Visiongain has released findings indicating that the global food and drink packaging market is purported to reach $329 billion by this year. A variety of consumer trends such as societies that are focusing on gentrification, increased awareness about the environment, and busier lifestyles are the main factors behind the rise of food and drink packaging.
The emergence of growth in the market has a huge impact on the demand for food and drink packaging. This is due to the rate of incomes increasing in different sectors and growing urbanisation that is pushing and enabling consumers to buy packaged foods and drinks. It is expected that food and drink packaging markets in developed countries are not likely to increase growth in the projected forecast period. This is because the economic situation is much bleaker and the current markets are already saturated at present.
According to the Visiongain author of The Food and Drink Packaging Market 2012-2022 report, “as food products are necessary goods, food packaging markets are expected to maintain their current growth rates in developed markets, and strongly grow in emerging markets. Drink packaging is expected to benefit from the rising income per capita levels in emerging economies, but may lag in developed regions if consumer confidences are further damaged by poor progress in the Euro-area crisis.’
Visiongain examines value when assessing the food and drink packaging market. They also take into account six material submarkets. These are rigid plastic, glass, flexible plastic, paper, metal, and other. There are also separate reports for every material food packaging and material drink packaging submarket. Eight regional markets are analysed by the report. These are North America, Oceania, Western Europe, Africa, South and Central America, Asia, Russia and Eastern Europe, and the Middle East.
Visiongain also analyses the 15 leading national food and drink packaging markets.
This tremendous growth in food and drink packaging is really no surprise considering that there are more people on earth right now than there were ever in history. There is a huge demand for food and drink 24 hours a day, 7 days a week and businesses and corporations need to work day and night in order to meet it.
Naturally, food and drink needs to be packaged. But it is not that simple. The environment has taken a hit due to the way that we have treated it throughout the years. Thankfully, there are scientists, ecologist and environmentalists that are coming together every day formulating ways to combat climate change. Everything from the way food and drink are harvested, manufactured, produced and packed have been taken into consideration.
The truth is that we are never going to see a change in the environment if we do not make a conscious effort to change the way we do things. If you own a food and drink corporation or even a small business or know somebody who does, you can help bring about change by raising awareness on how food and drink should be packaged for environmental purposes.
There should be a shift from plastic to paper, and wherever possible, food should be packaged in wholesale and not individually. It is also idea to do away with plastic bottles and use glass instead, which is a recyclable material. For sourcing of ingredients, purchasing locally is the way to go so that the carbon footprint created is as minimal as possible.
It is not too late to see a change in the environment. It all starts with baby steps. From being aware to translating our awareness into concrete steps of action, soon we will see a visible change.
Article courtesy of Kite Packaging