What’s next for the North American packaging market?
North American packaging expected to grow 1.4% annually
North America is the world's largest consumer of packaging, and is characterized by such packaging giants as International Paper, Tetrapak, Reynolds Group, Ball Corporation and Owens-Illinois. Since a brief dip in 2009, the North American packaging market has recently been growing steadily.
Although market sentiment is still cautious in the region, the North American packaging industry is expected to grow by, on average, 1.4% annually above inflation levels to reach $186.0 billion by 2017. Smithers Pira examines the key areas of this growth, and the main challenges to the market in the next four years.