Growing awareness levels among consumers regarding environmental issues and growing preferences towards light weight packaging solutions are expected to drive product demand over the coming years. Use of lighter weight packaging solutions offer advantages such as portable packaging and limit waste generation. Additionally, stringent government norms and regulation and shifting trend towards smaller pack packaging purchase is projected to further drive product demand across the globe. Asia Pacific excluding Japan currently holds major market share, owing to the strong economical developments and growing concerns regarding environmental hazards.
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