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The rigid plastic packaging market is forecast to top $166 billion worldwide by 2022, thanks to a number of factors including urbanisation, rising plastic production, increased applications, and smart packaging technology.

Market-leading companies such as Amcor and Berry Global are innovating in their product portfolios, as well as partnering with or acquiring other companies to grow their footprints and expand their customer bases.

“To tackle the issue of food safety, food and beverage manufacturers are developing efficient smart packaging systems that will ensure safe food supply and long-term storage, thereby extending a product’s shelf life,” said Prateeksha Kaul, research analyst, visionary science at global research and consulting firm Frost and Sullivan.

“They are also developing game-changing technologies such as inert barrier, which eliminates numerous manufacturing processes, equating to reduced cost and waste, and making the manufacturing process more eco-friendly.”

According to Kaul, there are concerns about the environmental impact of producing and disposing of rigid plastics, despite their benefits. “The market is also affected by the presence of competitive packaging options, such as flexible plastic packaging.

“To mitigate these risks, players will need to develop innovative packaging that conforms to current recycling and re-usability regulations but also to increasingly stringent future environment regulations,” says Kaul.

Frost and Sullivan offers a number of recommendations in its Global Rigid Plastic Packaging Market, Forecast to 2022 market intelligence, including customising rigid plastic packaging to end-user specifications; expanding in the APAC region; focusing on high-growth sectors such as food and beverage; and offering better products at lower costs in developing countries to boost growth.

Food & Drink Business

Queensland’s Food Technology and Manufacturing Exhibition returns to Brisbane this month! The triennial FoodTech Qld expo is on 28-30 July 2019 (Sunday to Tuesday) at the Brisbane Convention & Exhibition Centre. This year’s theme is “Creating new lines in manufacturing” and aims to deliver nothing less.

Findings from a study of more than 100,000 people over nine years suggests that reducing sugary drinks may reduce cancer risk.

Drought-tolerant grape varieties from Cyprus will soon be trialled for suitability in Australian conditions, with researchers from the University of Adelaide hoping the vines will be able to grow “with minimal to no irrigation”.