When a non-packaging-related news outlet makes 34 bold predictions for 2024 and two of them relate to packaging, it’s a sure sign of packaging’s importance in the global economy and in environmental efforts.
I recently stumbled across an article on LinkedIn News titled, “34 Big Ideas that will change our world in 2024.” Even before reading the article, I thought, “I bet at least one of these 34 Big Ideas pertains to packaging.” I was right.
Despite the challenges, the combined revenue of the food and beverage market this year was $435.3 billion and is expected to grow to a staggering $857B by 2025.*
2020 was a year like no other. Yet despite the challenges brought on by the pandemic, most top food and beverage brands remained stable. In fact, the food and beverage industry is one of the only consumer product sectors to grow in the year.
Costco has unique requirements when it comes to packaging. Michael Carrier, Director of Package Development at Berkley International shares what brand owners need to know to get into the club.
There were many variables that affected how packaging lines were run — even the suppliers who have customers in consumer packaged goods companies (CPGs) felt the changes.
The HMI market was valued at U.S. $4.3 billion in 2020 and is expected to reach $5.6 billion by 2025, at a CAGR of 5.2% during the forecast period (ResearchandMarkets).
<p><em>Packaging Outlook 2017</em> gives a breakdown on each packaging sector and insiders’ predictions and insights regarding 2017 market trends. You won’t want to miss this invaluable summary!</p>