Research shows that the development of the packaging and printing industry is being affected by these two factors
http://www.paper.com.cn 2022-08-26 Bisheng.com
According to Smithers’ latest report, The Future of Packaging Printing to 2027, sustainability trends include changes in design, materials used, processes used in the production of printed packaging and the fate of post-consumer use packaging. The combination of sustainability and retail changes related to the pandemic is driving the growth of the market.Pastry packaging box
By 2022, the global packaging and printing industry will be worth $473.7 billion and will print 12.98 trillion A4-equivalent sheets. According to the latest statistics developed by Smithers, it has grown from USD 424.2 billion in 2017 to further reach USD 551.3 billion by 2027, at a CAGR of 3.1% during 2022-27. The industry experienced a sharp decline in 2020 due to the impact of the COVID-19 pandemic, which adversely affected economic output and changed consumption patterns. Packaging production, however, recovered strongly in 2021, rising by 3.8% year-on-year in value, reflecting reduced global restrictions and improving economic conditions.Chocolate box
Demographic factors support the growth in demand for printed packaging. The global population is growing steadily, thanks to improved healthcare and higher standards of living, leading to lower child mortality, longer life expectancy and a growing middle class.Cookie packaging box
The changing retail landscape
The retail landscape is currently changing and traditional brick-and-mortar retailers are under considerable pressure. These stores are coming under pressure from low-cost “discount retailers” as e-commerce and m-commerce account for a rising share of total retail spending. Many brands are now exploring and implementing direct-to-consumer strategies, leveraging all the value of sales and building direct relationships with consumers. Digitally printed packaging may contribute to this trend, with less price pressure than traditional bulk-supplied labels and packaging.ramandon box
Evolving e-commerce
Emerging direct-to-consumer brands are benefiting from e-commerce due to low barriers to entry. To gain a foothold, these brands are attracting and retaining customers with new packaging designs that are driving the adoption of digital printing in packaging. Printed packaging is also benefiting from the need for more shipping packaging that supports e-commerce delivery.bakalave box
Global e-commerce sales have experienced tremendous growth during the COVID-19 pandemic. The industry will continue to expand until 2027, albeit at a slower pace. Consumer analysts report that brand loyalty has eroded as lockdowns and shelf shortages forced many consumers to try alternatives, driving lower-cost alternatives and new craft brands. Demand for low-cost alternatives will increase in the near to medium term due to the cost of living crisis triggered by the Ukraine war.macaron gift box
The emergence of q-commerce
With the expansion of drone delivery, the trend of q-commerce (quick commerce) will develop significantly in the next five years. In 2022, Amazon Prime Air will trial the company’s specialized drones for drone deliveries in Rockford, California. Amazon’s drone system is designed to fly autonomously, without visual observation, using an onboard sense-and-avoid system to support safety in the air and while landing. The impact of q-commerce will be to increase the popularity of e-commerce, further driving the demand for e-commerce related printing and packaging.stweets box
Legislation affecting the market
There are some major initiatives at the intergovernmental level to facilitate the transition to a low-carbon economy, such as the EU Green Deal, which will have a major impact on all industrial sectors, including packaging and printing. Over the next five years, the sustainability agenda will be the biggest driver of change across the packaging industry.custom packaging box
In addition, the role of plastic packaging has come under scrutiny because of its high volume and lower recycling rates than other packaging materials such as paper and metal packaging. This drives the creation of new and innovative packaging structures that are easier to recycle. Major brands and retailers have also pledged to drastically reduce their use of virgin plastic.
Directive 94/92/EC on packaging and packaging waste stipulates that by 2030 all packaging on the EU market must be reusable or recyclable. The directive is now being reviewed by the European Commission to strengthen mandatory requirements for packaging used on the EU market.chocolate gift box
Post time: Mar-18-2023