Printed Packaging Market Growing in India, Middle East
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According to Zawya Information Services, Dubai, UAE, the latest industry forecast shows the regional packaging and printing industry is poised for a compound annual growth rate of 5% until 2019, at a total value of $52 billion.
"The industry is expected to become more robust in the coming years as economies in the Middle East continue to develop and provide growth opportunities for international suppliers," said Mike Simmonds, event manager at Gulf Print & Pack.
"The new law in the Mena region restricting plastic use is helping us as producers of paper bag making machines to receive new customers willing to move from the plastic to the paper packaging industry," said Maxim Covali, marketing and sales manager of Somtas. Covali added that regulatory restrictions on plastic use will also have a significant, positive impact on suppliers of paper-based products.
