India Corrugated Packaging Market Future Outlook to 2027

Saurabh09 Nov, 2022Business

India's Corrugated Box Market on the basis of revenue grew at a double-digit CAGR during 2016-2021. After the virus outbreak, an increase in hybrid mode usage resulted in an increase in the number of businesses entering the e-commerce market. The packing options that are typically utilized for moving products include corrugated boxes. They are made out of multi-layered paperboard sheets made from wood-derived cellulose fibers. The demand for packaging has significantly expanded in India as a result of the ongoing growth of consumer markets, particularly in the processed food, personal care, and pharmaceutical end-user industries. Packaging is one of the sectors in India that is growing the fastest. Over the past few years, the industry has been a key driver of innovation and technology, benefiting numerous manufacturing sectors, including agriculture and the fast-moving consumer goods (FMCG) sectors.