The South African packaging industry volume grew by 8,3% in 2007. The most prominent trends recorded in the packaging industry in 2007 include: Packaging raw material prices continued the sharp increase recorded in previous years. The surge in crude oil prices has resulted in increased international raw material prices. Increases were recorded in all packaging raw material in 2007 and this trend is set to continue over the medium term. Despite consistent interest rate increases, consumer spending remained positive, particularly during the first three quarters in 2007. Specific end-use markets - beverages, breakfast foods, snack foods and yoghurt - benefited from the increased spending. Consequent benefits were recorded by packaging materials used in these markets.
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