future packaging trends 2017 from smithers pira
TRANSCRIPT
Adam Page, Global Director, Reports and Consultancy Smithers Pira - the worldwide authority on the packaging, paper and print industry supply chains
Future Packaging Trends 2017
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About Smithers Pira
• Worldwide authority on the packaging, paper & print Industries
• Operate from three information hubs in the USA and Europe
• Work with a global network of associates consultants, interviewers, freelancers and experts
• Serve a world-wide customer base ranging from printers, paper suppliers, packaging materials
suppliers and converters to packaging end-users and brand owners
Market Reports
50 market reports on paper, print, packaging & other industrial sectors
Consultancy
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Producer of 20+ industry conferences each year
Technical Testing
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Delivering high value market and technical research
enabling you to make better decisions, faster
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How is the packaging market changing?
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Source: Smithers Pira
Packaging Growth Since 2000
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Packaging Market Overview • Asia is the largest market at 38.4%
followed by North America 22.3% and West Europe 20.8%
• Asia’s share of the market has increased from 33.6% to 38.4% since 2010
• By way of contrast shares of North America and Western Europe have dropped from 23.0% and 24.0% since 2010
Source: Smithers Pira
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Packaging Split by Substrate
Flexible plastic 16%
Foil 1%
Paper 5%
Rigid plastic 23%
Board 31%
Metal 13%
Glass 7%
0.0 1.0 2.0 3.0 4.0 5.0
FLEXIBLE PACKAGING
FLEXIBLE PLASTIC PACKAGING
FLEXIBLE FOIL PACKAGING
FLEXIBLE PAPER PACKAGING
RIGID PLASTIC PACKAGING
BOARD PACKAGING
METAL PACKAGING
GLASS PACKAGING
OTHER PACKAGING
TOTAL PACKAGING
European Packaging CAGR (%) 2015-20
Source: Smithers Pira
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Packaging Split by End-use
• Industrial / Bulk packaging is the largest overall end-use (39%) • Food and Beverage dominate consumer packaging – two thirds of total • Strongest growth is in the Healthcare and Cosmetics sectors • But food, beverage and other FMCG also show growth
Source: Smithers Pira
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What are the main drivers for change?
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Brand Owner Demands
• Comparative low cost
• Potential for innovation/replacement
• Lighter weight pack format
• Simple, recyclable designs
• Need for barrier
• Increased shelf life
• Shelf appeal
• Meets sustainability goals
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Packaging Trends Easy-to-open • Tabs, films and adhesives that allow
easy of open, and resealability Sustainability • Mass commercialisation of bioplastics
• Development of better flexible formats
for lightweighting
• Improved sorting and recycling technologies for MRFs
Versioned print • Falling price for packaging printed on
digital presses will push expansion
• New range of inks and substrates allow a broader market penetration
Experience packaging Focus is on design innovation and more embellishment options Convenience packaging Positive trend - more packaging needed Options to add value to the product itself can command premium price Multi-channel interactivity Allows packaging to retain a key place in marketing campaigns NFC, covert QR and Big Data stores give the option to extend and expand in future
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How can we make better decisions, faster?
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Custom Market Consultancy
• Quantitative Market Data
• Granular Market Segmentation
• Market Forecasts based on Primary Research
• Voice of the Customer
• Analysis of key drivers and trends
• Impact of Technologies
• Understanding the Value Chain and Competitive Landscape
• Robust, Proven Methodologies
• Market Experts with Technical Grounding
Our highly knowledgeable industry experts provide tailored consultancy services for your individual business needs when you need it. We can help in the following areas:
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Case Studies • A global brand owner commissioned us to
size and forecast the market for packaging substrates and products. We conducted a full primary research program, and delivered quantitative data and a report with actionable recommendations. Our client used this data as justification for switching from metal cans to plastic bottles and pouches, and has seen sales grow as a result.
• A North American specialty mill was looking to develop and expand product offerings to exploit niche opportunities. Following an in-house workshop, a number of areas were prioritised and formed the focus of detailed market assessment of market size and growth and potential new customers.
• A major supplier of paper-based packaging commissioned us to undertake a study on the European market for food service packaging market. The study required extensive detail on the cup stock market, which was achieved through primary research with suppliers, converters and end-users. The final report contained actionable recommendations for growth in this sector.
• A major raw material company asked us to examine the industrial inkjet space with a view to identifying market opportunities and potential acquisition companies. We conducted the research, including extensive telephone and face-to-face interviews, and made recommendations in a custom study. The study contained quantitative market sizes and forecasts, and a target list of companies based on the agreed criteria. Our client is in the process of making an acquisition.
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If you need data to make a better business decision, please get in touch
Adam Page
Global Director, Reports and Consultancy
Smithers Pira
UK address: Cleeve Road, Leatherhead, Surrey
Phone: +44 1372 802 113
US Address: 425 W Market St, Akron, OH 44303, USA
Phone: +1 330-762-744
Email: [email protected]
www.smitherspira.com
smitherspira.com
Market Reports
50 market reports on paper, print, packaging & other industrial areas
Consultancy
Custom single-client market research and technical consultancy
Conferences
Producer of 20-30 industry conferences
each year
Journals & Databases
Journals & online database products
Technical Testing
Laboratories & package testing facilities
Delivering high value market and technical research enabling you to make better decisions, faster
About Smithers Pira
For more information about any of our services please visit: www.smitherspira.com