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3 Trends That Will Define Sustainable Packaging in 2017

04-24-2017 08:12 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: TMR - Packaging

Trend 1: Plant-based Plastics – Moving Beyond Petroleum-Derived Plastics

2015 may well be the year when it dawns on us that our lives will not come to a standstill if petroleum-based plastics were to disappear from the market. Plant-based plastics, or bioplastics, are poised to play a greater role in packaging and will play an even greater role in shaping consumer attitudes towards brands.

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Initiatives such as these will be conspicuous in 2015, and brands need to take cognizance of this trend that’s geared toward reducing dependence on plastics derived from fossil-based resources.

Trend 2: Lean is Mean – Put Your Packaging on a Diet

We know that the biggest brands have already set goals to reduce packaging at the source, and 2015 will be the year when mid-size and small brands will feel the pressure to follow suit. The three-pronged approach brands will need to take is: Make packaging size smaller, make it lighter, and use fewer materials while doing so. Phasing out heavier materials such as glass and switching over to other environmentally-friendly rigid packaging alternatives will be the focus.

Trend 3: Recycled Paper Packaging – It’s About Making the Best of Waste

Every day, millions of tons of waste is generated in the process of producing and transporting packaging materials. In the UK alone, an estimated 5.91 million tons of packaging waste piles up every year. What this means for brands, is that consumers are likely already aware of these environmental issues through the media. They want to know where a brand’s packaging material has been sourced from, what materials have been used for packaging, or whether the packaging can be recycled.

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On the basis of region the global sustainable packaging market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA) and Latin America. Asia is anticipated to be the leading growing market for the global sustainable packaging market primarily driven by large consumer base and growing per capita expenditure. Followed by Asia, Europe is anticipated to be the major contributor for the global sustainable packaging market. North America due to its stringent government laws and regulations as well as consumer preferences is anticipated show major growth in global sustainable packaging market. Followed by North America, the Latin America is projected to grow as significant pace. The Middle East and Africa is anticipated to show sluggish growth in global sustainable packaging market.

Some of the key participants of the global sustainable packaging market are Amcor Ltd, Crown Holdings, Bemis, Ball Corporation, Anchor Packaging, Tetra Pak International S.A., Silgan Holdings, Inc.,Reynolds Group, Genpak and others.

About TMR

TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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