Global packaging to reach GBR 520bn by 2016

(prw) -- The global packaging industry will grow in value to almost $820bn (?520bn) by 2016, predicts a new report from Pira International, driven mainly by increasing demand for packaging in emerging and transitional economies.

The Future of Global Packaging Market and Technology Forecasts to 2016 provides market sizes and forecasts broken down by packaging product, end-use sector and geographic market, in a comprehensive overview of the status of the packaging industry in 50 countries globally.

This growth is being driven by a number of broad trends such as growing urbanisation, investment in housing and construction, a burgeoning healthcare sector and the rapid development still evident in the emerging economies, including China, India, Brazil and some eastern European countries.

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