Plastic packaging forms an essential part of our daily lives around the world and as consumerist culture continues to spread and grow, demand for plastic packaging manufacturing will expand in parallel.
Medical packaging
Medical packaging will be a key growth driver in plastic packaging between 2014 and 2019 according to the report.
According to TechNavio's forecast Global Plastic Packaging, the market is set to grow worldwide by 6.06 per cent between 2014 and 2019, with this figure combining both flexible and rigid plastic packaging.
Key regions driving growth in this sphere are North and South America, Europe and the Asia-Pacific region and it is not just the food and beverage packaging sector that is pivotal to demand, with increasing revenue coming from the pharmaceutical and healthcare sectors.
TechNavio also looks into the key companies at the forefront of plastic packaging development, naming Amcor, Sonoco Products, Sealed Air, APPE, AEP Industries. Greiner Packaging, Nampak Plastics and Winpak amongst dozens of market-leading vendors.
Full report available here.
