There are many new opportunities for the packaging industry in the coming years. For instance, the EU wants to tackle the over-packaging of products. It is also focusing on improving life expectancy and on using personalized packaging technologies. Using sustainable alternatives to plastic packaging is another area that needs attention.
Growing life Expectancy
As the global population ages, the opportunities in the healthcare packaging industry will increase. This includes medical devices, diagnostics, and pharmaceuticals. The market is expected to grow by 7.4% per year through 2023.
Packaging is a big business, and it’s a growing one. There are many different types of packaging, from the paper to metal, and everything in between. Almost every product on the planet comes in some sort of packaging. However, the design of primary packaging isn’t necessarily optimal for e-commerce distribution.
Eka Global is a Thai company that has evolved into the leading longevity packaging maker in Asia. With headquarters in Thailand, two manufacturing plants in China, and an office in India, Eka Global has the right mix of global scale and local expertise to produce innovative packaging products for its global clients. It’s not trying to become the biggest or the best, but instead, the company wants to make its packaging as long lasting as possible.
A few years ago, the COVID-19 epidemic disrupted commercial operations. Since then, the healthcare industry has been on the lookout for the new and improved. For example, a Dutch company, Tconsult, has developed a TellApe app that gives real time insights into the state of the industry.
The biggest hurdle for producers is an increase in logistic complexity. Fortunately, modern monitoring and control systems can help. Combined with the advent of e-commerce, the industry is a growing one.
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While the healthcare packaging industry is not as crowded as it once was, there are still many companies to choose from. Some of the more notable companies in the space include 3M, Sealed Air Corporation, and CCL Industries Inc.
Sustainable alternatives to Plastic Packaging
Plastic packaging is one of the biggest challenges facing the world. A major reason for the problem is the rising number of fast food restaurants and delivery services. People are also buying more plastic products than ever before. This has led to a significant increase in the amount of single-use packaging that ends up in the environment.
In response to the growing waste, many companies are looking into sustainable alternatives. These can help reduce the environmental impact of their packaging.
One solution is to use recycled content, especially post-consumer recycled paper. Another option is to use renewable wood fibers. Biodegradable air peanuts are another popular alternative.
Other eco-friendly materials include cornstarch, which is derived from a corn plant. There are also organic fabrics, such as hemp.
Companies should start with small changes, such as using recycled materials, and work toward bigger changes as time goes on. They should also offer platforms for consumers to make informed material choices.
As the demand for sustainable packaging grows, it will be important for companies to shift their supply chains. Those who take the lead in the industry will be ahead of the curve. To do so, they should research their supply chain partners and find out if they are in line with their green goals.
New rules will require all new plastic packaging to have a minimum percentage of recycled content. This will help eliminate unnecessary packaging and put the industry on the path towards climate neutrality by 2050.
Companies should also consider using bioplastics, which are made from naturally biological sources. Some examples of bioplastics are polylactic acid (PLA), which is made from lactic acid produced during wet milling, or polyvinyl alcohol, which can be blended with aliphatic polyesters.
Personalized packaging technology
The packaging business has changed a lot in the past couple of years. New technologies are giving companies the opportunity to connect with customers and improve their product experience. This is especially true in the food and beverage industry. Personalized and bespoke packaging are becoming more and more common.
Packaging can be used to tell a story about a brand or to help ensure the safety of goods. It is also an important first step in the e-commerce chain. Companies need to keep up with current trends to be successful.
As more consumers turn to online shopping, companies are looking for ways to deliver products and services faster. This can be achieved through the use of QR codes or shipping boxes. In fact, the use of augmented reality is a marketing strategy that has been proven to increase product engagement.
Personalized packaging is also being used for a variety of other purposes. Some examples include creating a unique package style that guarantees a high quality product. Others are using custom stickers, gift tags, and boxes.
A recent study shows that 80% of shoppers will opt for a brand that offers a personalised experience. For many brands, this is a way to reflect their values.
Personalized packaging is also a great tool for marketing. For example, Coca-Cola started printing the names of people on their cans. This has helped them increase their sales.
However, personalized packaging can have a downside. In addition to increasing manufacturing costs, it takes up more time. Manufacturers are now embracing new technologies, including additive manufacturing, which can create complex designs on demand.
While there is no doubt that package personalization is a trend, it has only recently reached its peak. With increased consumer awareness, companies are making an effort to personalize their packaging to make sure their products stand out from the crowd.
End-of-line packing bottlenecks
End-of-line packing bottlenecks offer opportunities for packaging businesses to improve efficiency. They help increase productivity, lower operational costs, and produce a good return on investment.
One way to eliminate end-of-line packaging bottlenecks is to group orders. It’s easy and effective. For example, if you have 10 shirts to pack, then you can group them together into a single order. This method makes it much easier to track and monitor your products.
Grouping orders also helps keep packers focused on their jobs. This can be especially useful when they have oversized items that require them to be separated into different sections. By reducing the number of steps involved, workers can better utilize their skills.
Other ways to cut down on the amount of time it takes to pack orders include using automated technology. This reduces the need for unskilled labor and the costs associated with production.
The development of new end-of-line packing equipment is one way to meet growing expectations. Several companies have made the transition to automated technology. These automated solutions can process hundreds of orders per hour.
Another option is a hybrid approach. In this method, a human packer works alongside an autonomous machine. With this combination, workers are able to focus on their other tasks.
Lastly, manufacturers are increasingly adopting automation technology into their packaging systems. These technologies lower production costs by reducing the need for unskilled labor and specialized staff.
The end-of-line packaging market is predicted to grow significantly in the next few years. A key factor driving this growth is the increasing acceptance of end-of-line packing techniques. Additionally, companies are choosing customized solutions over off-the-shelf products.
Throughout the forecast period, the largest segment of the market is expected to be the food & beverages sector. This segment is projected to grow at a double-digit rate.
EU wants to tackle over-packaging
The European Commission has announced a new set of rules that will aim to make packaging more environmentally friendly. This includes new targets for recycled content in plastic drinks bottles. It also calls for the reuse of takeaway cups.
In addition to reducing waste, the proposal aims to promote recycling, and introduce a system to ensure that reusable packaging is reclaimed. These changes are intended to reduce EU dependence on primary resources, and create a secondary raw materials market.
Packaging is one of the largest consumers of virgin materials in the world. According to the European Commission, the packaging industry is responsible for more than half of all paper and plastic used in the EU.
Packaging accounts for roughly 36% of municipal solid waste, which is an extremely high percentage. Waste of this scale contributes to litter, incineration, excessive landfilling, and negative climate impacts.
The European Commission has taken a bold step to address this problem. Their plan is to eliminate most of the single-use plastic items that are commonly seen today. They also want to ban plastic wrapping around fresh fruit and vegetables.
Other initiatives include using recycled materials in new packaging, and making it easier for companies to recycle. Some industries, such as the hospitality sector, are opposed to the new proposals.
In order to achieve these goals, the EU needs to reduce the amount of waste that is being generated in the first place. Specifically, the EU wants to cut waste by 15% by 2040.
As the EU looks to reduce its overall packaging waste by 15%, some key measures will be introduced. These include phasing out hazardous substances, promoting reuse without compromising food safety, and improving the quality of recycling.
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