BIODEGRADABLE,
RECYCLABLE PAPER,
ALUMINIUM-BASED
PACKAGING OFFERS
OPPORTUNITY
Frost & Sullivan’s latest
analysis, Global Food and
Beverage (F&B) Packaging
Market, Forecast to 2030,
reveals that the need to reduce
material usage and develop more
sustainable, durable and lighterweight
packaging solutions with
lower production costs are key
drivers supporting steady market
development. Utilizing innovative
packaging materials, advancing
processing and additives through
technological improvements
and an uptick in eCommerce
distribution will further augment
market expansion. While revenue
is expected to increase modestly,
recording a compound annual
growth rate (CAGR) of 1.2% from
2018 to 2030, unit shipment by
weight is set to decrease in the
short term due to a sustained drive
for lighter-weight packaging.
“With rising concerns around plastic
pollution and stringent government
regulations, manufacturers are
seeking alternatives to plastic
packaging. This is resulting in
an uptick in use of paper and
aluminum-based packaging or
other non-plastic materials such
as biodegradable foods or resin,”
said Christopher Shanahan, global
director, Chemicals, Materials
and Nutrition, Frost & Sullivan.
“Paper and aluminum are both
recycled at high rates and are seen
as viable alternatives to plastic
with biodegradable plastic films
becoming more common as new
degradable resin is adopted.”
To differentiate themselves in a wellestablished,
highly consolidated,
and competitive market, packaging
material suppliers are focusing
on specific products such as
flexible materials, rigid plastics,
and coatings for sachets and
pouches. Minimising packaging
costs is a priority so there is strong
competition among manufacturers
to provide the most cost-effective
solutions to customers, including
eco-friendly, lightweight products.
“Although manufacturers have
PA C K A G I N G
30 OCTOBER 2019
interpack
PROCESSING & PACKAGING
2019-08-27 interpack 2020_Neuseeland_Image_102 x 286_New Zealand Food Technology_4c_8378
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www.messereps.co.nz
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