Total units of packaging sold in 2015 exceeded 163 billion, and compound annual growth rate is a robust 5.3 percent through 2020.
Thin wall plastic containers expected to see 7.8% CAGR, due to consumer consumption growing in bakery, yoghurt and cheese.
PET bottles expected to add 10.5 billion units sold by 2020, due to strong demand in soft drinks.
Glass bottles are facing increasing competition from both PET and Metal Beverage Cans.
Euromonitor International, who produced the study for PMMI Business Intelligence, compiles 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/
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