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Posted by Snehal Shaha on June 5, 2024 at 5:50am 0 Comments 0 Likes
The major factors driving the growth of Breast Biopsy Devices Market include the growing prevalent cases of breast cancer, the increasing number of breast cancer screening programs, the growing demand for minimally invasive and non-invasive procedures, and the improved reimbursement scenario.
What the Market Looks Like?
Breast Biopsy Devices Market is projected to reach USD 2.6 billion by 2028 from USD 1.6 billion in 2023, at a CAGR of 10.0% from 2023 to 2028.
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ContinueThe global Corrugated Board Market size is expected to reach USD 227.8 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.8% from 2023 to 2030. The growing trend of green packaging and global online sales expansion have created a profound impact on the market for corrugated board.
The expansion of e-commerce is the most important retail trend that has fueled the growth of the market in the past few years. The e-commerce segment particularly picked up pace following the outbreak of the COVID-19 pandemic in 2020 as strict lockdowns were imposed across nations with limited access to essentials. The aforementioned factor, along with the hesitation of consumers to go outside for shopping as a precautionary measure, is expected to further boost the sales of the e-commerce market. Additionally, 74% of global consumers and retail brand professionals have estimated the spike in sales to be permanent over the upcoming years.
Corrugated board packaging has always been one of the most predominant packaging products used in e-commerce logistics. The packaging is used to transport all kinds of products from manufacturer to distribution center to wholesaler and retailer. The companies that have been primarily reliant on plastic packaging in e-commerce are now adopting corrugated board packaging to comply with regulations across countries.
However, corrugated board tends to get substituted by other sustainable alternatives such as rigid bioplastics as these offer superior properties such as aesthetic appeal and moisture barrier as compared to corrugated boards. Bioplastics are derived from renewable sources such as cellulose, starch, vegetable fats, and vegetable oils. Bioplastics may or may not be biodegradable and can be bio-based or fossil-based. Therefore, availability of alternatives and lower durability of corrugated board would limit its consumption.
Related Press Release@ Corrugated Board Market Report
Corrugated Board Market Report Highlights
Report Attribute |
Details |
Market size value in 2023 |
USD 152.2 billion |
Revenue forecast in 2030 |
USD 227.8 billion |
Growth Rate |
CAGR of 6.8% from 2023 to 2030 |
Base year for estimation |
2022 |
Historical data |
2017 - 2021 |
Forecast period |
2023 - 2030 |
Corrugated Board Market Segmentation
Grand View Research has segmented the global corrugated board market on the basis of flute type, board style, and region:
Corrugated Board Flute Type (Volume, Million Tons; Revenue, USD Million, 2017 - 2030)
Corrugated Board Style Outlook ( Volume, Million Tons; Revenue, USD Million, 2017 - 2030)
Corrugated Board Regional Outlook (Volume, Million Tons; Revenue, USD Million, 2017 - 2030)
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