Consumers’ quest for convenience to drive flexible packaging growth
Shifts in consumer lifestyles and the consequent demand for convenience products, are contributing to a growing use of flexible packaging, replacing traditional formats, such as glass jars and metal cans.
Smithers Pira’s (smitherspira.com) latest report, “The Future of Flexible Packaging to 2022” forecasts this market will grow during 2017-2022 at annual rate of 4.1% to 33.5 million tonnes. Global consumer flexible packaging consumption amounts to 27.4 million tonnes in 2017 and total flexible packaging sales (consumer and industrial) are valued at $229 billion in 2017 and are forecast to grow to $282.6 billion by 2022.