Global packaging market to top $1 trillion by 2024

Flexible packaging will continue to replace traditional formats, Smithers claims

The global packaging market is forecast to top $1 trillion by 2024, led by increasing demand from Asia. Market value is predicted to increase from $917 billion in 2019 to $1.05tr by 2024, a compound annual growth rate (CAGR) of 2.8 per cent, according to the market trends report from analysts Smithers. Total packaging sales…