'Global Flexible (Converted) Plastic Packaging Will be a $137bn Market in 2012' Says Visiongain Report

'Global Flexible (Converted) Plastic Packaging Will be a $137bn Market in 2012' Says Visiongain Report PR Newswire LONDON, October 29, 2012 LONDON, October 29, 2012 /PRNewswire/ -- Visiongain's analysis indicates that the global flexible (converted) plastic packaging market will reach a value of $137bn in 2012, as the trend of convenience and low cost drives the global flexible (converted) plastic packaging market. The flexible (converted) plastic packaging market will record strong growth over the next decade, with a significant portion of the growth derived from the emerging markets. This will be, in part, due to rising disposable incomes as a consequence of stronger economic growth. Multinationals in the developed markets are expected to shift their strategies to the high growth developing markets, and the developed markets will be characterised by consolidation. The Visiongain author of The Flexible (Converted) Plastic Packaging Market 2012-2022 report commented that 'Globally, consumers are demanding convenience when making purchasing decisions and the versatility of flexible (converted) plastic packaging has provided a way to satisfy this demand. On the other hand, the developed nations will be characterised by declining demand and this will be, in part, due to the devastating effects of the recession. Consumers have lower disposable incomes and overall packaging demand is expected to decline.