The world economy has proved to be most fragile in recent times with growth in developed countries being rather pedestrian, resulting in the hope of new volumes being found in developing markets. As such, the health of the packaging industry is l ....see more
The global metal packaging market is projected to reach $135.69 Billion by 2020, with a CAGR of 3.0% from 2015 to 2020. The North America region accounted for around 34.4 % of the total market share in terms of value, followed by the European and Asia-Pacific regions. In the recent years, Asia-Pacific has tremendously progressed in the metal packaging market which primarily includes emerging markets such as India and China. The North America realm held the majority of share in 2015 and accounted 34.4% of the total market, followed by Europe and Asia-pacific market with the share of 31.6% and 22.5% respectively. The main driving force in North America region is the changing lifestyle and convenience of packaged products. The emerging economies such as India and China have played a vital role in the rising growth rate of the industry.
The specialty paper market, in terms of volume, is projected to reach 34,879.08 KT by 2020, growing at a CAGR of around 6.59% from 2015. The market was dominated by Europe in 2014, which accounted for around ~33% of the total specialty paper market in terms of volume. On the other hand, Asia-Pacific is projected to be the fastest-growing market for the period considered for this study, due to growing demand for specialty products and increasing awareness among people.
The global market for stick packaging has witnessed rapid growth from 2011, and is projected to grow at a CAGR of 6.26% during the review period, to reach $316.6 Million by 2020. North America dominated the market, with a share of 41% in 2014; this market is driven by convenience and portability of stick packs, aggressive pricing, rising consumer spending, and shift from rigid to flexible packaging. The Asia-Pacific region is projected to become the fastest-growing market for stick packaging.