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Definition and development of functional barriers for the use of recycled materials in multilayer food packaging

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Rigid Plastic Packaging Players Focus Growth Strategy on Smart Technology Development


SANTA CLARA, California, Jan 07, 2019 (PR Newswire Europe via COMTEX) --Copyright (C) 2019 PR Newswire Europe

Customizing packaging to end-user specification will ignite new growth opportunities, finds Frost & Sullivan
SANTA CLARA, California, Jan. 7, 2019 /PRNewswire/ -- Over the past few years, the global rigid plastic packaging market has witnessed steady growth due to rapid urbanization, rising plastic production, technology developments driving smart rigid packaging, and increased application in end-use industries such as food & beverage and pharmaceuticals. Frost & Sullivan forecasts the market to reach $166.63 billion by 2022, growing at a CAGR of 5.2% between 2017 and 2022.
"To tackle the issue of food safety, food & beverage manufacturers are developing efficient smart packaging systems that will ensure safe food supply and long-term storage, thereby extending a product's shelf life," said Prateeksha Kaul, Research Analyst, Visionary Science, Frost & Sullivan. "They are also developing game-changing technologies such as inert barrier, which eliminates numerous manufacturing processes, equating to reduced cost and waste, and making the manufacturing process more eco-friendly."
For further information on this analysis, please visit http://frost.ly/31w [https://c212.net/c/link/?t=0&l=en&o=2339523-1&h=4208774315&u=http%3A%2F%2Ffrost.ly%2F31w&a=http%3A%2F%2Ffrost.ly%2F31w]
To gain a competitive advantage in a fragmented market, Kaul recommends players emulate market leaders such as Amcor Limited and Berry Global by establishing an effective and innovative rigid plastic packaging product portfolio and partnering with or acquiring other companies to expand their customer base and strengthen their market position. These strategies will drive new growth opportunities and attract customers that are focused on higher durability and environmental sustainability. Further imperatives for success and growth include:
"Although plastics have delivered many benefits, the environmental impacts associated with their production and disposal have raised serious concerns," noted Kaul. "The market is also affected by the presence of competitive packaging options, such as flexible plastic packaging. To mitigate these risks, players will need to develop innovative packaging that conforms to current recycling and reusability regulations but also to increasingly stringent future environment regulations."
Global Rigid Plastic Packaging Market, Forecast to 2022 market intelligence identifies disruptive market and technology trends, drivers and restraints, market share and competitive analysis.
Global Rigid Plastic Packaging Market, Forecast to 2022 is the latest addition to Frost & Sullivan's Visionary Science [https://c212.net/c/link/?t=0&l=en&o=2339523-1&h=3648676756&u=https%3A%2F%2Fww2.frost.com%2Fresearch%2Findustry%2Fvisionary-science%2F&a=Visionary+Science] research and analysis available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.
About Frost & Sullivan
For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion [https://c212.net/c/link/?t=0&l=en&o=2339523-1&h=2310104788&u=https%3A%2F%2Fww2.frost.com%2Fcontact-us%2F&a=Contact+us%3A+Start+the+discussion].
Global Rigid Plastic Packaging Market, Forecast to 2022K2ED-39
Contact:Jacqui HolmesCorporate Communications ConsultantE: jacqui.holmes@frost.com [mailto:jacqui.holmes@frost.com]
Website: Frost & Sullivan Visionary Science [https://c212.net/c/link/?t=0&l=en&o=2339523-1&h=1718334521&u=https%3A%2F%2Fww2.frost.com%2Fresearch%2Findustry%2Fvisionary-science%2F&a=Frost+%26+Sullivan+Visionary+Science]LinkedIn: Future of Chemicals [https://c212.net/c/link/?t=0&l=en&o=2339523-1&h=3278810086&u=https%3A%2F%2Fwww.linkedin.com%2Fgroups%2F4904108&a=Future+of+Chemicals]Twitter: @Frost_Sullivan [https://c212.net/c/link/?t=0&l=en&o=2339523-1&h=2267589563&u=https%3A%2F%2Ftwitter.com%2Ffrost_sullivan%3Flang%3Den&a=%40Frost_Sullivan]

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This project has received funding from the European Union’s Seventh Framework Programme for Research, technological development and demonstration (FP7/2007-2013) under grant agreement n° [606572].

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