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

2024 PACK EXPO Innovations Reports
Exclusive access: Packaging World editor-curated reports revealing PACK EXPO's most groundbreaking technologies across food, healthcare, and machinery sectors. Each report features truly innovative solutions selected from hundreds of exhibitors by our expert team. Transform your operations with just one click.
Access Now
2024 PACK EXPO Innovations Reports
Researched List: Engineering Services Firms
Looking for engineering services? Our curated list features 100+ companies specializing in civil, process, structural, and electrical engineering. Many also offer construction, design, and architecture services. Download to access company names, markets served, key services, contact information, and more!
Download Now
Researched List: Engineering Services Firms