In the report, "The Future of Rigid Plastic Packaging to 2022," Smithers Pira forecasts that global rigid plastic packaging consumption will be worth $166 billion in 2017, and exceed $200 billion at the end of its study period in 2022. Volume consumption of rigid plastics globally will reach 52.9 million tonnes in 2017, and is projected to grow over the next five years at an annual rate of 3.7% to 63.4 million tonnes.
At 92 million strong, the millennial generation is the largest in U.S. history. Currently holding over $600 billion in annual purchasing power, millennials’ buying power is predicted to reach $1.4 trillion annually by 2020 and $11.3 trillion by 2030. Like it or not, millennials are taking over the joint.
The global sanitary food and beverage packaging market is likely to grow at a CAGR of nearly 6% during the forecast period 2017-2021, according to Future Market Insights (FMI). Increasing emphasis on maintaining food safety during the supply chain is promoting investments by manufacturers.
Bonding and creating memories with family and friends over ice cream is a tradition that motivates the Lindner family, owners of the United Dairy Farmers Stores and Homemade Brand Ice Cream. With competition growing from national and regional competitors, UDF reached out to San Francisco-based Perspective: Branding to harness the unique emotion of the brand’s story.
U.S. Tsubaki Power Transmission LLC announces the newest product to be launched in conjunction with Tsubakimoto’s 100th Anniversary: lube-free Lambda® Chain, with NSF-H1 high-temperature, food-grade lubricant impregnated into the bushings to improve chain performance and extend wear life.
According to a report published by Allied Market Research, the organic food and beverages market is projected expected to reach $327,600 million by 2022, growing at a CAGR of 16.4% from 2016 to 2022.
Uncertainty about the availability and price of aluminum foil used for packaging applications, in response to the antidumping duty (AD) and countervailing duty (CVD) investigations led by the U.S. Department of Commerce, is prompting CPG companies and converters to consider alternative substrates and creative solutions. Toray Plastics (America) Inc. offers MET OPP and MET PET films available to replace foil.
Charta Global has added the Enza Kraft to its full line of specialty papers. The new machine-glazed kraft paper with excellent strength properties is ideally suited for food and non-food protective packaging, and various technical and industrial applications.
The Champaign, IL manufacturing facility of Silgan Closures has been awarded the prestigious 2017 Illinois Governor’s Sustainability Award recognizing the plant’s efforts designed to improve safety, minimize waste, cut energy consumption and lower emissions.
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