With rising consumer demand and new technologies, the global packaging industry is expected to grow at 18-20% from the current 15%. Product differentiation; development and innovation continue to reign as key growth drivers for the industry. In addition, new application breakthroughs in the healthcare and pharmaceutical industries are providing ample growth opportunities for flexible packaging converters. The global packaging industry witnessed the defining influence of technology innovation and development, a key reason for the industry’s robust growth over the last few decades.