The global packaging market is on an upward trajectory, with a forecasted value of $1.05 trillion by 2024, according to ‘The Future of Global Packaging to 2024’. As this industry continues to evolve, companies must stay ahead of emerging trends to make informed decisions about their packaging needs. In this blog post, we’ll delve into the key findings from this report and discuss what businesses should anticipate in the coming years. We’ll also emphasize the importance of a strong partnership with a cardboard box manufacturer like Racer Boxes in navigating this dynamic landscape.
Sustainability Takes Center Stage
One of the most significant trends highlighted in the report is the continued focus on sustainability and environmental concerns, particularly in Western Europe. Companies should expect a growing appetite for easily recyclable and sustainable packaging materials such as paper and board, recycled PET (rPET), and bioplastics. This shift may require businesses to reconsider their packaging choices and opt for eco-friendly alternatives. Racer Boxes can provide sustainable cardboard packaging solutions tailored to these evolving demands.
The Rise of Flexible Packaging
Flexible packaging is set to continue its ascent, gradually replacing traditional packaging formats. High-barrier films and retort stand-up pouches are poised to challenge rigid pack formats like metal tins and glass jars, especially for food products. As your packaging requirements evolve towards flexible solutions, Racer Boxes can assist in designing and manufacturing custom cardboard packaging that suits these modern packaging trends.
Health and Wellness Impact
Consumer concern for health and wellness will have a significant impact on the packaging market. The report highlights the growth of the healthcare packaging market ahead of pharmaceutical consumption. This growth is driven by the demand for convenience and security, including features like child-resistant closures and tamper evidence. Businesses in this sector should anticipate an increased need for specialized packaging and maintain a close relationship with their packaging supplier to address evolving requirements swiftly.
Convenience Reigns Supreme
Consumer demand for convenience, particularly in the food sector, is a trend that businesses should prepare for. This includes increased consumption of microwavable ready meals, portable packaging, and on-the-go consumption solutions. Companies may need to adapt their packaging strategies to accommodate these changing consumer preferences.
Cardboard Boxes in Vancouver
Explore Racer Boxes’ range of customizable cardboard packaging solutions to stay ahead in the evolving packaging landscape. Contact us today to discuss your packaging needs and ensure a smooth transition into the packaging trends of 2024 and beyond.