According to a recent Research and Markets report, the European plastic packaging market is forecasted to grow at a CAGR of 3.27% over the period 2014-2019.
Commenting on the report, an analyst from the team said: “One of the key trends set to emerge in the market during the forecast period is the growing consumer preference for flexible plastics over rigid plastic packaging material. Flexible plastic packaging materials are 80% lighter in weight than an equivalent rigid plastic material, and are also cheaper to manufacture.”
One of the contributing factors that impact the market in a positive light is the demand from the pharmaceutical and healthcare sector. The development of this sector is driving the demand for plastic packaging for pharmaceuticals and medical devices.