Demand for poultry packaging is forecast to increase 3.4% per year from $4.2 billion in 2019 to $4.9 billion in 2024, according to the report “Meat, Poultry & Seafood Packaging,” by The Freedonia Group.
A new Freedonia Group analysis projects 4.5% annual growth for the global packaging machinery market through 2023, driven by global increases in manufacturing activity, rising mechanization in developing countries and high-value sales of state-of-the-art equipment in affluent markets.
FPA's new report on sustainable packaging, "A Holistic View of the Role of Flexible Packaging in a Sustainable World," is now available. The report focuses on the industry segment that adds significant value to flexible materials, usually by performing multiple processes such as printing, laminating multiple layers and adding coatings. It focuses on the U.S. perspective, though global data is utilized to provide a broader picture.
The distinction between mass-market and luxury products is becoming blurred, prompting luxury brands to turn to innovative technologies and strategies to attract customers to their high-end goods. According to a Smithers Pira report, the global luxury packaging market is expected to increase by an annual average of 1.3 percent to 2022.
Growth of the market will be due in part to increased at-home deliveries and on-the-go dining in countries, according to a report by Global Market Insights Inc. Plastic, metal and glass packaging are a few factors that may affect paperboard packaging market in coming years.
Consumer trends have contributed to a gradual replacement of rigid pack formats by flexible packaging during the last decade or so. Total flexible packaging sales were at $219.5 billion in 2016, with growth expected at an annual rate of 4.3% to $282.6 billion by 2022.
If you're involved with fruits and vegetable packaging, this is for you. Consumers' consumption of fresh produce grew steadily—albeit modestly at about 1.3%— between 2011 and 2016. As market research firm Packaged Facts forecasts in a new report, moderate annual gains will continue over the next several years through 2021.
As costs decline for implementing automation, even small to medium sized consumer packaged goods companies (CPGs) are beginning to see the value in taking steps toward automating operations, according to the 2017 Evolution of Automation industry research report by PMMI.
Mintel has announced four key trends set to impact the U.S. foodservice market over the coming year. The market intelligence agency predicts that 2018 will see the blurring of retail, foodservice and social media, as well as health and indulgence.
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.