Plastic Packaging market overview

Plastic packaging has grown to become a $38.2 billion market, by PMCF estimates, and is expected to grow at a compound annual growth rate of nearly 4.5% through 2010. As consumer demands evolve and new products are introduced to the market, plastic packaging is gaining market share at the expense of paper, metal, and glass alternatives due to advantages in cost, flexibility, portability, barrier properties, and aesthetics. Globalization, consolidation, volatile raw material costs, and ever-changing consumer demand have all contributed to a dynamic market environment that presents a number of challenges to overcome, but also brings with it significant opportunities for success.

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