Packaging

Packaging is a process of protection, aggregation, containment, convenience and information that not only safeguards the contents during material handling, storage, and supply chain logistics but also provides information on the contents of the package. Choosing the right packaging type for any product is determined by its labeling, opening, size & durability requirements. In most cases, the nature of the packaged product, the purpose of packaging, distance from source to end users, material handling chain, and product sensitivity govern the packaging type & material of any product. Glass, metals, plastics, rubbers, paper & paperboard, fibrous materials, blister packs, textiles, foils, and laminates are the typical prevalent packaging materials. Food and pharmaceutical packaging products are critical for purity, anti-leaching, and barrier properties.

The packaging market is experiencing significant changes in terms of sustainability, circular economy, and alternate materials. Stringent regulations to achieve decarbonization & emission control, renewable raw material availability, advanced printing methods, ever-evolving label designing & customer needs have contributed to a paradigm shift in the packaging industry. Clean labels, informative labeling, and process automation are the key megatrends in the industry.

Drivers:

• High growth in the renewable feedstock market
• Regulatory norms pushing for circular economy and reduction of carbon footprint
• Evolution in packaging materials and labeling technology
• Heightened consumer awareness and the demand for clean labels
• Printing advancements and technologies enabling diverse label printing and marketing methods
• Renewable packaging and recycling are at the forefront of the packaging market
• Reducing the dependence on crude oil-based packaging