The global consumer goods contract packaging market is expected to grow at a CAGR of close to 8% during the period 2018-2022. That’s according to a new market research study by Technavio, which attributes this increase to the rapid growth of the global consumer goods manufacturing market in both developed and developing countries.
In 2016, China and the U.S. were the leading countries in the global Consumer Packaged Goods market, followed by the U.K., Japan, and Canada. Notes the report, the increasing adoption of sustainable technologies and rising foreign direct investment (FDI) are the key reasons for the rapid growth of the global consumer goods manufacturing industries.
