Published Date : Dec 21, 2015
The pressure to raise the appeal of products has drawn the focus of producers towards innovative packaging, driving the growth of the global plastic packaging market. The rapid development in various end-use industries such as food and beverages, consumer electronics, pharmaceuticals, and many more is propelling the worldwide plastic packaging market to a great extent.
In 2013, the global market for plastic packaging had reached around US$260 bn. Stimulated by the increasing interest of consumers towards innovative packaging of products, it is likely to attain a value of approximately US$370 bn by the end of 2020.
Here are the five top trends, which will shape the worldwide plastic packaging market in the forthcoming years.
Mondi plc, Wipak Group, Sonoco Products Co., Bemis Co. Inc., Sealed Air Corp., Huhtamaki Oyj, Ampac Holdings LLC, Amcor Ltd., Ukrplastic Corp., and Constantia Flexibles Int. GmbH are the major players participating in the global packaging market.