State of Packaging: Global growth ahead for flexible packaging
Global demand for flexible packaging is projected to reach $210 billion in 2015, and forecast to grow at an annual average rate of 3 percent, reaching $248 billion in 2020, according to a new market report by Smithers Pira.
Flexible packaging has been one of the fastest growing packaging sectors over the past 10 years, thanks to increased consumer focus on convenience and sustainability, and this rapid development will continue to accelerate, the report has found.