The APAC paper and paperboard container and packaging market is experiencing significant growth, driven by the increasing demand for sustainable and eco-friendly packaging solutions. However, challenges related to durability and environmental impact are also present. This article delves into the market trends, challenges, and opportunities, highlighting the role of AI in shaping the industry’s future.
The global lighting market is expected to grow significantly in the coming years, driven by factors such as increasing demand for energy-efficient solutions, advancements in LED technology, and the adoption of smart lighting systems. The market is expected to witness a CAGR of 6.89% during the forecast period from 2024 to 2028. The APAC region is anticipated to hold the largest share of the market, with a projected incremental growth of 45%. Key players in the market include Acuity Brands Inc., Philips, General Electric Co., and Panasonic Holdings Corp. The market is further segmented by applications, including interior designing, photography, automotive, and medical devices, each contributing to the overall growth.
