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The packaging industry is growing. The value of the global packaging services market is forecast to grow from $33.7 billion in 2017 to $50 billion in 2022, according to research from Smithers Pira.
The majority of public packaging companies turned in respectable 2014 financial reports, in a year that was punctuated by two large merger announcements in the fourth quarter that will remake future industry share rankings.
Japan’s packaging industry is being forced to dramatically change formats, portion sizes and deploy new technologies in order to secure a place on the retail shelves of the world’s second largest consumer market.