The US containers and packaging market is forecast to grow 1% a year to 2011 to reach a value of $116 billion, according to a report by business analyst Datamonitor.
The market grew 1% in 2006, reaching a value of $100 billion, of which the largest sector was paper packaging, making up 57% of the market's volume, followed by plastic, metal and glass.
Datamonitor says that although the industry is seeing growth, high prices for oil and gas are pushing up the price of plastic resins such as polythene, narrowing margins for packaging manufacturers.
Excess inventory is also causing a problem for some companies as constant innovation in the market means that stockpiled products may be obsolete before they can be sold.
Source: packaging-technology
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