Paper-based packaging has the highest rate of recycling of any type of packaging, owing to well-developed recycling streams and processes. Paper waste can be recycled seven times before the fibers become too weak to be used again. Paper packaging offers users convenient storage that is appealing and easy to handle, as well as extremely environmentally friendly, which are key factors driving growth of this segment.

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The paper and pulp market is the world's largest forest-based industry. The industry manufactures paper products mostly from wood and other resources such as bamboo, rice husk, wheat, straw, and others. Wrapping paper, paper packing material, writing paper, printing paper, and other products are among the most popular products. Furthermore, as internet shopping has become popular among consumers due to its ease and speed of delivery, pulp and paper packaging demand has witnessed a rapid increase. However, with digitization and fluctuating raw material supply, global paper & pulp market faces revenue growth concerns.

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Fast food restaurants are implementing environmentally friendly steps to reduce packaging waste and pollution caused by plastic-based packaging. Potential countries where fast-food consumption is increasing at a quicker rate and is likely to generate significant growth potential for global and local businesses.

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The global vials primary packaging market is projected to register a significantly high growth rate during the forecast period. The global market growth can be attributed to the expanding pharmaceutical industry, rising demand for drug safety and durable packaging of drugs, growing awareness about health, and emergence of new diseases. Various companies are using high-performance glass and eco-friendly plastics for drug packaging. This in turn is propelling market growth.

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The global flexible paper packaging market's revenue growth is being driven primarily by rising concerns about reducing manufacturing time and energy consumption, as flexible packaging uses less base material than rigid packaging and flexible materials' easy formability. The materials used in flexible packaging are usually designed to be reused and recyclable.

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