Global market for industrial packaging

30 March 2015

The global market for industrial packaging was estimated at $48.6 billion in 2013 and is forecast to reach $61 billion by 2020, at a growth rate of 3.4% per annum, according to a report by Smithers Pira. The report examines the global market for industrial packaging and the key industry trends that will shape the market over the next 5 years.
Fluctuations in overall economic activity provide a good indicator of movements in industrial packaging demand. The global economic downturn and patchy recovery have had an impact upon demand for drums, IBCs, sacks and other materials. The sector is also dependent upon the fortunes of the key user industries (News Item Smithers Pira, 19 March 2015).
Click here for the news item.
Click here for more information about the report.

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