H.B. Fuller has multiple projects involving its scientists designing and engineering technologies that contribute to the circular economy and help its customers “reduce, reuse and recycle,” ranging from formulating adhesives using fossil-free raw materials to developing new, naturally, and responsibly sourced adhesive raw materials.
According to ForMarkets, the global RTD (ready to drink) market is predicted to reach $17.67 billion by 2025, with a growth rate of 7.2% between 2018-2025. As the RTD category continues to grow, consumers are reaching for convenient, better-for-you sources of energy — via protein or caffeine — in sophisticated packaging.
The beverage packaging and processing industry is experiencing major growth, according to the 2018 Beverage Trends in Packaging and Processing report by PMMI, The Association for Packaging and Processing Technologies.
The global beverage can market is expected to grow at a CAGR of above 3 percent during 2018-2022, according to a study by Technavio. The need for metal cans is one of the factors driving the growth. Due to the various advantages of metal encasing products, metal packaging is preferred over other packaging types.