Technavio market research analysts foresee positive growth for many segments of the packaging industry in the next five years. In their recent findings, Technavio talks about three booming markets under the packaging industry that are anticipated to generate considerable revenues and grow at a consistent rate during the forecast period.
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GLOBAL GREEN PACKAGING MARKET 2017-2021
The global packaging industry is highly innovative because of the technologies used to enclose and preserve products during storage and sale. Green packaging technology uses different types of materials such as paper, plastic, glass, and metal, which can be easily bent or molded as needed. One of the major advantages of ecofriendly packaging is that it produces less toxic emissions. With increased environmental concerns, the need to reduce toxic emission and strict government regulations, green packaging is increasingly being adopted by the healthcare and personal care industries and food and beverage industries. Moreover, the number of consumers preferring packaging materials that are environmental friendly and sustainable has increased. Vendors are investing in R&D to develop materials that can be recycled and can endure the effects of friction, moisture, and heat. Numerous technological and design innovations have been introduced in the market, which has augmented the number of new products being offered by vendors. Request a sample report
Global Beverage Packaging Market 2017-2021
One of the major trends gaining traction in the global beverage packaging market is the emphasis on light-weight packages. Due to the immense growth potential of the market, several vendors have entered the market and are focusing on light-weight packaging products. Advances in technology and innovations in flexible packaging materials such as the use of ionomer films have reduced the weight of packages by 40%. Sidel, one of the leading vendors, launched pasteurizable lightweight PET bottles for beer with a non-petaloid base in 2014. In 2013, Ball Corporation introduced lightweight cans in Europe. These new beer cans contain 25% recycled aluminum and are 10% lighter than their previous version. Request a sample report
Global Retail Glass Packaging Market 2017-2021
The global retail glass packaging market is expected to contribute a revenue of around USD 63 billion by 2021. The demand for glass packaging remains strong in different end-user sectors such as luxury goods, craft beer, wine, and pickled food. It has retained its demand in the pickled food sector due to its high barrier attributes, which help maintain a long shelf-life and preserving flavors for a longer duration.
One of the major trend gaining prominence in the market is the growing demand for premium alcoholic beverages, which is increasing the intake of beer. The rise in the global beer consumption is expected to drive the sales of glass packaging material as beer is sensitive to UV light and requires glass packaging, Request a sample report
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