With the constant rise in population, the global retail e-commerce packaging market would grow at a massive 12.1% CAGR between 2020 and 2030. At this rate, the industry size is expected to increase from $19,022.7 million in 2019 to over $68,388.1 million by 2030. The United Nations (UN), in the 2019 edition of its World Population Prospects report, says that from 7.7 billion in 2019, the number of people on this planet will rise to 10.9 billion by 2010
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