Despite being surrounded in controversy, the U.S. cannabis industry is experiencing rapid growth. Experts estimate legal cannabis will grow from $7.3 billion to $24.5 billion between 2016 and 2020. Currently, 65 percent of cannabis sales stem from medical marijuana.
Environmentally conscious consumers are looking for packaging that uses fewer resources and less energy than other forms of packaging. Flexible packaging minimizes transport costs between the converter, packager/filler, retailer and end user.
Packaging innovations are helping to drive growth in the beverage market, according to the “Beverage Packaging and Innovation Trends” report published by PMMI, The Association for Packaging and Processing Technologies.
Packaging machinery sales in the U.S. grew 4.8 percent in 2016, reaching a total of $9.8 billion, according to the “2017 State of the Industry – US Packaging Machinery” report, produced by PMMI, The Association for Packaging and Processing.
Global Pouch West returns to the heart of West Coast packaging activity in the fourth year of this growing conference focused on flexible packaging in the Western states.
More than two decades ago, PMMI, The Association for Packaging and Processing Technologies, welcomed the packaging industry to the Las Vegas desert with a goal to convene end users and suppliers in the odd number years in between PACK EXPO International in Chicago...
In its recently released market research reports “2017 Trends in Food Processing Operations” and “2017 Top to Top Summit Report,” PMMI, the Association for Packaging and Processing, identified the primary drivers.
In addition to the health problems that tainted food can cause consumers, and the damage to the brands’ and retailers’ reputations, a food recall can cost a food company $10 million or more in direct costs, business interruption and lost sales.
While PET bottles represent the largest volume share of pack types in North America, pouches will see the greatest forecast CAGR of 5.7%, adding nearly 2 billion units sold through 2020, according to the 2017 Global Packaging Trends Report.