According to research by Smithers in The Future of Packaging: Long-Term Strategic Forecast to 2028, between 2018 and 2028 the global packaging market is set to expand by almost 3% per annum, reaching over $1.2 trillion. The global packaging market has increased by 6.8% from 2013 to 2018.
According to the publication “Private Label Buyer,” studies show that packaging of products can increase customer satisfaction, increase visibility and set one product apart from its competition.
Having the right packaging can greatly reduce the risk of loss during transportation. The right packaging also makes it easier for transportation companies to manage the load, which of course means less hassle for your operation from the carriers.