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New research from Smithers Pira charts worldwide flexible packaging growth

Over the last 10 years, flexible packaging has taken off, doubling in size to $228 billion in 2019, and is forecast to continue growing by an annual rate of 3.3%, reaching $269 billion in 2024.

Future of Flexible Packaging
Future of Flexible Packaging

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A new report from Smithers Pira, The Future of Flexible Packaging to 2024, outlines how global urbanization, sustainability and e-commerce have increased the demand for flexible packaging.

Urbanization

As the global population moves into urban areas for living and working, the resulting active lifestyle has led to consumers to demand more convenient food in flexible packaging that is light weight and accommodates single servings. Flexible packaging is replacing more traditional packaging such as glass jars and metal cans more and more each year as its benefits are acknowledged. These benefits include extended shelf life, improved cost economics, lower pack weights and lower transport costs.

Sustainability

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