Discover your next big idea at PACK EXPO Las Vegas
Experience a breakthrough in packaging & processing and transform your business with solutions from 2,300 suppliers spanning all industries. Click to learn more.

Global packaging market to grow 4.2% annually

Pira Intl.’s new study, The Future of Global Packaging, says the global packaging market value was $459 billion last year. By 2009, it is predicted to grow to $556 billion.

Pw 11116 Global Pkg Chart

The study contains quantitative market sizes and five-year market forecasts for each key packaging material, end-user sector, region, and country. In-depth profiles of major packaging markets, analysis of packaging materials, key market drivers, and company activity are included in the report’s 500-plus pages and more than 800 tables and figures of primary research. Among the report’s highlights are the following:

• Food packaging is the largest end-use market, with anticipated annual growth of 4.6% leading to 2009 sales of $227 billion.

• Healthcare packaging represents the fastest-growing end-use market sector, with an average annual growth rate of 7.1% to 2009.

• The Asian market will experience significant growth, particularly in China where packaging consumption is expected to rise at an average annual rate of 8.2% to $51 billion by 2009.

• The fastest-growing market in Asia will be India, with 14.2% annual growth forecasted, reaching $13 billion by 2009.

• In central and eastern Europe, Poland is projected to grow the fastest, with packaging consumption rising 11% annually to $6 billion by 2009. Russia will remain the largest market in this region, reaching $18.5 billion four years from now.

• Paper and board are the most widely used packaging material globally, with sales of $176 billion last year. This market is predicted to grow 4.2% annually to $216 billion by 2009.

For more information about the $6깪 report, contact Neil Johnston at 011/44.1372.802.262, or e-mail him at [email protected]. —Jim Butschli

Annual Outlook Report: Automation & Robotics
What's in store for CPGs in 2025 and beyond? Packaging World editors explore the survey responses from 118 brand owners, CPG, and FMCG Packaging World readers for its new Annual Outlook Report.
Download
Annual Outlook Report: Automation & Robotics
Annual Outlook Report: Sustainability
The road ahead for CPGs in 2025 and beyond—Packaging World editors review key findings from a survey of 88 brand owners, CPG, and FMCG readers.
Download Now
Annual Outlook Report: Sustainability