Plastic packaging market will reach $196.42 billion in 2012
The Plastic Packaging Market 2012-2022 is Visiongain’s new materials report. The global plastic packaging market is a steadily growing market which is expected to follow a modest growth rate in mature markets and a progressive above-average growth rate in emerging markets. Visiongain calculates that the plastic packaging market will reach $196.42 billion in 2012.
Although the consumption of flexible plastic packaging is growing at a rapid pace, rigid plastic packaging holds the majority of the market.
A key trend that has been beneficial to growth has been a shift by the consumer to consumption at home. As such, plastic packaging applications are increasing in the food and beverage sectors.
The plastic packaging market stands immune to the recent economic downturn as technological advancements related to lightweight, convenient and sustainable packaging will retain its demand in the industry.