Rongyi Plastic Packing Co.,Ltd

Rongyi Plastic Packing Co.,Ltd

The annul growth rate of packaging bag in Asia ahead of other region

2016 05/24

The market scale of rigid food packaging bag is expected to reach $630 billion in 2017.Driven by the consumption and investment factors,stable growth of 3.7% will continue maintain in next five year ,it is estimated that it would achive $755 billion in 2020. The report indicated that the annual growth of rigid packaging market is far more than paper bag. Its GAGR(compound average growth rate ) will be at 2.7%.Market of paper pouch is expected to reach $193 billion.

From the point of view of yiled,the annual growth of rigid packaging market goes far beyond the other regions,its GAGR is up to 9.1%,its output are going to reach 16.2 million tons and it is expected to arrive at 5 million tons in 2020.Average annual growth rate in West-Europe and North America is much lower than Asia area.The GAGR of west Europe will attain to 2.3%,t is about 1.6% in North America .