According to reports, a report released by Parker Co., a world-renowned market research and consulting agency, said that thanks to the growing demand for consumer goods in developing countries, the packaging market for consumer products, commerce, and industrial products has expanded rapidly. By 2014, the global packaging market will increase from 429 billion U.S. dollars in 2009 to 530 billion U.S. dollars, and its growth rate will be significantly higher than the global economic growth rate.
The report also pointed out that the rapid expansion of the packaging market is bound to over-consumption of raw materials and energy, in addition will produce more packaging waste, which will cause greater damage to the environment. However, because sustainable packaging focuses on the ecological balance between man and nature, it will cause less damage to the environment and it will have broad prospects for development.
The report predicts that by 2014, the sustainable packaging market will increase from 88 billion U.S. dollars in 2009 to 170 billion U.S. dollars, and the growth rate will be higher than the average growth rate of the entire packaging industry. In sustainable packaging, plastic packaging will be the fastest growing segment, followed by paper packaging.
Parker Whicker, managing director of Parker, said that there is currently no global standard for sustainable packaging, and its development is still faced with many restrictions. Therefore, various national government agencies should work together to develop sustainable as soon as possible. The global standard for packaging also requires strong support from manufacturers, retailers, and consumers.
The report also pointed out that the rapid expansion of the packaging market is bound to over-consumption of raw materials and energy, in addition will produce more packaging waste, which will cause greater damage to the environment. However, because sustainable packaging focuses on the ecological balance between man and nature, it will cause less damage to the environment and it will have broad prospects for development.
The report predicts that by 2014, the sustainable packaging market will increase from 88 billion U.S. dollars in 2009 to 170 billion U.S. dollars, and the growth rate will be higher than the average growth rate of the entire packaging industry. In sustainable packaging, plastic packaging will be the fastest growing segment, followed by paper packaging.
Parker Whicker, managing director of Parker, said that there is currently no global standard for sustainable packaging, and its development is still faced with many restrictions. Therefore, various national government agencies should work together to develop sustainable as soon as possible. The global standard for packaging also requires strong support from manufacturers, retailers, and consumers.
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