Intelligent Packaging and Recyclability Disruptive Technologies in Flexible Packaging
The top disruptive technologies in flexible packaging are forecast to be intelligent packaging and recyclability, according to a new market report by Smithers Pira.
Ten-Year Forecast of Disruptive Technologies in Flexible Packaging assesses the trends impacting the flexible packaging industry over the next 10 years to 2023.
Because of growing consumer focus on convenience and sustainability, general flexible packaging use has been growing worldwide, gaining market share from other packaging formats such as rigid packaging. This growth is projected to continue because flexible packaging, particularly pouch packaging, uses less energy and materials and has lower transport costs, environmental impact and carbon footprint than its rigid counterparts. These current trends concerning flexible packaging and rapid growth are anticipated to continue and increase over the next 10 years to 2023.
The new market study states that the innovation in and implementation of smart and active packaging over the next 10 years will be the key disruptive factor affecting the flexible packaging industry. According to the report, the second most disruptive technology in flexible packaging is recyclability. Because of the small amount of material used in a flexible package, it generates much less waste than other formats.
Energy Manager News
- Transmission Upgrades Give SPP a $240M ‘Bang for the Buck’
- Data Analytics Deepens its Hold on Facilities
- Global Plate and Frame Heat Exchanger Market Growing
- Duke Energy Renewables, Lockheed Martin Sign PPA
- ERC: Electricity Price Trends for the Week Ending Jan. 29
- FERC Probes High Rates of Four Interstate Gas Pipeline Companies
- Rhode Island Launches Retail Shopping Website
- Successful Energy Managers Follow these 10 Tactics