Packaging is a system for corralling and protecting a product from damage. It plays a vital role in the safe storage and hygienic handling of a product. Moreover, it also provides protection from environmental factors such as dust, moisture, and wind. Apart from safeguarding the product, packaging also helps in marketing the product to customers. Elegant packaging design with various color schemes and designs has an impact on consumer demand as it can sway the preference of customers. Aesthetically appealing packaging is meant to reflect the quality of the product and hence serves both brand promotion and advertising purposes. Packaging is of two types, rigid and flexible. Flexible packaging is any package whose shape can be readily changed. Examples of flexible packaging include bags and pouches. Rigid packaging includes boxes, trays, cans, bottles, and pots and is the dominant market segment.
The packaging materials that are used commonly include plastic, metal, brick cartons, paper, cardboard, and glass. These materials are used in the various end-use industries depending on packaging requirements. For instance, aluminum and tin are used to store food & beverages in cans owing to corrosion resistant properties of these metals which ensure that the product is not contaminated. Similarly, alcohol is typically stored and sold in glass bottles as they look visually appealing and have a longer shelf life than plastic bottles.
The end users of packaging materials include food beverages, electronics, pharmaceuticals, personal care, textile, consumer goods, and chemical processing. The largest end user of packaging materials is the food and beverages industry owing to increasing demand for packaged food in emerging economies. Pharmaceutical companies rely on packaging in order to protect and promote their products, meet regulations, and increase patient compliance. Especially, the use of plastic is preferred due to high dimensional stability, moisture barrier, strain resistance, low water absorption, and resistance to heat.
Plastic is the most used packaging material. It is also lightweight, strong and cheap to procure in the current market. Plastic packaging materials are manufactured from petroleum and its derivatives, and are used in various end user industries. Polyethylene terephthalate (PET) is used as primary feedstock in the manufacture of plastic bottles which finds large application in food & beverages, pharmaceuticals and cosmetics industries due to its high durability, light weight, low cost and recyclability. However, stringent government regulations imposed on the petroleum and chemicals industry due to emissions of CO2 and greenhouse gases, and fluctuation of crude oil prices are the factors that expected to hinder the growth of the global plastic packaging market. However, plastics are non-biodegradable and end up in landfills. Therefore, a shift towards sustainable packaging materials such as paper, paperboard, cardboard, metal and glass has been observed in the recent past. Utilization of sustainable packaging in increasing due to growing environmental awareness among the populace.
The growing disposable income, increasing consumer preference for packaged goods, and the expanding retail industry, especially in Asia Pacific and Latin America, are factors that are favouring growth of this industry. For instance, according to the India Brand Equity Foundation (is a Trust established by the Department of Commerce, Ministry of Commerce and Industry, Government of India), the retail market in India is expected to nearly double to US$ 1 trillion by 2020 from US$ 600 billion in 2015.
Also, increasing awareness regarding food contamination has intensified the packaging market growth. Asia Pacific is the largest and fastest growing market. The advent of online shopping and consumption of cosmetics has resulted in a booming market in countries such as India, China, and Indonesia. Moreover, the “Make in India” campaign by the Indian government is expected to have a positive impact on the growth of the packaging industry in India. North America is a leading market for paper packaging. The industry in North America recycles up to 70% of its used paper, according to the U.S. Forest and Paper Association. In Europe, the European Paper Recycling Council aims to achieve 74% recycling in the European Union. The paper packaging industry in North America and Europe is expected to serve as a model for emerging markets.
The environmental concerns regarding plastic packaging are expected to hamper growth of the packaging industry to some extent. Moreover, the preferred substitute to plastic is paper which, although recyclable, involves logging of forest areas. This has resulted in stringent packaging regulations. Constantly fluctuating oil price is also affecting the market growth. Also, leaching of chemicals from packaging into the product is a major concern. Cases of toxic packaging have been observed in China which has affected consumer demand.
Stringent government regulations and time consuming approval process before launching commercially, has led manufacturers to obtain approvals prior to distribution. For instance;
Pallets are an important tool across the logistics industry. It is a flat platform that can carry the load in the warehouse. They are basically used to store, protect, store, and transport materials during material handling. It is a portable platform and improves the ... Read more
Next-generation packaging is an advanced packaging solution that offers various benefits in terms of product quality information and traceability. It helps in tracking and monitoring the product during the entire supply chain process from shipments to delivery of... Read more
Definition of Market/Industry: Folding cartons are popular packaging materials that are used to package bulk materials. They are widely used in the retail packaging industry. They provide safety and easy handling... Read more
Definition of Market/Industry: Flexible packaging maintains the product freshness by increasing their shelf-life and are ideal packaging materials during transportation. They are produced from materials such... Read more
Nano-enabled packaging is an advanced packaging solution in the food and beverage industry that provides longer shelf-life of the perishable food product. Nano-enabled packaging is also beneficial in enhancing the taste, color, and texture of the packaged food product... Read more
Personal care packaging is materials used for the packaging of personal care products in order to protect it from contamination and other damages. These materials include plastic, flexible packaging, paperboard, glass, and metals. Some of the advanced packaging’... Read more
Lamination adhesive is a type of glue that holds the materials together and also provides excellent properties such as chemical & heat resistance, flame resistance, optical clarity, thermoforming capability, and electrical insulation. Moreover, they are also light... Read more
Caps and closures are used to seal or close the container such as a bottle, jar, can, and tube. They are widely used across the beverage industry to package the non-carbonated drink in order to prevent the entry of any foreign particles. They provide barrier ... Read more
Flexible Packaging Market 2017–2027 Flexible packaging is a packaging film that is produced from flexible materials which can be used to package different shapes and size of the product. It is made up of pap... Read more
Die Cut Lids Market 2017 – 2027 Die-cut lids are attractive and safe packaging solutions that are basically used to increase the shelf-life of the product. They are widely used to package the food products suc... Read more
End-of-line Packaging Market 2017–2027 The end-of-line solution is advanced machinery used in the overall production of the product. They can be fully automated or semi-automated. The fully automated system ... Read more
Temperature Controlled Packaging Solutions Market 2017–2027 Temperature-controlled packaging solutions are intended to maintain the proper temperature of the heat-sensitive products as it is an act as a... Read more
Latin America BFS Technology Market 2017–2027 BFS technology (Blow fill technology), is a type of aseptic technique that is used for liquid packaging in containers. This technology is used as an excellent fo... Read more
Functional Films Market 2017–2027 Functional films are polymer sheets that are used to improve the properties of the fragile substrate. They are widely used across solar cells and the automotive industry for... Read more
GCC Lubricant Packaging Market 2017–2027 Lubricant packaging is basically used to store the lubricants which helps them to retain their properties for the specific time period. Plastic is a highly preferred ma... Read more
On-the-go Breakfast Packaging Market 2017–2027 On-the-go breakfast packaging is an advanced packaging solution that offers convenience as well as easy transportation. This packaging solution can be classifie... Read more
Plastic Films Market 2017–2027 Plastic film is a polymeric material produced from different resins with a unique combination of properties. They are widely used across packaging, decoration, plastic bags, la... Read more
Sleeve Labels Market 2017–2027 Sleeve labels are widely used on almost all types of fast-moving consumer goods and can be classified into shrink sleeve labels and stretch sleeves labels. Shrink label is... Read more