Study Reveals Drivers of Plastic Packaging Growth for Future

Back to NAM Blog

Study Reveals Drivers of Plastic Packaging Growth for Future

Recently, a study conducted by Transparency Market Research titled "Plastic Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014-2020" indicated that one of the key factors driving the plastic packaging industry is expected to be the healthcare industry. According to the study, the demand for plastic packaging is greatest in the healthcare industry, however plastic packaging is expected to expand in the food and beverage markets as well. Plastic packaging includes all types of packaging made of plastic, including containers, envelopes, films, bags, and pouches. In 2013, the plastic packaging market was valued at nearly $260 billion globally. This number is expected to increase to more than $370 billion by 2020, according to the study. Consumers also play a significant role in the growing popularity of plastic packaging, as most prefer packaging that is durable and lightweight, easy to take on-the-go. One factor that is expected to have an adverse impact on the plastic packaging industry is the volatility in the price of crude oil. Plastic packaging is expected to experience the biggest growth in the healthcare industry in the coming years, as certain factors continue to impact the packaging of pharmaceuticals. These include reducing the occurrence of fraudulent drugs in the retail market, maintaining hygiene of drugs, and more effectively retaining the medicinal properties of drugs. Food and beverages accounted for more than 65% of the plastic packaging market share in 2013, however it is now believed the pharmaceutical industry will take the lead in terms of growth in coming years. At Markem Imaje, we provide industrial printing solutions for many industries including pharmaceuticals and food/beverage. From rigid plastic, flexible packaging such as pouches, and cartons to films and bags, our coding and marking equipment provides the highest quality marking of ingredients, barcodes, logos, best before dates, batch numbers, and more.

January 10, 2014
Markem-Imaje Announces Acquisition of CSAT

Markem-Imaje Announces Acquisition of CSAT
Back to top