It is well said that innovation comes at a price. Plastic, a product of human innovation being lightweight, durable, decay resistant is used widely not for packaging but for many other puposes too. Plastic packaging is not only harmful for earth’s ecosystem but also wasteful. Plastic, being non-biodegradable, every piece that has been created till now is still on the earth on some or the other form.
Sustainability is all about balanced ecosystem. To keep ecosystem healthy and happy it shouldn’t be only taking but it should be more about giving. In the last few years climate change has made people head towards sustainability. In the current era, people opting for inline shopping has resulted in to increase in global packaging waste. Sustainable packaging has become more important not only for producers but for consumers too. Many bid brands have announced to have 100% recyclable packaging in coming years. It’s clear that word “sustainable packing” is more than a buzzword these days. It has become no more an option but has become necessity. Sustainable packaging happens in many ways such as ingredient should be 100% natural, the production process should not be hazardous to the environment and it should be reusable. We have been hearing about 3 R’s since childhood i.e. Reduce, Reuse and Recycle, the principal of waste management.
Since the beginning of the birth of humans the need to store and transport material has been always there. Packaging, however, has changed from being merely a necessity for brand statements and consumer experience to an integral part of it over the years. The concept of packaging in early days was just the basic need to transport things from one place to other. During the medieval times, there was rise in use of wooden barrels and wood boxes as packaging devices. Heading straight towards the industrial revolution, technological advancement and better-quality packaging increased. The demand of better-quality product fueled the surge in new products also noting that materials in this era were expensive. Packaging industry in late 1800s and early 1900s saw the invention of first paper bag, their carton and first cereal box as well. Talking about the modern packaging, bubble wrap was invented which was pitch to be safest option for packaging fragile products. Later, PET plastic bottles were invented for packaging carbonated drinks. Fast forward to the recent time, sustainability is major concern. In current scenario, packaging innovators are opting for new ways to reduce impact on environment. Recent eco-friendly inventions, such edible and biodegradable packaging, not only represent the nature of our society today, but also show how adaptable the packaging business is to shifting customer demands and issues. The increasing penetration of online shopping trends such as online pharmacy is one of the trending and growing which boosts the need for healthcare packaging.
Opting for environment friendly products is not a new thing which industries are facing. In fact, people are gradually shifting towards sustainability. Going green with packaging leads to many benefits. Molded pulp packaging are non-toxic and convenient for manufacturing safe medical packaging. Ecofriendly packaging has many benefits in today’s world such as:
With the demand of ecofriendly and pressure of environment concerns, packaging industry is organizing. This process has been completed by evolving lifestyles and growing raw material prices. Given that this industry, which is dominated by food processing, is predicted to be worth several hundred billion dollars over the next several years, the stakes are quite high.
Packaging is all over the place. There is no one on this planet that is has not touched. Everything human requires such as food, healthcare, personal care, all of it is packaged. Brands have trusted set tools and tactics to control the customer experience. There is lot which future holds for the packaging industry. Cheaper components will make smart packaging all-pervasive. Integrating ecosystem will become on of the most ideal. A detailed analysis and forecast for critical areas of change and opportunity in the packaging value chain. Insights into the changes taking place in and for packaging throughout the value chain and market A look beyond current trends at the potential for Horizon 3, transformation change in 2030, scenarios for packaging worldwide will be served. Industrial packaging is increasing with increase in E-Commerce. These are the six priority actions that business leaders can take to create resilience, capture growth opportunities and cope with changing market dynamics arising from today's era of disruption, profound change on markets or increasing volatility.
It is common for a change to take place gradually, then accelerate suddenly. In this era of transformational change, the chief executives of packaging companies have to accept that their markets are more volatile than ever. Companies that are not addressing fundamental issues will find themselves at a considerable disadvantage, and may go bankrupt or be acquired. The next stage of value creation is to be taken up by resilient and successful companies.