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RELEASED: OCTOBER 2008
After researching the UK pastic packaging market development and taking into account various other factors the following conclusions can be drawn from MBD's report:
MARKET REVIEW 2003-2007:
The value of the plastic packaging market declined by 5% to £3246.5 million in 2007. In contrast to this the market increased during each of the previous four years under review, culminating in 13% growth overall between 2003 and 2006, which took the value of the market to a peak of £3411.8 million in the latter year. Annual growth rates peaked at 6% in 2005.
MARKET FORECAST 2008-2012:
MBD believe the UK market for plastic packaging will increase by a marginal level during the forecast period. An increase of just 1% in real terms compared with 2007, is expected to take the value to an estimated £3269.1 million by 2012 (at 2007 prices). In 2008 real term demand is projected to be affected by high energy prices, as well as raw material costs which companies have so far during the year had to pass on to customers. The market is becoming increasingly dependent on the trends in the end use markets, many of which are reaching a level of maturity, and growth is likely to be more dependent on the efforts by end users to utilise packaging to stimulate product differentiation. Furthermore, market development is expected to be restricted by the trend towards reducing packaging and towards using more recyclable materials, which is largely driven by legislative requirements. However, plastic is expected to remain a popular packaging material in a number of sectors.
NOTE TO EDITORS:
MBD specialises in business to business market research. The range of reports and industries in which we operate in constantly expanding (our portfolio comprises of more that 140 titles). All our reports are written by in-house market consultants.
Click here for full details of the UK Plastic Packaging Market Research Report
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