Smaller package presentations are growing across several industries due to reduced disposable incomes. Sustainability is less a driver with convenience and affordability driving consumer behavior.
PET Bottles will experience the strongest growth and offer a wider variety of sizes including “family-sized” and refillable options.
Through 2020 Latin America will experience a compound annual growth rate of 1.8%. Only the U.S. is expected to grow at a slower rate.
Euromonitor International, who produced the study for PMMI Business Intelligence, complies data points and qualitative analysis for 80 countries. Markets include Beauty and Personal Care, Beverages, Dog and Cat Food, Home Care and Packaged Food. Both primary and secondary retail packages are studied, including internet sales.
Source: PMMI Business Intelligence, Global Packaging Trends Report 2017, produced by Euromonitor and sponsored by leading packaging associations PMMI, Australian Packaging and Processing Machinery Association, Italian Manufacturers of Automatic Packing and Packaging Machinery, and the Processing & Packaging Machinery Trade Association.
Download the entire 95-page study here: www.pmmi.org/research/
