4 Markets for Big Growth in Flexo
If you’re looking for printing and packaging markets that are poised for growth, some new reports just out do the heavy lifting for you. Here are 4 markets that are predicted to be market drivers in the near future.
Cosmetic Packaging
The market for cosmetic packaging is expected to growth 5.4% by 2018, to a market worth $2.5 billion, according to the report “Cosmetic Packaging Market by Type, Material (Plastic, Glass, Metal, Paper), Application (Hair Care, Nail Care, Skin Care, Make-Up) & by Packaging Machinery (Filling, Unscrambler, Sealing, Conveyor) & Geography – Global Trend & Forecast to 2018.” The biggest growers will be the Asia-Pacific market, then Europe, and then North America.
Key points from the report:
- Increased competition in the cosmetics space means brand owners are constantly looking to increase their product offerings, which, in turn, means opportunity for packaging manufacturers and raw material suppliers
- Plastic comes out on top as the most popular packaging material
- Anti-aging products and skin whiteners in the Asia-Pacific markets are big sellers in the cosmetics market
Functional Printing
Functional printing is finally making it out of the lab and onto product packaging, and the market looks bright. At least, according to the report “Functional Printing Market (2013 – 2020) by Materials (Substrate, Inks), Technology (Inkjet, Screen, Flexo, Gravure), Application (Sensors, Displays, Batteries, RFID, Lighting, PV, Medical), and Geography (North America, Europe, APAC, ROW).”
The report covers a variety of applications where functional printing can be deployed, including sensors, batteries, displays, and RFID tags. Inkjet, screen, gravure and flexography are the four key printing techniques used for functional printing.
The two biggest issues around this technology is “the reliability of the end products (printed electronics)”, and that the production process is complicated.
India
The growth of India’s urban population, middle class and power of young buyers are driving the popularity of new and different CPGs. Brand owners are also responding to smaller family sizes by offering their products in smaller amounts. This is according to “Latest Trends and Key Issues in the Indian Retail Packaging Market – The outlook for primary packaging containers, closures and outers to 2017.”
For the packaging industry, the Indian market is predicted to increase to $32 billion by 2025. In fact, India is the 4th largest economy based on Purchasing Power Parity. The retail market is currently worth $511 billion and predicted to by worth $1.3 trillion by 2018, according to the Indian Institute of Packaging.
Flexible Packaging
Although still recovering from loses experienced during the recession, the flexible packaging market is back on track for growth. The report “Flexible Packaging Market by End-Use (Food, Beverage, Personal Care & Pharmaceutical), Material (Polypropylene, BOPP, CPP, Polyethylene, EVOH, PA, BOPET, PVC, Aluminum, Paper, Cellulosic) – Global Trends & Forecast to 2018.”
Key points:
- Market growth is predicted at 5.1% by 2018
- The North American market is still sluggish, due in part to saturation. The big markets will be Asia-Pacific, particularly China and India, Brazil (look to the 2016 Olympics to boost growth), and a little bit in eastern Europe. “Consumer preferences in convenience foods, westernized eating habits in terms of packaged food demands, and rising disposable incomes are some of the important factors influencing the trend,” according to the report.
- Environmental awareness amongst consumers is effecting brand owners’ choice of packaging materials
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