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Pharma to lead U.S. packaging growth through 2020

Although food packaging is projected to remain the largest market by demand, pharmaceutical packaging will rise the fastest, despite price pressures.

Freedonia's Packaging: United States cover.
Freedonia's Packaging: United States cover.

Packaging demand in the U.S. will rise 3.5% annually through 2020, predicts Freedonia in its new report.

Gains will be supported by increases in nondurable goods output and growth in consumer spending, according to the industry market research firm. It projects food packaging to remain the largest market segment, but expects pharmaceutical packaging demand to rise 5.4% per year over the forecast period, showing the fastest pace among the leading markets.

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