Global packaging market to reach $1 trillion milestone in 2020

18 February 2016

In a new report, Smithers Pira data charts how a market value for global packaging forecast at $839 billion (€768billion) in 2015, will undergo healthy year-on-year growth at 3.5%, reaching $998 million in 2020. Emerging countries will expand beyond the market average. Simultaneously more established regions are undergoing significant business and demographic changes that will transform value chains.
Rigid plastic will experience the highest annual growth across the study period – 4.4% year-on-year. This can primarily be attributed to the popularity of plastics like PET as substitutes for heavier metal cans and glass bottles formats (News Item Smithers Pira, 3 February 2016).
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