F&B Packaging Suppliers Focus on Sustainable Solutions and eCommerce Distribution to Expand
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"With rising concerns around plastic pollution and stringent government regulations, manufacturers are seeking alternatives to plastic packaging. This is resulting in an uptick in use of paper and aluminum-based packaging or other non-plastic materials such as biodegradable foods or resin," said Christopher Shanahan,Global Director, Chemicals, Materials and Nutrition, Frost & Sullivan. "Paper and aluminum are both recycled at high rates and are seen as viable alternatives to plastic with biodegradable plastic films becoming more common as new degradable resin is adopted."
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To differentiate themselves in a well-established, highly consolidated, and competitive market, packaging material suppliers are focusing on specific products such as flexible materials, rigid plastics, and coatings for sachets and pouches. Minimizing packaging costs is a priority so there is strong competition among manufacturers to provide the most cost-effective solutions to customers, including eco-friendly, lightweight products.
"Although manufacturers have already reduced the thickness of bottles and other packaging, they are now looking toward further downgauging and design improvements to make packaging more cost-effective," observed Shanahan. "For instance, designs such as droplet-shaped bottles have been shown to increase volumes without expanding the package weight."
F&B vendors can make the most of key opportunities in the market by:
Frost & Sullivan's recent analysis, Global Food and Beverage Packaging Market, Forecast to 2030, explores the factors and trends that have shaped the food and beverage packing landscape, the challenges that lie ahead, and the opportunities that can be tapped. The market is analyzed in terms of different packaging material segments, including flexible materials, rigid plastics, glass, metal, and other packaging materials used for containers and closures.
Global Food and Beverage Packaging Market, Forecast to 2030 is part of Frost & Sullivan's global Future of Chemicals, Materials and Nutrition Growth Partnership Service program.
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Global Food and Beverage Packaging Market, Forecast to 2030
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