The downturn in global manufacturing activity during the last year has created a difficult demand environment for many packaging grades. However, this is expected to be relatively short lived, since there are several factors that suggest better times are ahead, once the uncertainty on the manufacturing front eases. Global demand for packaging paper and board should grow 2.4% annually during the next five years, even if conditions remain challenging in 2020.
With new pressures from the rise of e-commerce, growth in IoT, and consumer demands for environmental sustainability, the CPG packaging industry is facing major challenges.
Where is this data coming from?
Packaging. It’s ubiquitous but often overlooked, which makes it a category ripe for disruption.
On one hand, package providers need to adapt to suit changing customer demands. People are shopping more online, including for groceries, while seeking out more environmentally friendly packaging.
