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Anonymous
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Asked: 2019-12-26T23:28:13+00:00 In:

What are the emerging trends in plastic packaging market?

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The growth in the plastic packaging industry is fuelled by growing disposable packaging and consumer preferences for packaged good. Furthermore, e-commerce has accelerated the demand growth.

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    1. Packtick

      Packtick

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      Plastic packaging will continue to replace materials like glass and metal, due to lightweight, cost-effectiveness and high-performance features. Plastic packaging is widely used in food & beverage, healthcare and cosmetics industries.

      Below are some key trends in the plastic packaging industry. 

      • A substantial global demographic growth and expansion is expected over the next decade. This would have an impact on consumer spendings and consumer lifestyle. Consumers will spend more on packaged goods with the expected rise in income. Consumers will also demand packaging solutions that are convenient and portable.
      • Lifestyle trends like urbanisation, working women, wellness products and busier lifestyle will play an important role in changing consumer preferences and boosting the demand for packaged products. Single-person household is also influencing the packaging trend as it drives the demand for smaller portions.
      • Sustainability and consumer awareness regarding good health and bio-based packaging materials are projected to be the key challenges for the growth in the plastic packaging industry. Packaging industries are continuously investing in developing green and bio-based plastics. Recycling is another solution that is used to produce recycled plastics for eco-friendly and bio-degradable products. It helps in reducing carbon footprints and contributes to a greener environment. 
      • Polyethylene terephthalate (PET) and high-density polythene (HDPE) polymers are expected to gain market share. In the beverage market, it is a popular packaging choice for milk, fresh juices and water.
      • E-commerce is growing rapidly, driving penetration of internet and smartphones. An inclination toward consumption will elevate the demand for plastic packaging that can address problems of shipping, weight and safety. It provides progressive solutions to innovative packaging, i.e. protecting the fragile goods, low cost and easy transportation.  
      • Flexible packaging is growing in the plastic packaging market. Bags and pouches are common products of flexible packaging. They are widely adopted across all sectors. The demand for flexible packaging is to grow further due to its lightweight and easy-to-use.
      • Active and intelligent packaging will see more growth traction due to food safety and food wastage concerns.
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