This report forecasts revenue growth at global, regional, and country levels and provides an analysis on the latest industry trends in each of the subsegments from 2016 to 2027. According to research by smithers in the future of packaging. Global dairy packaging market size by material 2017. Top packaging trends in 2019 global packaging industry. The remainder of this article looks at highlights from the report. Mintels 2020 global packaging trends identify key opportunities for companies, brands, retailers, and packaging and material manufacturers to explore, study, and.
Packaging industry in united states growth, trends, and. Moreover, the advancement in packaging equipment and machinery is also anticipated to fuel the development of the market. We provide a steady stream of daily news, indepth reports, coverage of significant trade shows and interviews with key players in the industry. The rapid developments in technology and environmental. The statistic shows the total value of the packaging industry in the united states from 2016 to 2018. Molded fiber, material typically created from recycled paperboard or other natural fibers, is becoming increasingly popular as companies place a higher emphasis on sustainable operating practices. Packaging should work harder to align with ingredients 71% of grocery shoppers in 2018 strongly agree or agree foods and beverages with healthier ingredient lists should use packaging materials that are healthier too.
The packaging industry has been facing new trends in addressing environmental issues and worldwide growth of the industry. This includes outer and inner packaging purchased with products, but excludes packaging used for bulk transportation and industrial purposes. Hermetic packaging market size was valued close to usd 3. Packaging machinery market size, share, industry growth. Severe government regulations are expected to impede the development of the beverage packaging market in the coming years. Changing consumer perception, more focus on sustainability and renewable packaging, and the advent of nanotechenabled smart packaging materials are some of the major factors that would shape the future of this billion dollar industry in the near future.
Key drivers of packaging demand a number of trends have shaped consumer packaging. Changing style of packaging, innovative package designs, and increasing demand for cosmetics due to growing youth population are anticipated to drive the market in the forecast period. Ecofriendly packaging received the highest ranking of any of the 3 survey options, and for good reason. Packaging is becoming as important as what is in the package for more grocery shoppers. We track the latest news, follow the key trends, report on innovations and offer expert analytical insights into a diverse range of categories.
Market statistics and future trends in global packaging. The findings form the basis of our new report, no ordinary disruption. Pdf processing and packaging are the two important phases of operations in the food industry. Analysis of changing packaging trends in the food, cosmetics and toiletries, beverages and other industries please complete the form below, you will then be provided immediate access to the pages you have requested. In it, we offer a snapshot of where the packaging industry and its major segments stand today, unpack trends reshaping the industry, and consider the implications for substrates in particular, as well as the focal points for action more generally. Pdf european packaging industry foresight study identifying.
The comprehensive research employed in the future of global packaging to 2024, shows that packaging demand will grow steadily at 2. Busier lifestyles, rising purchasing power and consequently growing demand for quick and onthego packaged goods is fueling growth in the packaging industry in the us. The potential packaging implications of those trends and drivers are then evaluated to highlight potential future demands, opportunities and threats for packaging. The packaging industry in the us is estimated to grow from 587. Packaging outlook 2018 201803 packaging strategies. Beverage packaging market size, share, trends and industry. Packaging for the future pac, packaging consortium. Flexible packaging is also one of the top packaging trends that more and more brands and manufacturers will start to adopt in 2019, due to its premium quality, costeffectiveness, convenience, practicality and sustainability. Foodpacklab photonics packaging partnership for food innovation is the european. Innovation key to becoming packaging industry leader.
The packaging industry in united states was valued at usd 183. New models for the global packaging industry mckinsey. In fact, according to the market research firm marketsandmarkets, the global digital printing and packaging market is projected to grow at a compound annual growth rate of. Food packaging market size industry analysis report. An analysis of the overall market conditions for packaging technologies. Packaging industry research reports, insights, outlook. Every year brings a new trend in the packaging design industry. Some entirely new trend comes in the market while there are trends from previous years that still continue to rule. This report examines npd and consumer trends in the uk market for food packaging in relation to consumer products. The packaging industry also needs to be ready for secondorder effects triggered by the covid19 crisis. As crudeoil prices have fallen partly because of the pandemics effect on demand, the cost of oilbased raw materials, such as plastic resins for the packaging industry, is likely to fall.
With more and more people conscious about what happens to their packaging after use and increased awareness of the benefits of recycling, terms like circular. Cosmetic packaging market size, share global industry. Future of global packaging to 2024 packaging industry. For the purpose of this study, grand view research has segmented the global food packaging market report on the basis of type, material, application, and region. Request sample pages for trends and opportunities in the indonesian packaging industry. Increasingly, grocery shoppers will be looking at the total package literally. The pace of global change is accelerating, creating unprecedented uncertainty about the consumer preferences and behaviours that will affect the future of the packaging industry. The global cosmetic packaging market size was valued at usd 25. Trends shaping the future of printing and packaging. Consumer trends and industry trends for packaging drive this gigantic growth rate. Mintels 2020 global packaging trends identify key opportunities for companies, brands, retailers, and packaging and material manufacturers to explore, study, and act upon in the coming year. The packaging industry and the coronavirus pandemic mckinsey. Smithers latest longterm forecast analyses four key trends that indicate how the packaging industry is set to evolve. Designing innovative packaging solutions for the foodservice and fmcg industry since 1948, we take a look at some global packaging trends changing the state of play in 2020.
Here are 7 top inspirational packaging design trends for 2020. The beverage packaging market share is estimated to develop at a cagr of approximately 4 % by 2022. Press release food packaging market research report 20202025 industry trends and pdf report published. The report also examines trends and prospect for various pack types and closures. Were going to move on and discuss trends affecting the packaging industry. We will see more possibillities for intuitive interaction with packaging in the future. Packaging industry in india growth, trends, and forecast. Uk food packaging trends market report updated 2019. The main drivers include the performance of the no\. Offpremises dining takeout, delivery, drivethru, curbside, and even food trucks makes up 60% of all restaurant traffic. Market statistics and future trends in global packaging world. Packaging insights is the go to platform for all packaging related insights, news and developments. Packaging in australia report offers insight into key trends and developments in the industry. Top 7 inspirational packaging design trends for 2020.
Trends and opportunities in the us packaging industry gii. The flexible packaging industry has been leading the way in packaging innovation since the early 1950s, and is at the forefront of important packaging trends in product protection, packaging design and performance, consumer convenience, and sustainability. Consumer trends indicate a need for food and beverage companies to view packaging as an extension of the ingredients list. A detailed breakdown of market sizes to plan future strategy for your company with confidence. Pdf packaging sector is one of the massive traditional fields in the printing industry. On a global scale, the packaging industry is an enormous economic generator. Get up to speed on any industry with comprehensive intelligence that is easy to read. Packaging of the future is interactive the industry has a golden opportunity to integrate technology in the packaging to create value for customers qr is just the beginning. Research focus areas strategic analysis major, industry, and regional trends. Trends and opportunities in the indonesian packaging. Companies across the region are rigorously investing in flexible packaging technology. Asia is the fastestgrowing market with a forecast compound annual. Flexible packaging market continues to be one of the fastest growing segments in the global packaging industry.
Strategic packaging trends shape new market opportunities the packaging industry continues to create significant value for consumer products companies through innovations that reduce production and shipping costs, and design advances that can help differentiate brands and boost their sales. Food packaging market research report 20202025 industry. The packaging industry is growing at a fast pace and is expected to do so in the next 5 years as well. Today, the key determinants of demand for packaging are.