The Future of Flexible Packaging to 2024
June 19, 2019New research from Smithers Pira charts how total sales for flexible packaging worldwide will reach $228 billion in 2019 and grow at an annual average rate of 3.3% reaching $269 billion in 2024.
The main findings:
- Total volume consumption will rise at a greater rate of 4.0% year-on-year from 29.9 million tonnes to 36.4 million tonnes across the same period.
- Flexible formats will continue to innovate across the forecast period and will successively penetrate new end-use applications as brand manufacturers embrace these products. The industry is also having to respond to increased demand for sustainability in packaging with improved material selection and green design principles.
- This study examines these market drivers to analyse this fast-developing packaging segment in depth.
