Corrugated packaging industry in deep trouble as raw material prices shoot up

Corrugated packaging industry has landed in deep trouble as prices of its principal raw material - kraft paper have started shooting up over the past few days. There has been a sharp price increase of Rs 5000 per tonne of kraft paper within a span of 10 days. The mills say that this is not the end and expect further increase in the coming days, said Federation of Corrugated Box Manufacturers of India (FCBM) in a release issued on Monday.