Global Packaging Market To Grow 5.5% To $1.012 Trillion In 2021 Amid COVID-19 Pandemic
May 12, 2020The global packaging market size during the COVID-19
pandemic is projected to grow from $909.2 billion lat year to $1.012
trillion by 2021, at a CAGR of 5.5% as the most likely outcome during the
forecast period, with the best-case scenario reflecting 9.2% growth and the
worst-case scenario at 2.2% growth, says a new report by Research &
Markets.
Major drivers for the packaging
industry include the increased demand for fast-moving consumer goods
(FMCG) and pharmaceutical packaging, and rising e-commerce sales due to
lockdowns.
