The retailer's five new sustainable packaging goals reflect guest expectations, business priorities, industry challenges and areas the retailer can drive the most change.
The global smart packaging market is expected to grow at 5.4% CAGR, hitting about US$52B by 2025. Market drivers include growing market for sustainable printed electronics, the Internet of Things and cloud computing, and rising food safety concerns.
Speed scratch cooking – taking semi-prepared, healthy ingredients and creating a homemade meal – along with zero waste, drinkable soup, grass-fed dairy, microgreens, sea plants, vinegar seen as top trends by industry expert Mareya Ibrahim.
Bolstered by consumer preference and inherent cost savings.
January 27, 2017
As sustainability issues move to the forefront of the national conversation, we reached out to Tom Egan, vice president, Industry Services, PMMI, The Association for Packaging and Processing Technologies, to find out what the future might hold for sustainability initiatives in the consumer packaged goods industry, what considerations brands must heed and what resources are available to brands looking to make a difference.
New packaging formats, sizes and designs, as well as product offerings, are disrupting grocery stores everywhere, leaving behind the popular foods of just 10 years ago.
As brands seek to tap into sustainability and wellness trends, brand owners can make significant strides in the arena with clean labels, transparency – both figuratively and literally – and by striving to reduce their carbon footprint throughout the supply chain.
The global flexible packaging market is projected to expand at a CAGR slightly over 5% during the forecast period (2016-2024) due to various factors, as revealed in Transparency Market Research's (TMR) lastest report, Flexible Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.