2024 to 2033. A flexible and eco-friendly material known as fiber-based packaging, also called cardboard or paperboard packaging, is utilized for various product packing needs. This package comprises either wood pulp or recycled paper fibers, rendering it incredibly sustainable.
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