Global packaging market revenue to reach $ 1 trillion by 2021

摘要

THE global packaging market is expected to show a steady growth and reach a global revenue of around $ 1 trillion by 2021, as per the latest report from DecisionDatabases. Packaging has become an integral part of a products lifecycle and has outgrown its traditional usage limited to protection. Sustainability, environmental concerns and the demand to keep the product quality high has brought a major shift in the packaging industry making it smart and active, Internet of Things (IoT), nano technology, biotechnology,bio-based plastics and many such technological and product innovations have propelled the growth of global packaging market.