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Four Key Trends Driving Flexible Packaging

 

The global market for flexible packaging is forecast to grow at an average rate of 3.4 percent annually over the next five years and reach $248 billion by 2020, according to a new report from Smithers PiraThe Future of Global Flexible Packaging to 2020.

 

Four key trends are driving the flexible packaging market:

 

Downgauging
The combination of environmental pressures and high polymer prices are increasing demand for thinner films. Flexible packaging uses less resources and energy than other forms of packaging. It provides significant reductions in packaging costs, materials use and transport costs and has certain performance advantages over rigid packaging.

 

High-Performance Films
Food packaging films are trending toward high-performance film structures that are less permeable to increase shelf life and enhance flavors. The ongoing success of flexible packaging as a replacement for glass and metal packages can be attributed directly to the substantial improvements in barrier properties of plastic films and particularly clear plastic films.

 

Consumer Convenience
Ready meals that are available in new flexible packaging formats are in a prime position to take advantage of the current social trend toward convenient mealtime solutions.

 

Packaged fresh meat, fish and poultry consumption will grow at a faster rate than unpackaged produce to 2020. Growth in the pre-sliced sector and in premium lines has promoted growing demand for modified atmosphere (MAP) packaging. Demand for chilled food is also being driven by a greater variety of ready meals, fresh pasta, seafood and exotic meats.

 

Bio-Derived and Bio-Degradable Technologies
The proliferation of bio-based plastic films continues with polylactic acid (PLA), polyhydroxyalkanoates (PHA) and poly-trimethylene terephthalate (PTMT) showing the most promise on the materials side of the equation, and thermoplastic starch (TPS) films on the petroleum replacement side.

 

Read more: http://whattheythink.com/articles/75676-four-key-trends-driving-flexible-packaging/

 

 

Source: What They Think

 

The Future of Food Packaging

A new report from Mintel has identified six trends that will transform the global packaging industry in 2016.

 

The rise of digital printing – Companies will use the customization and quick turnaround capabilities of digital printing to leverage their brands with consumers.

 

Package transparency – Consumers prefer clear, easy to read details regarding ingredients and other product information.

 

Flexible is in – Stand up pouches may be peaking in favor of packaging featuring rigid and flexible components. Brands are looking for packaging with functional and sustainable benefits and a strong shelf presence.

 

Beyond sustainable – 63% of consumers prefer packaging that is reusable or recyclable. If the price and quality of a product are equivalent, sustainability may be the determining factor.

 

Size it up – Consumers want a wider range in pack sizes. Companies offering product in a trial size are more likely to gain new customers.

 

Going mobile – Brands are using new technology, such as nearfield communication and Bluetooth low energy to connect with consumers.

 

To read the entire article, click here

http://www.foodbusinessnews.net/articles/news_home/Consumer_Trends/2015/12/The_future_of_food_packaging.aspx?ID=%7BEDBF2A06-7EEF-44E3-B07C-3FF51C09E048%7D&cck=1

 

 

Source: Food Business News