PRIMIR Packaging Study Identifies Global Mega Trends
But in 2009 the picture changed. “Some markets are horrific, some just very bad,” comments Dave Costa of State Street Consultants, who conducted the research.
The PRIMIR study goes on to provide the market estimates to 2013 broken down by the four packaging segments studied (corrugated, flexible, tags and labels and folding cartons). Little growth is anticipated for corrugated with shipments in 2013 estimated to be $26.5 billion, up from $25.8 billion in 2008. Folding cartons also shows little growth during the period, only climbing to $11.58 billion from 2008’s $10.9 billion. In contrast, flexible packaging and tags and labels show moderate growth in the years ahead. Flexible packaging, with industry shipments totaling $28 billion in 2008 is estimated to grow to $31.1 billion by 2013. Tags and labels, with shipments of $15 billion in 2008 are expected to grow the most to $17.5 billion in 2013.