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.
Praxis Packaging has acquired Unette Corporation of Randolph, NJ, which will expand Praxis’ packaging solutions to include liquid, cream and paste products in tubes, bottles, jars and stick packs.
Linx Printing Technologies introduces a new formula that meets the challenges of coding onto oily surfaces. Linx Black oil-penetrating ink 1062 is able to print effectively through light layers of oil onto a wide range of materials, including plastics, metal, glass and waxy surfaces.
Fifty50 Foods reveals new packaging prominently featuring its brand slogan "Eat Well, Feel Good" to underscore the company's commitment to helping consumers benefit from a low-glycemic diet. The company will also continue its 26-year legacy of donating half of its profits to diabetes research.
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.
The global ready meals market is expected to grow due to increasing advancement in the packaging industry. Demand for food that is additive-free, minimally processed and with extended shelf life is expected to drive the market.
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%.
TricorBraun has formed a 50-50 joint venture in South America with Amfora Packaging, which will be named TricorBraun South America SAS and headquartered in Bogotá, Columbia.
Asian beauty brands now have a new source for packaging, design services and the latest in global trends. Recognizing the steady growth of Asian domestic markets, Quadpack Industries is expanding its presence in the region.
Plum Organics, a leading organic baby food brand credited with revolutionizing the baby food category with the introduction of the spouted pouch, announces the launch of Baby Bowls: culinary-inspired baby food blends in a spoon-friendly dish.
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