Frost & Sullivan ’s late depth psychology , ' Global Food and Beverage ( F&B ) Packaging Market , Forecast to 2030 ' , discover that the need to reduce material usage and educate more sustainable , durable and lighter - weight promotion solutions with lower production price are key drivers plunk for steady mart development . Utilizing innovative promotional material materials , advancing processing and additives through technical improvements and an uptick in eCommerce distribution will further augment market place enlargement . While revenue is ask to increase modestly , recording a colonial one-year ontogenesis rate ( CAGR ) of 1.2 % from 2018 to 2030 , whole cargo by weighting is set to lessen in the short full term due to a free burning drive for lighter - weight promotion .
“ With rise business organization around plastic pollution and stringent government regulations , manufacturers are search option to moldable packaging . This is resulting in an uptick in use of paper and aluminum - base packaging or other non - plastic materials such as biodegradable foods or resin , ” said Christopher Shanahan , Global Director , Chemicals , Materials and Nutrition , Frost & Sullivan . “ Paper and aluminum are both recycled at in high spirits rate and are see as feasible alternatives to plastic with biodegradable plastic films becoming more unwashed as new degradable rosin is adopted . ”
To differentiate themselves in a well - established , highly consolidated , and competitive market , packaging cloth suppliers are focusing on specific product such as flexible cloth , stiff plastic , and coating for sachets and pouches . downplay publicity costs is a antecedency so there is strong competition among manufacturers to provide the most price - effective solutions to client , including eco - well-disposed , lightweight products .
“ Although manufacturer have already reduce the heaviness of bottle and other packaging , they are now look toward further downgauging and intention improvements to make packaging more price - good , ” observe Shanahan . “ For instance , plan such as droplet - shaped bottles have been shown to increase volumes without expanding the package exercising weight . ”
F&B vendors can make the most of key opportunities in the market by :
Frost & Sullivan ’s recent depth psychology , ' Global Food and Beverage Packaging Market , Forecast to 2030 ' , explore the component and tendency that have shape the food and beverage packing landscape , the challenges that lie ahead , and the opportunities that can be tapped . The market is analyze in terms of different promotion material segments , including pliable material , stiff plastics , glass , metal , and other packaging stuff used for containers and closure .
Global Food and Beverage Packaging Market , Forecast to 2030 is part of Frost & Sullivan ’s global Future of Chemicals , Materials and Nutrition Growth Partnership Service program .
For more info : Jacqui HolmesEmail:[email protected]www.frost.com
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