According to a latest report shows that 15 developing quite rapidly emerging flexible packaging market, currently accounting for more than 20% of global demand.
Film Consulting released a research report concludes that in the past five years, the growth rate of these 15 markets higher than twice the global average rate.
Many companies benefit from this market growth, and believes the next few years will bring more of its new development opportunities.
The PCI report entitled 2019 Emerging flexible packaging market opportunities for Poland, Russia, Turkey, Brazil, Chile, Colombia, India, and so on. A depth analysis have been made in these countries.
One major finding is that although some of the emerging markets, especially Russia and Brazil, the recent decline in commodity prices and the global economic slowdown adversary affected, but in the past five years, the overall demand for flexible packaging is still close to 10% annual rise.
Multiple factors driving demand for flexible packaging, including: internal multinational brands and brokers direct investment, improvement of living standards, high population growth, the development of a number of market liberalization, changing consumer lifestyles and large retail.
The report’s authors said, at present in these markets for more than 60% of the demand concentrated in seven Southeast Asian countries are expected over the next five years, nearly 90% growth are from these countries.
These markets will provide flexible supply chain participants and infiltration investment opportunity. However, the average annual growth of flexible packaging demand over the next five years, South American and European countries will be less than 5% or less. Due to economic shocks, oil revenues fell and Western sanctions, Russia’s demand for flexible packaging will be seriously affected, the annual demand growth will be lower than 2%.