Industry Trends
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Global Packaging Industry's Green Transformation
As global environmental awareness rises and plastic reduction policies advance worldwide, the packaging industry is undergoing a significant transformation. Traditional plastic packaging is gradually being replaced by eco-friendly alternatives, with water-based barrier coating combined with paper packaging emerging as one of the most promising sustainable solutions. According to Allied Market Research, the water-based coating market was valued at $68.7 billion in 2022 and is estimated to reach $110.9 billion by 2032, growing at a CAGR of 5.1% from 2023 to 2032.
This article is a commentary on the paper cup industry in terms of its role in the circular economy. To provide a comprehensive discussion about the paper cup industry through four different topics. First, looking into the different ways to make the paper cup more environmentally friendly on the market. Then diving into the industry status quo on the efforts placed into making the paper cup more environmentally friendly and its effectiveness. Then jumping into the paper cup market potential in terms of government policies and regulations, market volume, and market value. Last, ending with my personal perspective on how the paper cup industry will play out in the circular economy.
Have you ever wondered how’s everyone doing under the pandemic? Where do you stand when compared to others? According to Smithers’ latest industry report. The anticipated impact of COVID-19 is an increase in both the print value and print volume of the packaging & labels industry by more than 10% from 2020-2025. Is this really the case? Let’s see what our customers have to say...
KYMC has reached out to our global client base to see how they are doing. The below responses were provided by Huhtamaki from UAE, Verix from Australia, Detpak from South Africa, Longpak from South Africa, and Alpha Plastomers from India.
According to Mordor Intelligence market report, the corrugated board packaging market was valued at USD 262.61 billion in 2019, and it is expected to reach USD 339.95 billion by 2025, providing a CAGR of 4.41% over the next 5 years.
