An unfolding revolution in digital packaging creates a trifecta of opportunity for brand owners
April 1, 2020
It is now well accepted that virtually all brands, from the utmost recognized to the newly eager, face an unprecedented onslaught of counterfeiting and gray market trading. In emerging countries, this menace is bold and audacious, with outright fakes appearing in the open marketplace. In developed countries, the problem is equally insidious due to online propagation of counterfeit products through e-commerce platforms.
As a longtime supplier of flexible packaging machinery, I have had the unique opportunity to work with a number of companies to help them solve their evolving packaging challenges and continue to evolve their packaging— from large companies to a growing number of entrepreneurial startups.
Corrugated packaging is an increasingly noticeable part of daily life, especially in today’s new age of e-commerce. With a business philosophy dedicated to responsibility, the corrugated packaging industry’s recycling track record is miles ahead of any other packaging material.
It’s estimated that 95% of purchases will be made online by 2040. While household care brands have worked over the decades to build tight supply chains, in this new age of e-commerce, in-store packaging strategies can’t simply be replicated for e-commerce.
In today’s connected world, consumers desire availability and speed with their purchases. Whether it’s food and drinks or clothing and cosmetics, we want everything fast. The rise of e-commerce packaging has soared to new heights, and a new set of parameters for packaging has come with it.
A new study conducted by Pregis and the University of Wisconsin (UW) in Madison shows that the value perception of e-commerce shipments is significantly impacted by the materials chosen to protect them. Even a small increase in packaging material expenditures—as little as 19 cents—can make a dramatic impact (as much as 45 percent) on the perceived value.
U.S. demand for retail e-commerce packaging is projected to expand, due to online shopping growth, due to its convenience and ability to provide a wider selection than brick and mortar stores. The ease of viewing and comparing products via computers and mobile devices will continue to boost growth for e-commerce retail sales, as will the added spending power of millennials, the largest demographic of online shoppers.
In this issue of Packaging Strategies we have the annual Packaging Outlook, covering flexible and rigid plastics, glass, metal cans, paperboard and corrugated, as well as packaging machinery & automation and packaging design. Also covered is the trend of less is more in beverage branding, how dispensers can make or break a brand experience, one conveying company that’s setting the bar in vertical farming, a dairy manufacturer that moved to plant-based products and more. Enjoy!