[The market value of plastic packaging will reach an annual growth rate of 5.2%]
Release date:[2020/7/28] Read a total of[221]time

Driven by demand from the healthcare and food industries, the global plastic packaging market is expected to reach a market value of 370.3 billion US dollars in the next five years.

   Transparency Research released a new study that shows that from now to 2020, the market value of plastic packaging will reach a compound annual growth rate of 5.2%.

  Unexpectedly, in 2013 (the last year for which statistics are available), food and beverage use accounted for more than two-thirds of the end use of plastic packaging.

   Although this trend is expected to grow in the next few years, in view of the rapid development of the medical care market, medical applications may become the fastest growing field.

  From the perspective of market share, the Asia-Pacific region may have the fastest growth rate, because changes in lifestyle and the growing size of high-demand people will drive demand growth.

   However, developed markets such as Europe and the United States may also experience higher than average growth rates, mainly driven by the medical and food and beverage industries and other factors


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