Paul Boyce and Jack Palmer, Smithers Pira07.26.16
Booming global demand will drive expansion in the world packaging market through 2020, according to analysis from Smithers Pira.
In our report, The Future of Global Packaging to 2020, Smithers Pira data charts how a market value forecast at $839 billion in 2015 will undergo year-on-year growth at 3.5%, reaching $998 million in 2020.
Expansion will not be uniform, however. Emerging countries will expand beyond the market average, creating new opportunities for material suppliers and converters. Simultaneously, more established regions are undergoing significant business and demographic changes that will transform value chains in the packaging segment.
In generating its data on global packaging growth Smithers Pira identified and analyzed the differing impacts such trends will have on key packaging segments.
Rigid Plastics Will Increase Market Share
Rigid plastic will experience the highest annual growth across the study period – 4.4% ye
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