By Aakash Choudhary*
Food and drink packaging Industry gives damage resistance, protection, along with particular biological, chemical, and physical needs for the food and drink. Moreover, food packaging helps reliable and quick food distribution and food nutrition, coupled with decreased post-harvest loss.
There has been increasing demand for microwave meals, ready-to-cook foods, for people engaged in a busy lifestyle. Increasing demand regarding bottled water, tea, and aerated soft-drinks is pumping the demand in the global food and drink packaging market.
In 2009, Coca-Cola introduced the world’s first PET PlantBottle produced from recyclable materials. This jug is produced utilizing patented innovation that utilize sugarcane and waste from the sugarcane manufacturing process. Since the launch, the organization has delivered over 35 billion PlantBottles crosswise over 40 nations. The organization estimated to have diminished carbon footprints by 315,000 tons utilizing these jugs. Such activities won’t just lessen carbon impression and help an organization to build up as an environment-friendly brand, yet additionally guarantee in-time product delivery.
Bio-on, an Italian Biotech giant, in 2016, made biodegradable cartons made up of bioplastic and paper partnered with Tampere University of Technology, Finland. The containers are safe for usage for medical and food and drinks applications and are completely biodegradable.
Ongoing consolidation in the food and drink packaging market has additionally expanded the demand for food and drinks packaging globally. The key players working in food and drinks packaging market incorporate Ball Corporation, Tera Pak, PARKSONS Packaging Limited; Amcor Limited, Crown Packaging Corp., Ampac Holdings, LLC, Cellpack Packaging, Bischof +Klein GMBH and CO.KG, Britton Group, Bemis Company, Inc., Clondalkin Group., Constantia Flexibles International GmbH, Huhtamaki Oyj, Flextrus AB, Mondi plc, Sonoco Products Company, Sealed Air Corporation, Ukrplastic and Wipak Group.
Increasing Demand for health Awareness to Boost Market Growth
Buyers’ prediction towards convenience and low costs of big family packs in CSD are boosting the solid development of plastic jugs. Packaging needs from the mixed drink market gives energy to the market of glass containers packaging. Also, growth in buyers’ interest for premium beer, low ABV (Alcohol by volume), are giving new chances to glass packaging in the developed market of Europe and North America.
Among the other significant factors of the food and drink packaging market incorporate the rising need for health awareness and convenience among the consumers, creating recycling framework of packaging material, new packaging material advancement, brand upgrade and improvement in the field of the retail sector in Asia-Pacific. The region is known to be the biggest makers of horticultural foods, for example oats, tubers, roots, pulses, oilseed nuts, fruits and vegetables. It likewise produces fish and animal products in huge amounts. This offers an unbelievable open door for packaging companies in the mentioned region. Rising crude material expense is one of the key obstacles for the food and drink packaging market.
* Author is PR Manager, Transparency market research