Pira's New Study on the Global Flexible Packaging Market
Flexible packaging has reached market maturity in the developed nations of North America and Western Europe and future growth will be modest. However, Pira expects flexible packaging to see stronger growth in developing countries.
Asia is the largest regional market with 29.1 percent of global market volume in 2011, followed by Western Europe and North America. Asia is also the fastest-growing market for consumer flexible packaging, with a forecast CAGR for 2011-2016 of 7.9 percent. The region is forecast to represent 55.0 percent of total world flexible packaging consumption growth during the period 2011-2016. India and China are the fastest-growing national markets for consumer flexible packaging according to Pira, together accounting for 44.0 percent of world flexible packaging consumption growth during the forecast period.
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