FMN | January 20th, 2020

Vol. 22 No. 2 FLEX Serving The Flexographic Printing Industry In Print and Online at ® 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

(Cont’d on Page 8)

For exclusive content and breaking news p lease visit

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,

(Cont’d on Page 4)

Made with FlippingBook - professional solution for displaying marketing and sales documents online