How population influence the growth of pakaging industry?
Answers
Here are some other important facts about this growing industry:
- Flexible packaging accounts for approximately 18 percent of the U.S. packaging market
- Approximately 7 percent of flexible packaging is exported
- Food (retail and wholesale) is the largest flexible packaging market, accounting for over 55 percent of flexible packaging
- Food-related retail products, industrial applications, consumer products and institutional products are the other top four industries for flexible packaging
- The medical and pharmaceutical industry is currently about 8 percent of the market but shows signs of growing rapidly as well
Global Packaging
Of course, flexible packaging is part of the global packaging industry and the same trends and events that influence the overall packaging industry affect the flexible packaging industry as well.