The global market for industrial packaging was estimated at US$48.6bn in 2013 and is forecast to reach US$61bn by 2020, at a growth rate of 3.4% per annum, according to a new study by the British market research company Smithers Pira. The study describes Asia as having accounted for the largest share of the industrial packaging market at 31% in 2013 and that it will continue to see the highest growth: the region will increase its share of total demand to 34% by 2020, according to the report’s findings. In contrast, West Europe is expected to see its share fall to 28% by 2020 as overall growth falters, with some key markets in decline.
Global industrial packaging market to reach US$61bn
- Ad -
- Ad -
© 2015 EUWID Europäischer Wirtschaftsdienst GmbH | All Rights Reserved.
Copyright notice The regular and systematic circulation of price tables from the EUWID Premium section is not permitted. Only one copy is permitted to be printed out for the purpose of circulation within the company. Distribution of EUWID price tables by intranet or by E-Mail within a company, throughout a group of companies, to customers, or to independent sales representatives is not permitted and constitutes an infringement of copyright law.