Beverage Packaging Market Poised For Growth
The beverage packaging market is predicted to grow in the next decade at a fairly steady pace, according to a recent report from London-based research firm visiongain. Global growth will be modest due to the financial and geopolitical climate. Commodity pricing will decrease due to the Chinese economy slowing down which will have a big impact on the worldwide production.
However, given the current geopolitical tensions around the world, the GDP growth will remain modest but stable over the next few years. Still, there are many factors weighing on the development of beverage packaging technologies and their growth trajectory.
Release Date: 06/07/2016
About GDP:
Gross domestic product (GDP) is a monetary measure of the value of all final goods and services produced in a period (quarterly or yearly). Nominal GDP estimates are commonly used to determine the economic performance of a whole country or region, and to make international comparisons. Nominal GDP, however, does not reflect differences in the cost of living and the inflation rates of the countries; therefore using a GDP PPP per capita basis is arguably more useful when comparing differences in living standards between nations.
