Plastics, a sustainable solution for the future

Leaders of the European Plastics industry met in Brussels on Wednesday, July 24th to discuss the future of sustainability efforts and the EU investing in its future. Working jointly, Plastics Construction Solutions, European Plastics Converters and PlasticsEurope brought together more than one hundred participants. Opening the conference, Czech Member of European Parliament Martina Dlabajova, Recipient of the 2015 MEP Awards in “Employment and Social Affairs” focused on the plastic industry and employment in the building and construction sector – she focused on the European Commission’s agenda on job growth, investment, and energy efficiency.

She emphasized that the plastic industry brings high-quality jobs to the European Labor market. The building and construction sector is the second biggest market for plastics in the Europe. A demonstration of flooring installation during the conference emphasizes the importance of the role of plastic in modern building. While plastics bring solutions; creating a sustainable ecological line of innovative plastic building supplies is a challenge but an opportunity that the industry can address head on.

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Source: Packaging Europe

Flexible Packaging Market to Reach US$99.10 billion in 2019

Aided by escalating demand from Asia Pacific and rest of the world, the global flexible packaging market is anticipated to reach $ 99.1 billion by 2019, according to a new Transparency Market Research (TAM) report. Based on volume, the demand for flexible packaging is expected to reach 24,728 kilo tonnes (KT) by 2019 from 18,666 KT in 2012.

In the last couple of years, flexible packaging has led the food packaging industry from the forefront. Touted by leading analysts to be the fastest growing segment in the packaging industry, flexible packaging is poised to develop at a steady 4.4 percent CAGR, added the report.

The report has identified Asia Pacific as the most lucrative regional market for flexible packaging. Other key regional segments of the global flexible packaging market include Europe, North America, and rest of the world.

The flexible packaging market is aided by the continuously increasing demand from end-use industries such as personal care, healthcare, pharmaceuticals, and food and beverages. According to the report, the healthcare industry accounts for the maximum demand from the flexible packaging market in the last couple of years. Furthermore, the food and beverages industry will significantly contribute to the expansion of the market in the foreseeable future. Initiatives adopted by the pharmaceutical industry for the maintenance of hygiene and retention of medical properties in drugs will give an incredible thrust to the flexible packaging market in the pharmaceutical industry, which is expected to reach $11.09 billion in 2019, as per the TAM study.

The key materials used in flexible packaging, such as PVC, paper, aluminium, polyamide, polypropylene, and polyethylene, makes it durable and lightweight. It is due to such aesthetic packaging materials that flexible packaging has created a niche market, which is helped massively by steadily rising consumer demand. Owing to durability and cost-effectiveness, the use of plastics has been dominant in the flexible packaging industry.
Source: CSO

TechNavio: Green Packaging Market to Jump Nearly 8% by 2019

The global green packaging market is expected to grow at a CAGR of 7.84 percent from 2014-2019, says research firm TechNavio.

Growth will come in large part from the growing demand from the food and beverage industry, the largest consumer of green packaging materials.

As demand for eco-friendly packaging materials increases, leading manufacturers of food and beverage products — including Cadbury, Coca-Cola, ConAgra Foods, Nestle and Pepsico — now use sustainable packaging materials that preserve food and its nutritional value. This gives them a competitive advantage over other market players, says Faisal Ghaus, VP of TechNavio.

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Source: Packaging World