Consumer convenience to drive flexible packaging demand

According to a new report by Smithers Pira, the flexible packaging market will grow during 2017-2022 at annual rate of 4.1% to 33.5 million tonnes. Global consumer consumption amounts to 27.4 million tonnes in 2017 and total flexible packaging sales (consumer and industrial) are valued at $229 billion in 2017 and are forecast to grow to $282.6 billion by 2022.
Shifts in consumer lifestyles and the consequent demand for convenience products, are contributing to a growing use of flexible packaging, replacing traditional formats, such as glass jars and metal cans. Another trend is the growing use of packaging based on biodegradable polymers (News Item Smithers Pira, 14 March 2017).
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