Industry Information

Global functional additive sales for plastic packaging expected to increase to $2.3 billion

Multinational provider of testing, consulting, information, and compliance services Smithers forecasts global functional additive sales for plastic packaging and global barrier coatings to increase. Global functional additive sales for plastic packaging are forecast to grow during 2020–25 at an annual average rate of 5.3% to approximately $2.3 billion from $1.7 billion in 2019. Whilst global barrier coating sales for plastic packaging are forecast to grow during 2020–25 at an annual average rate of 4.9% to $2.4 billion to $1.8 billion.

 

Functional additives and barrier coatings are used across a wide range of food, beverages and non-food packaging markets. Food is by far the largest end-use sector for functional additives and barrier coatings in plastic packaging.

 

With rapidly increasing demand for packaging materials that give even greater protection to their contents, a variety of barrier technologies have been commercialised that preserve, protect and optimise product shelf life, reduce the need for preservatives, provide transparency and gloss, and serve as a printing substrate. Without barrier packaging, perishable goods such as food, beverages and pharmaceuticals would be susceptible to a wide range of deterioration processes.

 

Barrier coatings are continuing to evolve and complement emerging resins and manufacturing processes. One advantage of coatings is that small quantities of material can produce the required performance, which cuts costs and resource use and may improve recycling. A disadvantage is that coating application is an extra manufacturing step and may require a high initial capital investment.

 

Smithers’ analysis for ‘The Future of Functional Additives & Barrier Coatings for Plastics Packaging to 2025’ identifies the following key trends and drivers for the industry over the next five years:

 

· Economic influences – the outlook for functional additives and barrier coatings demand for plastic packaging will be influenced by global economic growth trends over the forecast period

 

· Demographic & lifestyle influences – recent changes across consumer lifestyles are influencing consumer decisions, from growing urbanisation, growing middle class, greater increase in health and wellness, ‘on-the-go’ consumption and more

 

· Convenience – time-pressured consumers want convenience products and packaging such as microwavable ready meals and pre-cut vegetables

· Sustainable Packaging – brand owners are responding to consumers’ environmental concerns in several ways; these include package lightweighting by reducing material usage without impairing pack performance, using recycled plastic and adopting bioplastic packaging

 

· Modern retailing – a shift towards a more centralised structure of grocery retailing has inevitably led to higher levels of packaging, particularly for fresh foods, chilled foods and baked products

 

· Consumer concern on food waste and food safety – there is growing use of active packaging technologies such as ethylene and oxygen scavenging, antimicrobial, antioxidant and antifungal additives

 

· Regulatory developments – the European Union has introduced regulations in relation to food contact, recycling of packaging waste and greater use of recycled plastics in product packaging.

 

Smithers’ latest report, ‘The Future of Functional Additives & Barrier Coatings for Plastics Packaging to 2025’ examines the future of functional additives and barrier coatings for plastic packaging. It quantifies current and future sales of functional plastic packaging additives and barrier coatings and explains key market drivers and emerging technology trends. It gives market sizes and forecasts for functional packaging additive and barrier coating products, end-use sectors and selected national markets over the next five years from 2020 to 2025.

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A Letter to Exhibitors from CBB

Recently, certain organizations are making exhibition invitations under the name of China Brew China Beverage (CBB) or similar names. To protect the benefits of our exhibitors, the organizers of CBB hereby make the following statement:

a). “CHINA BREW CHINA BEVERAGE——CBB (biannual)” is the biggest liquid food trade show in Asia and one of the top platforms for the exchange and communication among the world liquid food industry communities, exerting strong global influence. CBB 2018 will be held on Oct. 23– 26, 2018 at Shanghai New International Expo Centre, covering over 100,000 square meters. CBB is co-organized by China United Equipment Group Corporation, China Light Industry Machinery Association and Messe Munich International and hosted by Beijing Zhongqing Heli International Exhibition Co., Ltd and MMI (Shanghai) Co., Ltd.

b). The official website of CBB is www.chinabrew-beverage.com; phone is 010-66017874,66085371, 66017794, 66012114, 66021536 and 021-20205565.

c). The imposture exhibition and industry events offered by certain organizations and individuals have seriously infringed the benefits of CBB and its organizers as well as misled our colleagues. The organizers of CBB hereby make a strong condemnation to such behaviour and reserve the right to resort to legal actions.

We would like to remind our colleagues again: be vigilant and stay away from such fraud events! For related information, please consult Beijing Zhongqing Heli International Exhibition Co., Ltd and MMI (Shanghai) Co., Ltd.

 

Dec. 25, 2017

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