2020 Latest Trends in the Packaging Industry



Owing to increased urbanization as well as consumerism, the packaging industry has witnessed significant growth over the years. With applications that cut across a wide range of industries, Packaging materials suppliers, as well as manufacturers in India have contributed greatly to the economic development of the country through jobs, exports, as well as manufacturing output.


According to the popular organization, Smithers Pica, the Packaging industry is expected to be hit the $1 Trillion mark as we step in this new decade. At the midpoint of this decade, the industry was nearly $839 Billion Dollars. This forecast reassures the business world about the immense potential that the packaging industry possesses!


 However, it is important to understand that as the industry grows, so do the challenges that it faces. In markets like India, there are many challenges the industry faces like shortage of skilled workforce, rapid innovation, rising input costs to name a few. The new decade will usher in new trends that will lead to the rise of the Packaging industry.


Some of these trends that we expect will dominate are:


  • Recycling and Minimizing Environmental Impact

Recyclable Packaging Materials

Just like in every other industry, environmental concerns are at the center of innovations taking place. Packaging has contributed greatly to plastic wastage and owing to the severe impact that plastic pollution causes, it is the need of the hour to introduce reusable and recyclable packaging solutions that minimize the industry’s environmental impact.


Many companies have started introducing 100% recyclable packaging materials. Some of them include innovative ideas like edible packaging. Further, it is the responsibility of the packaging material manufacturers as well as that of authorities to come together and educate customers about the advantages as well as the method of recycling.


  • Less is More

Minimalism & Attractive Product Packaging

 

For more information about this Blog Visit Our Site: Meghmani

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