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Box and Carton’ turning Profitable - A report
‘Box and Carton’ turning Profitable:
The ecommerce giants in India pushing more demands to packaging box makers and its look sustainable in nature. Online shopping is creating a place in consumers’ habit to buy from website in order to save time. Industry estimates suggest Amazon and Flipkart — top two players in the $17-billion ecommerce sector — consume 1,200-1,400 tonnes of paper that goes into making boxes and printing bills.
There’s plenty of headroom for paper growth, as ecommerce is less than 4% of the $500-billion retail and more shoppers are coming online. New, ecofriendly packing of online orders may not be far way. As consumption increases (like in the US or Europe), people end up discarding their own weight in packaging every 30-40 days, notes to a Stanford University study. That’s a great outlook for paper box makers — at least till the environmentalists come knocking.