Top Trends in Packaging - Industry Insights

Top Trends in Packaging - Industry Insights

Summary

This report covers the main trends affecting the packaging industry in 2024.

The packaging industry is currently facing significant challenges as falling consumer spending and rising energy, material, and labor input costs squeeze profit margins. In response to these pressures, packaging companies are adopting cost-saving measures to enhance efficiency and maintain competitiveness. Supply-chain management and automation are increasingly being employed to optimize operations and reduce costs. Furthermore, the industry is focusing on sustainability to meet the demand for eco-friendly packaging solutions. This involves the use of responsible practices and materials that reduce the environmental impact of packaging. Digitalization is also transforming the industry, with companies leveraging technology to streamline operations and develop innovative packaging solutions. By capitalizing on these trends and enhancing efficiency, companies are better placed to navigate these challenges and continue to grow in a difficult economic environment.

Scope

• Shrinkflation has been around as an issue for some time, but is gaining greater attention in times of rising industry costs and consumer tightness. This makes it ever more important to stand out on shelves and communicate effectively.
• Regulation is a huge influence, as efforts around the world to control the impact of packaging waste on the environment become more universal.
• In technology terms, evolution in packaging materials is stemming from, and responding to the above factors.
• Smart supply chains and machinery automation are squeezing as much efficiency out of production and the end product as can be.

Reasons to Buy

• Understand the relevant consumer trends and attitudes that drive and support innovation success so you can tap into what is really impacting the industry.
• Gain a broader appreciation of the fast-moving consumer goods industry by gaining insights from both within and outside of your sector.
• Access valuable strategic take-outs to help direct future decision-making and inform new product development.