Product category:
General packaging materials, equipment and services
News Release from: Pira International | Subject: Future of Global Flexible Packaging Markets report
Edited by the Manufacturingtalk Editorial
Team on 06 January 2006
Flexible Packaging Growing To 16m Tons
By 2010
Global demand for flexible packaging was 12 million tons in 2004 and is forecast to grow to over 16 million tons by 2010, according to a new Pira International market study.
Global demand for flexible packaging was 12 million tons in 2004 and is forecast to grow to over 16 million tons by 2010, according to a new Pira International market study Central and eastern Europe enjoys the highest growth potential within Europe, said the Pira report
This article was originally published on Manufacturingtalk on 30 Jan 2007 at 8.00am (UK)
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Russia, Poland and Turkey account for 80 per cent of the total market for flexible packaging used within the central and eastern European market.
Russia is the largest consumer of flexible packaging materials in this market, with consumption forecast to reach 260,000 tons by 2010.
The UK is the largest flexible packaging market in Europe, and is forecast to remain so with a 21.6 per cent market share in 2010.
Flexible packaging sales in China are forecast to be worth 3.8 billion Euros in 2010, with a volume of 1.7 million tons.
According to the report, the food sector will continue to dominate the use of flexible materials, but there is evidence of a slow down in the more traditional areas of use.
In fruit and vegetables, respondents forecast generally lower than overall market growth, whilst fresh meats, fish, and poultry's growth in 2004-05 was forecast to be 4.5 per cent, declining to a rate of 4.2 per cent for the period 2005-10.
Confectionery will hold the largest market share of 12.9 per cent in 2010.
The report highlights PE films as the flexible packaging material with the greatest demand.
The annualised rate of growth for the period 2005 to 2010 is estimated at 3.5 per cent, to yield a total volume of 1.361 million tons of demand in 2010.
'The Future of Global Flexible Packaging Markets' report contains over 200 tables and figures of market information.
The market is broken down by region, flexible packaging material and end use sector, and the report examines technologies and other key drivers for change, said Pira.
Over 120 leading European manufacturers and suppliers of flexible packaging materials were contacted about their views on the market.
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