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Package Sustainability Now an Expectation

Smithers Pira’s report, “Ten-year Forecast of Disruptive Technologies in Sustainable Packaging to 2026,” says, “Sustainability will become an increasingly important factor for decision makers at all stages of packaging value chains. Sustainability is now a fast-growing and vitally important area of concern for packaging and addresses economic, environmental and social objectives.”

“The trend toward sustainability is an important influence on the packaging industry. Consumers, manufacturers and retailers are all demanding more sustainable systems, which are formalized in corporate social responsibility goals and publicized in product marketing,” says Dr Terence A. Cooper, author of the report.

“Consequently, sustainability is no longer just nice to have, but is now seen as a necessity for attracting consumers and protecting market share – i.e. it is now an expectation, not a differentiator.”

Smithers Pira’s report makes the following points:

• Mechanical recycling and sustainability are not synonymous and many different factors contribute to the carbon footprints of different packaging types and materials.

• The most important rigid packaging plastic is PET, followed by polyethylene (PE); PET and PE combined account for about 65% of plastics used for rigid packaging. Polypropylene is next. In contrast, the most important plastic material used for flexible packaging is PE, followed by PP and PET.

• There is presently no package that is completely sustainable and the various packaging materials (including plastics, paper, paperboard, metals and glass) all have advantages and shortcomings depending upon the product application.

To read the entire article, click here: http://www.healthcarepackaging.com/sustainability/strategy/package-sustainability-now-expectation

Source: Healthcare Packaging

Cosmetic Packaging market worth $37.25 Billion by 2022

The global cosmetic packaging market is expected to reach $37.25 billion USD by 2022, according to Grand View Research. Driving increase in cosmetic and beauty products is the advancement in packaging technologies. This will be a key driver over the next several years. The light weight property, as well as the durability of flexible packaging in countries like China, Brazil and India is also expected to propel industry growth over the forecasted period. Also expected to see significant gains in the cosmetic industry is rigid packaging. Rigid plastic accounts for 35% of the global revenue as they are non-corrosive, light, and cheap. There is an increase demand for rigid plastics in hair care and skin care applications due in part to its superior properties of high impact strength, high stiffness, and high barrier properties.

 

Further findings from the report indicate a boom in fragrances, this growth is expected at CAGR of 6.3% from 2015 to 2022. There is a large demand from perfumes, deodorant, soaps, body washes and moisturizers for flexible and rigid packaging. In addition to the demand for cosmetic packaging for fragrances, there is a demand from cosmetic manufacturers like Unilever, Johnson & Johnson and Procter & Gamble in the United States for bio-base plastics and paper packaging as a departure from glass and can packaging. Also expected to see a significant rise are pouches. The ease of use and superior properties, including chemical resistance and high barrier ability, is a huge benefit for cosmetic packaging. This particular segment is anticipated to generate revenues exceeding $1.6 billion by 2022. Lastly, the cosmetic packaging market is fragmented in nature with key players like Amco, Mondi PLC, Bemis, Donoco and Ardagh Group making up 30% of the global share in 2014. With the introduction of bio-base packaging for cosmetics, we will see an outgrowth in the industry. The reduction of weight by replacing glass bottles will reduce energy required to produce and transport them will encourage growth.

 

 

 

For more reading please visit:

http://www.econotimes.com/Personal-Care-Packaging-Market-Worth-$3725-Billion-By-2022-Grand-View-Research-Inc-165858

 

Source: Econo Times