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Packaging Growth in Asia – Essential Facts

Overall value of packaging in Asia will hit $377.5 billion in 2019. It will be the fastest growing major world region to 2024 reaching $458.2 billion in that year, according to a new study from Smithers

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Smithers offers the following exclusive insights ahead of publication of the report, The Future of Packaging in Asia to 2024 in November 2019:

·      Overall value of packaging in Asia will hit $377.5 billion in 2019. It will be the fastest growing major world region to 2024 reaching $458.2 billion in that year

·       Evolving consumer tastes will significantly raise demand for cosmetics and healthcare packaging

·       Industrial and transit packaging are the biggest end-use applications representing 48% of demand in 2019

·       Paperboard packaging is consistently the most widely used material in Asia with a 36.7% share (by value)

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