Wednesday, January 30, 2008

Consolidation and innovation needed for packaging industry in Europe

A report by ING Wholesale Banking and consultancy group Edge predicts that the flexible packaging industry in Europe needs to consolidate and innovate over the next ten years. In the consumer packaging sector, plastics demand is expected to grow by 5.9% pa up to 2009, while paper and board growth is expected to be 5.3%. Opportunities are growing for converters as retail channels diversify, pack lifecycles shorten and retailers seek differentiation.

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