The market size is expected to reach USD $60.92 billion by 2024, according to a new report by Grand View Research Inc. owing to increasing demand for compact beverage packaging solutions.
The PET plastic bottle is the second most popular consumer pack type, after flexible plastic (in 2016 retail unit volume sales), and is set to grow by 3.9% over the next five years.
A cartoning machine seems pretty simple, but for those who aren’t involved in the cartoning field, it can be a little tricky. As packaging structures evolve and change sizes and forms, so must the machines that fold them.
A recent survey by Avery Dennison Label and Packaging Materials, North America, reveals that most shoppers have had challenges with removable labels that provide price and/or product information that are found on retail products.
Craft brewers sold $23.5 billion in 2016, according to the Brewers Association. That amounts to 21.9% of the $107 billion U.S. beer market. That's up from 19% last year – and continued growth from the 10% that craft brewers held in 2012.
Shifts in consumer lifestyles and the consequent demand for convenience products are contributing to a growing use of flexible packaging, replacing traditional formats, such as glass jars and metal cans, according to a report by Smithers Pira.
Global demand for functional and barrier coatings in paper and paperboard applications, is forecast to grow by 4.9% year-on-year to $5.18 billion by 2022.