Market Value Continues Steady push to $997 Billion by 2020
Sustainability used to be a “bonus,” an afterthought. This is certainly not the case anymore. According to data from Smithers Pira, the forecast is for steady growth across the packaging industry, pushing a market valued at $839 billion in 2015 to expand 3.5% a year to reach a total of $997 billion in 2020. The report, “Ten-year Forecast of Disruptive Technologies in Sustainable Packaging to 2026,” says that sustainability will become an increasingly important factor for decision makers at all stages of packaging value chains. Sustainability is now a fast-growing and vitally important area of concern for packaging and addresses economic, environmental and social objectives.
Read the full article on Packaging World’s website HERE.