Views: 1 Author: Site Editor Publish Time: 2022-06-16 Origin: Site
The future for all things corrugated is looking bright.
Valued at $155 billion in 2017, the global market is expected to double by 2025, expanding at a CAGR of 4.6% from 2017 to 2025.
This massive growth will most likely be attributed to an increase in disposable income and savvy consumers who will expect a certain level of quality from box packaging.
Coupled with the demand for sustainable efforts, increased applications for corrugated materials, and lowered prices, it will add up to a big win for corrugated box packaging.
Corrugated material is strong, cost-effective, and recyclable, but it’s not perfect.
At the moment, we are seeing the use of Reusable Plastic Containers (RPCs) for the transport of perishable goods.
Looking to capitalize on this opportunity, companies like Aeroclay, Biome3D and UFP Technologies are developing innovative and biodegradable materials to enhance and make corrugated packaging more adaptable to our future of sustainability.