Flexo Market News
Sustainable Packaging (Cont’d from Page 1) Growth Rate of 4.63 percent over the forecast period; i.e. 2020-2027. The U.S. sustainable packaging market is expected to achieve a year-to-year growth rate of 5.66 percent in 2027 as compared to previous year. Asia-Pacific is expected to account for a share of 23.73 percent by 2027 in the sustainable packaging market.The growth in the region can be attributed to an increase in the food and beverage sector coupled with rising population over the forecast period. China is the prominent market driving the growth in the re- gion. Additionally, the Chinese sustainable packaging market reached $12.05 billion in 2018 and is expected to reach $19.72 billion by the end of 2027, expanding at a CAGR of 5.9 percent over the forecast period; i.e. 2020-2027.The Chinese sustainable packaging market is expected to achieve year-to-year growth rate of 6.92 percent in 2027 as compared to previous years. Middle East and Africa (MEA) is anticipated to ac- count for a share of 9.11 percent by 2027 in the sus- tainable packaging market. The growth in the region can be attributed to growing trade activities over the forecast period. The MEA sustainable packaging mar- ket reached $22.27 billion in 2018 and is expected to reach $37.60 billion by the end of 2027, expanding at a CAGR of 6.3 percent over the forecast period; i.e. 2020-2027.The Middle East and Africa sustainable packaging market is expected to achieve a year-to-year growth rate of 7.39 percent in 2027 as compared to previous year. The paper and paperboard segment accounts for the largest share of the sustainable packaging market across the globe (24.77 percent share in 2018). Fur- ther, the paper and paperboard sustainable packaging segment is anticipated to reach $106.51 billion by the end of 2027 from $60.92 billion in 2018.Moreover, this segment is anticipated to flourish at a CAGR of 6.72 percent over the forecast period. In addition, the sus- tainable packaging in paper and paperboard segment is expected to achieve a year-to-year growth rate of 7.8 percent in 2027 as compared to previous year. The organizer of the Labelexpo Global Series of trade shows for the label and package printing industry has announced a major new show serving the LatinAmeri- can market. Labelexpo Mexico will take place June 23- 25, 2021, at World Trade Center Mexico City. Labelexpo Mexico 2021 will also include the co-lo- cated 2021 edition of Brand Print Mexico and will be supported by key trade bodies AMETIQ and ACOBAN. Labelexpo Launches New Show In Mexico
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12 September 30, 2019 Flexo Market News
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