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 the 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 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
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
As brands and businesses move forward, more of them are moving towards minimizing information and design elements on packaging so as to make it more direct, easy to remember and most importantly, attractive. Packaging Material Manufacturers are investing heavily in the “less is more”. Owing to the increased sharing of minimalistic, yet aesthetically pleasing designs on social media platforms like Instagram, organizations have realized the power of minimalism and attractive product packaging.
The number of smartphones in circulation is expected to cross a staggering 5 Billion users in 2020. Companies like Alibaba and Amazon in a global context and those like Flipkart and Myntra in an Indian context have disrupted the purchasing behaviour of customers.
The onus now lies on packaging material manufacturers to develop products that are durable and resistant to the extremes of eCommerce Supply Chain Management. For example, Amazon has introduced a concept of 3-foot drop testing for liquids. The test demands that if dropped from a height of 3 foot, there should be no spillage of the liquid. Thus, for packaging suppliers and manufacturers to continue growing sustainably, it is imperative for them to introduce solutions that are durable and can work perfectly within the eCommerce model.
Uniworth Enterprises LLP is one of the leading packaging material manufacturers and suppliers in India. The organization, a part of the $550 Million Meghmani Group of companies, offers a wide range of products that include high-quality pharmaceutical packaging films. Every product manufactured by Uniworth undergoes rigorous adherence to global standards. We, at Uniworth, ensure full compliance with the best industry practices. Our customer base transcends the Indian subcontinent through customers all over the world.
Equipped with cutting-edge technology, the organization carries out operations from a state-of-the-art manufacturing facility. At Uniworth, the food-grade packaging materials and PVC films are also manufactured on the excellent calendar lines along with special care and under controlled environment along with stationary packaging. The films produced by Uniworth Enterprises LLP have a high degree of a barrier to oxygen, other gases, as well as moisture. Available in a variety of thicknesses and coating level, they are capable to withstand extreme temperature and pressure. Lastly, the films are completely non-toxic and devoid of any taste or odour.
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Frequently Asked Questions:
Q. What is the best solution for “Zero-Waste Packaging”?
A. Custom Packaging is a fabulous soltion for Zero Waste Packaging.
Q. How big is the packaging industry?
A. According to McKinsey, The packaging sector generates $900 billion in annual revenues globally.
Q. What are the characteristics of good packaging?
A. Attrative, Economical, Communicative, Protective, and Environment Friendy.