In the report, "The Future of Rigid Plastic Packaging to 2022," Smithers Pira forecasts that global rigid plastic packaging consumption will be worth $166 billion in 2017, and exceed $200 billion at the end of its study period in 2022. Volume consumption of rigid plastics globally will reach 52.9 million tonnes in 2017, and is projected to grow over the next five years at an annual rate of 3.7% to 63.4 million tonnes.
At 92 million strong, the millennial generation is the largest in U.S. history. Currently holding over $600 billion in annual purchasing power, millennials’ buying power is predicted to reach $1.4 trillion annually by 2020 and $11.3 trillion by 2030. Like it or not, millennials are taking over the joint.
The global sanitary food and beverage packaging market is likely to grow at a CAGR of nearly 6% during the forecast period 2017-2021, according to Future Market Insights (FMI). Increasing emphasis on maintaining food safety during the supply chain is promoting investments by manufacturers.
Walmart-owned online retailer Jet.com, unveils its own private label, Uniquely J. The range of foods and home goods is a new challenger in the battle for market share in the rapidly emerging e-commerce private label category and represents a radical new direction for branding in the private label category.
Shipping major manufacturing equipment around the globe is no simple task, requiring significant logistics planning and coordination between manufacturers and suppliers. For Mayfran International, a Cleveland-based leader in scrap and material handling solutions, delivering its conveyor systems to customers in the same quality condition in which they left the manufacturing floor is a top priority.
The global packaging divider market is expected to grow at a CAGR of close to 6% during 2017-2021 period, report projects; food and beverage accounted for close to 33% of total market in 2016, while pharmaceuticals held 27% market share and automotive took 18%.
Smart packaging has come a long way – snack food bags can detect drunk drivers and beer bottles can play music – but more brands are investing in smart labels to connect brands and technology.
According to a report published by Allied Market Research, the organic food and beverages market is projected expected to reach $327,600 million by 2022, growing at a CAGR of 16.4% from 2016 to 2022.