Plastic based rigid packaging would lead the market owing to
the low cost of material
Plastic rigid packing segment led the overall market by holding nearly 40%
of the total market share. The very segment is also expected to dominate
the market throughout the forecast period owing to low costs, low weight,
and least breakage tendency. However, paper and paperboard packaging
market are supposed to grow with the highest CAGR of 6.2% during the
forecast period. As a result of various issues related with plastic packaging
material including bio degradability and recyclability, costumers have
chosen an eco-friendly option of paper based packaging, hence improving
the growth of the market.
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