Demand for Flexible Packaging Expected to Grow

Tue, 25 Jun 2019 17:18:02 GMT

Manufacturer and Consumer Benefits Continue to Drive Growing Preference for Flexible Packaging

What: The US food industry is the leader for flexible packaging with the market continuing to grow with an expected 3.9% CAGR and valuation of $392 billion by 2023. Flexible packaging currently accounts for 19% of the packaging market – second only to corrugated paper. Advancements in slider closures, fitments, and improved barrier properties are driving preferences amongst both manufacturers and consumers.

Why: The flexible packaging market has taken off due to a shift towards sustainability and consumer-friendly packaging. The adoption of flexible packaging is growing amongst manufacturers due to the ability to form flexible packaging on the spot from raw materials – saving time, cost, materials waste, and space. With advances in the recyclability and space savings when discarded compared to rigid packaging, consumers are developing a growing preference for flexible packaging options while the entire supply chain from manufacturer to retailer to consumer is realizing the extended shelf life benefits of innovative resealable closures.

Who: CPG and pharmaceutical manufacturers are responding to consumer demands by innovating with flexible packaging options for their products.

Industries of Interest: Food, Beverage, Pharmaceutical, Nutraceutical, Personal Care

Resources:
• Convenient packaging, excellent barrier properties, and sustainable materials are all factors contributing to the continued growth of flexible packaging in the coming years, ProFood World (https://www.profoodworld.com/bi-library-article/us-flexible-packaging-reach-392-billion-2023?oly_enc_id=8131B4747801B1S)
• Growth of flexible packaging brings demand for innovation, Packaging World (https://www.packworld.com/growth-flexible-packaging-brings-demand-innovation)
• Seafood to drive growth in the converted flexible packaging sector through 2023, Seafood Source (https://www.seafoodsource.com/news/processing-equipment/seafood-to-drive-growth-in-the-converted-flexible-packaging-sector-through-2023)

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Standardizing Food Date Labels in the United States

Wed, 22 May 2019 20:13:48 GMT

Federal Agencies Align to Encourage Standardization

What: U.S. regulatory agencies recently announced a new preference to standardize on the use of the quality-based date label of "Best If Used By" on packaged foods. This recommendation is voluntary and based on research-based industry best practices.

Why: Confusion caused by the use of various date label formats leads to unnecessary food waste. Consumers equate date label information with a warning about the timeline for the safe consumption of the food product rather than a statement of a recommended timeline for optimal food quality. This format recommendation is a part of the "Winning on Reducing Food Waste FY 2019-2020 Federal Interagency Strategy" launched by the federal government in April 2019.

Who: The Food and Drug Administration (FDA), US Department of Agriculture (USDA) and Environmental Protection Agency (EPA) are endorsing the "Best If Used By" industry standard set forth by the Grocery Manufacturers Association (GMA) and Food Marketing Institute (FMI) in 2017.

Industries of Interest: Food, Beverage

Resources:

Best If Used By date code recommended for food labeling, Packaging Digest (https://www.packagingdigest.com/labeling/best-if-used-by-date-code-recommended-for-food-labeling-2019-05-10?ADTRK=InformaMarkets&elq_mid=8675&elq_cid=8449570)
Winning on Reducing Food Waste Federal Interagency Strategy, Environmental Protection Agency: Sustainable Management of Food (https://www.epa.gov/sustainable-management-food/winning-reducing-food-waste-federal-interagency-strategy)
Food Product Dating, United States Department of Agriculture: Food Safety and Inspection Service (https://www.fsis.usda.gov/wps/portal/fsis/topics/food-safety-education/get-answers/food-safety-fact-sheets/food-labeling/food-product-dating/food-product-dating)

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Diagraph's Blog

Demand for Flexible Packaging Expected to Grow

Manufacturer and Consumer Benefits Continue to Drive Growing Preference for Flexible Packaging

Standardizing Food Date Labels in the United States

Federal Agencies Align to Encourage Standardization