Plastic packaging gaining momentum in Mexico

Smithers Pira is forecasting Mexico to have the highest percentage of plastic packaging growth in North America. The gain on average is expected to be 3.1% every year until 2017. The increased demand for plastics in Mexico is driven mainly by the food and beverage markets. The health and beauty and chemical industries are also seeing growth in plastic packaging.

It is anticipated Mexico’s flexible packaging market will grow at an average of 8.7% a year, reaching a value of $3.13 billion in 2018. According to Smithers Pira, flexible plastic packaging is expected to continue to gain popularity, experiencing the highest growth 
rate across all the packaging segments.

More consumer packaged goods companies are investing in Mexico due to the country’s growing middle class and to take advantage of low-cost labor. Mexican manufacturers are the second largest importers of U.S. packaging and processing machinery, according to the U.S. Census Bureau’s Quarterly Import/Export Statistics for Sept. 2013.

“Mexico’s middle class is expanding,” said Enrique Guzman, director of the Latin America office of PMMI, the Association for Packaging and Processing Technologies. “And
 its economy is forecast to grow 
at 3.4% this year, making it the fastest-growing among the largest economies in North and South America,” according to show organizers. Expo Pack México is part of the Pack Expo family of trade shows.

Source: Plastics Today

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3 Trends That Will Define Sustainable Packaging in 2015

According to a report by U.S.-based market intelligence company Transparency Market Research, the green packaging market is expected to surpass US $178 billion by 2018.

Trend 1: Plant-based Plastics – Moving Beyond Petroleum-Derived Plastics
Plant-based plastics, or bioplastics, are poised to play a greater role in packaging and will play an even greater role in shaping consumer attitudes towards brands. Companies such as Coca-Cola are plunging deep in the bioplastics domain. According Coca-Cola‘s website, as of June 2014, over 25 billion of its PlantBottle™ packages are in the market in about 40 countries. Coca-Cola claims this has translated into 525,000 barrels of oil being saved. Initiatives such as Coca-Cola‘s will be gaining attention in 2015; companies need to take awareness of this trend aimed at reducing dependence on plastics derived from fossil-based resources.

Trend 2: Lean is Mean – Put Your Packaging on a Diet
The big brands have already set goals to reduce packaging at the source;  2015 will be the year the mid-size and small brands will feel the pressure to also reduce packaging at the source. The approach brands will need to take is: decrease the size of packaging, make it lighter, and use fewer materials. Phasing out heavier materials like glass and switching over to other environmentally-friendly rigid packaging alternatives will be the focus.

Trend 3: Recycled Packaging – It’s About Making the Best of Waste
Every day, millions of tons of waste is generated in the process of manufacturing and transporting packaging materials. What this means for brands, is that consumers are likely already aware of these environmental issues through the media. They want to know where a brand’s packaging material has been sourced from, what materials have been used for packaging, or whether the packaging can be recycled.

Source:  Business 2 Community
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Top five packaging trends for 2015

The five trends that will impact packaging and associated industries in 2015 are: the growing importance of sustainability; the demand for supply chain transparency; the rise of new barrier/coating packaging technologies; the continued emphasis on lightweight packaging; and the importance of delivering frustration-free packaging.

The growing importance of sustainability

Because sustainable packaging is now prompting consumers purchasing preferences, sustainable packaging has significant environmental and business implications for companies. Businesses should be proactive in implementing procedures that advance a product’s packaging sustainability; if not, they risk the possibility of losing customers to competitor brands that are prioritizing sustainability in their packaging.

The demand for supply chain transparency
Supply chain transparency is an important area companies must focus on to avoid potentially costly environmental and legal infractions that could damage a company’s reputation and overall relationships with consumers. Businesses should address how they are implementing supply chain traceability in terms of sourcing, manufacturing, transport and end of life cycle.

The rise of new barrier/coating technologies
According to a Smithers Pira report, paper and corrugate are going to see tremendous growth in the next several years. The focus will be on developing new barrier technologies that are renewably sourced, readily recyclable and/or biodegradable.

Source: Greener Packaging

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