The global market for flexible packaging is projected to be worth more than US$71bn with worldwide consumption set for annual growth of more than 4 per cent to reach almost 22.5m tonnes by 2016, said a new report by Pira International.
Sealed Air Corps said it had made a “modest recovery” in the first quarter but that continuing economic weakness in Europe had held the company back. Its revival would instead be led by growth in emerging markets.
Snack markets in western Europe might well be reaching maturity,
but there is still plenty of growth to be found in Russia,
according to Market Advice. The economic crisis of the late
1990s gave domestic producers a chance to outstrip...