FMN | January 20th, 2020

Vol. 22 No. 2 FLEX Serving The Flexographic Printing Industry In Print and Online at www.nvpublications.com ® CPGs Focus Efforts On Packaging Retail-Ready Packaging Surges reported by Greg Kishbaugh An N.V. Publication Market News

January 20, 2020

Demand for retail-ready packaging is coming from emerging and transi- tional economies,withAsia-Pacific ac- counting for 4.5 million metric tons, nearly half the total global demand, according to a new report from Smithers, The Future of Retail-Ready Packaging to 2024 . Western markets, which are rela- tively mature, will show below-aver- age growth through 2024. South and Central America will account for the second-highest volume demand, at 1.7 million metric tons. The total global demand is 9.1 million metric tons. Worldwide Demand Global demand in value for re- tail-ready packaging (RRP) exceed- ed 29.1 million metric tons in 2018, having grown by an average of 4 per- cent annually since 2014. The mar- ket was worth an estimated $57.46 billion in 2018. RRP consumption is expected to increase on average by 5.4 percent

reported by Greg Kishbaugh

B rand owners for consumer packaged goods (CPGs) face an increasingly competitive landscape coupled with rapidly changing consumer tastes and preferences.As they seek to adapt

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to industry pressures, they often turn to one powerful item in their toolkits: packaging. In an effort to inform views and better understand packaging decision-maker needs and perspectives,

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