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Kenwei is a global professional manufacturer which specialized in weigher packing machines and multihead weigher machines.

Future development trend of the packaging industry market

In recent years, the packaging industry has seen rapid development in terms of global development. Among them, flexible packaging is the most obvious. According to the development analysis of these years, industry experts have shown that the global consumer market's demand for flexible packaging market will maintain an accelerated growth trend. The proportion of national demand will continue to expand. As the country with the largest consumption of flexible packaging, China's market consumption reached 6.07 million tons in 2015. Asia is the largest consumer region, accounting for 40% of the global total. From 2015 to 2020, the consumption of flexible packaging will grow at an average annual rate of 6.6%. India and China have the fastest growth in flexible packaging consumption, and the average annual growth rate of the two countries is expected to reach 9.4% and 6.9%.

   It is understood that nearly 75% of the world's flexible packaging products are used for food packaging this year, of which meat, fish and poultry are the largest food types, followed by confectionery and baked goods. From 2010 to 2015, the consumption of food flexible packaging grew at an average annual rate of 4.0%, followed by beverage and pharmaceutical consumption.

  Due to consumers' pursuit of convenient packaging machines and sustainable packaging, flexible packaging has been one of the fastest growing categories in the packaging market in the past 10 years. According to estimates by the Smithers Peel Institute, the global flexible packaging market demand this year is US$210 billion, consumption is 26.2 million tons, and the market value is US$91.7 billion.

It is estimated that in the next 5 years, the demand for flexible packaging market will increase to USD 248 billion at an average annual rate of 3%, consumption will increase to 31.7 million tons at an average annual rate of 3.8%, and the market value will increase at an average annual rate of 4.4% Increased to 114 billion US dollars. Through the analysis of special selection, we can see that under the influence of the market environment, the development of the packaging industry will become more and more rapid. How can the merchants, enterprises and manufacturing manufacturers in the packaging industry follow up the pace of development is our next step Questions to consider.

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