Global demand for rigid packaging to grow at CAGR of 6.4% till 2016

摘要

WORLDWIDE demand for rigid packaging is forecast to increase at 6.4% pa to US$472 bin in 2016, as per a report by ReportLinker. Factors contributing to rising demand include growth in global manufacturing output, increased consumer spending on packaged goods worldwide, and demographic trends such as the rising percentage of urban populations, which consume more packaged foods than their rural counterparts. However, environmental concerns will boost demand for flexible packaging products. As a result, gains in rigid packaging demand will lag growth in total packaging demand. Other factors limiting rigid packaging demand include market maturity in developed countries, as well as market saturation in bedrock applications such as bottled and canned beers and carbonated soft drinks.