In-House Packaging Operations Propel Growth for Caribbean Syrup Manufacturer
New blow-molding equipment and custom bottle designs boost sales 24% in one year.
As disposable incomes rise around the world and consumers express greater desire for variety in their products, the food and beverage industry continues to create new tastes and flavors to satisfy a range of tastes. As a result, the global food flavors market is projected to advance from a current value of $13.56 billion USD to $17.10 billion USD by 2023.[1] With this growth on the horizon, many international food and beverage producers are actively seeking new solutions in order to expand operations and meet increasing demand.
For one, Tropical Trade & Industries N.V., a manufacturer of food and pharmaceutical products based in Paramaribo, Suriname, was in need of in-house packaging capabilities to support its business plan to grow its presence in the Caribbean. The company turned to PACK EXPO Las Vegas, produced by PMMI, The Association for Packaging and Processing Technologies, in search of a solution to meet this need. As a result, Tropical Trade & Industries N.V. built a critical supplier relationship and discovered a solution to enhance its overall brand experience and potential to grow. Here is the story.