The demand for flexible packaging in Western Europe maintains a low growth rate
according to the latest survey report "European flexible packaging market 2006" of I film consulting company, the demand for flexible packaging in Europe is expected to grow at an average annual rate of 1.4% in the next five years, and the market value will increase from US $9.3 billion in 2005 to US $10billion in 2010
pci predicts that in the next five years, the growth rate of the Western European market will still be lower than the average annual 1% level, while the central and Eastern European market will grow rapidly at an average annual rate of about 7%. Paul gaster, the drafter of the survey report, said: "these changes are affecting most Western European countries. Among them, the UK has the greatest impact, and its flexible packaging market demand and production will decline significantly in the next five years."
the report also pointed out that although the flexible packaging production units in Western Europe continue to be rationalized, the region will continue to face the situation of oversupply
source of information: China chemical information
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