The Japan Corrugated Board Market size is estimated to be USD 5.02 billion by 2022, according to a new report by Million Insights. Increasing food & beverage industry is predicted to augment the market growth over the forecast period.
The corrugated board was used for fragile glassware materials. Increasing demand for packaging materials in order to ensure the freshness of the products while transportation is projected to increase the adoption of corrugated board.
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Further, the rapidly increasing e-commerce industry in Japan is estimated to fuel market growth. Corrugated materials that are light in weight can be handled easily, thus, becoming ideal for the e-commerce industry. In addition, stringent regulation regarding the use of environment-friendly materials is predicted to aid market growth.
Japan is witnessing significant growth in industrialization that require robust packaging solution to transport goods from one place to others. Recent developments in small flute and growing demand for quality graphics are anticipated to bode well for the market growth.
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