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Transfer From Website: www.smitherspira.com Edit: Alina May 16,2018
The Future of Global Packaging to 2018 provides a detailed five year forecast of the global packaging market. Based on expert research and analysis, this report contains more than 500 tables and figures revealing essential industry trends and information.
According to this report, sales of packaging are concentrated in Asia, which accounted for 36% of the total in value terms in 2012. North America and Western Europe totalled shares of 23% and 22% respectively. In 2012, Eastern Europe was the fourth largest consumer of packaging with a global share of 6%, closely followed by South and Central America with 5%. The Middle East represents 3% of the global demand for packaging, while Africa and Australasia each have a 2% share.
According to the study, this segmentation of the market is expected to change significantly by 2018; Asia is predicted to represent over 40% of global demand, while North America and Western Europe lose out noticeably.
The report explores the numerous reasons for this expected growth in the world packaging market, including technical developments, cost per package, sustainability initiatives and, perhaps most importantly, the growth of the consumer class in the Asia-Pacific, South and Central America, and Eastern Europe.
The growth of the global packaging industry is being driven by a number of trends, depending on various geographical regions. Growing urbanisation, investment in housing and construction, the development of retail chains and the burgeoning healthcare and cosmetics sectors are driving packaging demand in China, India, Brazil, Russia and other emerging economies. An increase in living standards and personal disposable income in the developing regions fuels consumption across a broad range of products, with subsequent growth in demand for the packaging of these goods.
In terms of economically developed markets, a number of key social and market trends have been having a major impact on developments in packaging over recent years. These include: the trends towards smaller households and accompanying rise in demand for more, smaller pack sizes, the increasing requirement for convenience among consumers, and the growing number of men interested in health and beauty products.
According to The Future of Global Packaging to 2018, all end-use sectors registered growth in value terms during 2012. Medium-term forecasts for food packaging demand indicate a potential growth rate of 3.4% on average to 2018, by which stage it will be valued at about $284 billion. Consumption of drinks packaging over the period is projected to increase at a rate of 3.3% on average per annum until 2018, reaching a value of $102 billion.
The Future of Global Packaging to 2018 is available to purchase online and receive immediately for £3950.
To find out more about the report and how your company can benefit from a global usage licence, please contact: Bill Allen (UK) T:+44 (0)1372 802086.
About Smithers Pira
Smithers Pira is a worldwide authority on packaging, paper and print industry supply chains. Established in 1930, the company provides strategic and technical consulting, testing, intelligence and events to help clients gain market insights, identify opportunities, evaluate product performance and manage compliance. For more information, visit www.smitherspira.com.