Posts Tagged ‘rigid plastic packaging’

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Plastic Packaging

New research from Pira Intl. finds the market for rigid plastic packaging offers best growth prospects in the European food/drink packaging market in terms of volume terms. The market segment, which includes plastic bottles, plastic trays and rigid plastic pots and tubs, is expected to enjoy a combined compound annual growth rate (CAGR) of 3.7 percent from 2010 to 2015, which almost double the 1.9 percent growth predicted for the European food and drink packaging sector over all.

 

In 2010 food and drink consumption in the 12 countries/regions covered by the Pira study totaled just over 574 million tonnes. The projected CAGR for 2010-15 is 0.6 percent for all food and drink consumption, but 1.9 percent for packaged food and drink consumption. This is an increase on growth of 1.7 percent between 2005 and 2010 and equates to 1,254 units per person per year. || Read more

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