Four trends shaping industrial packaging market's future
Smithers Pira offers the four key trends that will be drivers for the industrial packaging market through to 2020.
The global market for industrial packaging, estimated at $48.6 billion in 2013, is forecast to reach $61 billion by 2020 – an annual growth of 3.4% – according to a recent market study by Smithers Pira (smitherspira.com). Data in the study The Future of Industrial Packaging to 2020 shows the largest share of this market (31%) has now shifted to Asia, placing it ahead of Western Europe and North America.