Abstract
Packaging is an absolute necessity in the modern world. Our contemporary
society places many demands upon packaging relative to issues such as safety,
convenience, efficiency, identification, and marketing. However, packaging is
also a burden to producers, consumers, and the environment. As more and more
people become "modern consumers" around the world, packaging materials and
methods, as well as thought processes, will need to change in order to
minimize the impact on society and the planet.
Pike Research estimates that the worldwide market for packaging is currently
valued at $429 billion. We forecast the market to surpass $500 billion in
sales within five years, an annual growth rate exceeding the total global
increase in GDP. Paper and paper-based packaging are the largest sectors with
more than 40% of the global packaging market.
Today, the demands on packaging are greater than ever. As the world population
continues to grow, the packaging industry must react to new issues that often
were never even considered in the past. Concerns such as the energy required
to produce and transport packaging and the pollution created during package
manufacturing and use did not appear on our radar screen until the last
quarter-century. Moreover, the problem of what to do with all that packaging
once it has performed its function has only recently come into focus.
This Pike Research report assesses the current market conditions for packaging
and outlines the future opportunities to create more environmentally
responsible, sustainable, and eco-friendly packaging practices. We examine key
market drivers and challenges in various industries around the world,
highlighting best practices and identifying key trends that will shape the
direction of the packaging industry in years to come. The report includes
detailed five-year market forecasts for the total packaging market as well as
the environmentally responsible packaging sector, segmented by packaging
material categories and world regions.
Key questions addressed:
- Why is sustainable packaging necessary?
- What is the size of the global packaging market?
- What is the current growth trajectory of the market?
- What are the business opportunities with ' green' packaging?
- What are the key limiting factors to ' green' packaging?
Who needs this report?
- Packaging manufacturers and suppliers
- Industrial packaging customers
- Policy makers, regulators, and lobbyists
- Industry associations and trade organizations
- Non-profit organizations and advocacy groups
- Industry consultants, attorneys, and other service providers
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