Asian markets driving growth in global packaging

25 January 2016

According to a report by Smithers Pira, the market for global packaging amounted to $812 billion in 2014, with an annual growth rate of 4.2% over the period 2010–14. The industry is forecast to grow at an annual rate of 3.5% over the period 2015–20, and is expected to reach $998 billion at today’s prices. This forecast growth is expected to be driven by Asia and stronger growth in regions that have struggled in recent years.
Flexible plastic packaging was the fastest growing market globally in 2014, followed by rigid plastic packaging and board packaging. Flexible plastic packaging is predicted to continue as the fastest growing packaging category (News Item Smithers Pira, 20 January 2016).
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Click here for more information about the report.
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