Emerging flexpack markets show strong growth

Emerging flexible packaging markets are showing growth well above the overall market rate, and are leading innovation and product development, according to a recent report from PCI Films Consulting.

15 markets leading innovation and product development according to PCI Films report

PCI Films Consulting’s Emerging Flexible Packaging Markets study looked at the top 15 of the world’s emerging flexible packaging markets. This included Poland, Russia, Turkey, Argentina, Brazil, Chile, Colombia, India, Indonesia, Kazakhstan, Myanmar, Pakistan, Thailand, Vietnam and Nigeria.

These markets are said to have a combined value in 2014 of 17.9 billion USD, which has increased 57 percent since 2009. They now account for more than 20 percent of global flexible packaging demand.

Further, the study found that these markets have been growing at an average rate of just over 10 percent a year for the past five years, which is double the rate of the global converted packaging market as a whole.

Emerging Flexible Packaging Markets outlines the developments that are continuing in these markets, now and through to 2019, and their potential for long-term growth.

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