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Rapid urbanization driving needs for utility distribution networks
Rapid urbanization can drive the global corrugated pipe market growth. There is large scale migration of people from rural to urban centres in search of better livelihood opportunities and superior quality of life. As per estimates, about 68% of the world population is expected to live in urban concentrations by 2050 as compared to 56% in 2018. This puts tremendous pressure on cities to expand their infrastructure and build new townships to accommodate burgeoning populations.
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