According to the Business Association of Stanford Entrepreneurial Students, 84% of professionals working for fast-moving consumer goods are under more pressure to quickly bring new products to the market than they were five or 10 years ago.
Packaging trends are already coming out for 2020. It makes sense, since they stem from the previous year’s designs, shifts in consumer demand and what the market is working on in the corporate realm.
Based on the new State of the Industry U.S. Packaging Machinery Report infographic by PMMI, The Association for Packaging and Processing Technologies, domestic shipments of packaging machinery is forecast to grow at a nearly 4% CAGR through 2024.
The recycled materials packaging solutions market was valued at USD 217.45 billion in 2018 and is expected to reach USD 281.86 billion by 2024 at a CAGR of 4.67% over the forecast period 2019-2024.
The fight is still on — agriculture and dairy industries vs. plant-based food and beverage companies over the terms “burger,” “milk,” “cheese” and others.
Even before birth, gender norms are thrust on all of us, from gender reveal parties to pink and blue blankets. Gender has traditionally been treated as a foundational building block of our identities.
It seemed like an exciting product development opportunity. Building material suppliers in cold climates were moving packaging operations outdoors. They needed equipment that could operate in an open shed or shelter to bundle their bricks, blocks and masonry products.
Most of these innovations, from gable-topped milk cartons to a plant-based Coca-Cola bottle, drive consumer demand for sustainable packaging. A McKinsey & Co. study suggests the trend will continue even as the packaging sector is disrupted by five trends
I have dogs — three to be exact. And not much is more important to me than my dogs’ health. Yet here we are with another — major — potential pet food recall. Sixteen brands are under the FDA’s watchful eye; most are grain-free versions but the players are some of the higher-end (and more expensive) brands.