International

Packaging market will continue to grow

Packaging

The strongest growth will be seen in rigid plastic category says a new study from Ipack Ima Business Monitor in cooperation with Mecs.

Posted on Dec 03 ,11:15

Packaging market will continue to grow

Observing the packaging materials types in use around the world offers interesting insights into the present and the future of a highly differentiated sector. For all categories of packaging materials, it’s forecasted a growth in the 2020-2024 period due to new consumers’ behaviours that are leading people to choose products with packaging that enhance food safety, says the latest report from Ipack Ima Business Monitor in cooperation with Mecs.

Starting from the strong growth of the rigid plastic category expected with a CAGR of + 2.4%, which means 1,024,634 pieces produced in 2019, so to reach 1,153,217 in 2024. Flexible packaging is also growing, which includes plastics and flexible films, aluminium, paper and polylaminate materials. In 2019 this segment produced 1,551,840 billion packages worldwide and has a growth forecast CAGR of 2.2% to reach 1,746,144 in 2024.
Liquid Carton packaging follows, with data comparable to flexible materials, whose CAGR is +2.2 for a jump from 224,109 pieces in 2019 to 245,036 in 2024.
Finally, at a distance, metals + 0.8%, glass at + 0.4% and paper-based materials packagings at + 1.0% with quantities forecast for 2024 respectively equal to 416,445 for metals, 306,873 for glass and 269,100 million pieces for paper and cardboard.

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

Europe

The avian flu situation in France is getting worse

With a total of 197 outbreaks of avian influenza H5N8 counted at the end of last week, France has...


Read more Read more
Dominican Republic

Poultry prices are spiking in the Dominican Republic

Increased demand for corn and soybeans from China has led to a spike in prices for meat products ...


Read more Read more
UK

Delays at borders hit British meat exporters

British meat exports to the EU market are facing delays due to the new post-Brexit customs system...


Read more Read more
Websolutions by Angular Software and SpiderClass