In a new
study, PCI Films Consulting
have identified 13 emerging flexible packaging markets comprising of Poland,
Russia, Turkey, Mexico, Brazil, India, Indonesia, Thailand, Vietnam, Saudi
Arabia, UAE, Nigeria and South Africa. Collectively these markets, valued at
$14 billion, have grown by almost 70 percent since 2006 and now account for 20
percent of total world demand.
One of the
key findings is that although a number of these emerging markets have been
affected by the global economic downturn, they have weathered the crisis well,
with demand growth averaging almost 11 percent per annum since 2006, led by
countries including India, Indonesia, Brazil and Russia. In general, all
emerging markets have illustrated strong growth over the past five years, with
only three of the thirteen posting overall growth of less than 30 percent
between 2006 and 2011.
The report
identifies the major driving forces in flexible packaging demand within these
emerging markets including strong GDP growth, high population growth,
liberalization in a number of markets, continued urbanization and the
development of mass retailing. In addition, changing consumer lifestyles and
increasing disposable incomes have encouraged the development of new convenient
packaged food and non-food products.
For
further information click here
Uflex agenda of global expansion and consolidation of its position as a truly Indian MNC is reinforced with its strategy of capacity expansion and adding manufacturing lines for various product categories across facilities in Dubai, Mexico, Egypt, India, Poland & USA – not only to increase proximity to the markets, but also to bring broad portfolio of value added products to its clients at competitive price points.
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