BizVibe Examines the Latest Developments in the Global Packaging Industry

BizVibe Examines the Latest Developments in the Global Packaging Industry (Graphic: Business Wire)

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LONDON--()--The global packaging industry and its variants, such as smart packaging, flexible packaging, and product packaging has enjoyed great success in 2017. The development of new packaging formats and packaging materials across the globe are contributing immensely for this growth. Details about the global smart packaging market – Asia’s most popular packaging category, and China’s booming packaging market are some of this week’s top stories on BizVibe.

BizVibe is the world’s smartest B2B marketplace and allows users to discover high quality leads, contact prospects, and source quotes in real time and you can now use BizVibe's chatbot to create new business opportunities daily, without the hassle of researching for new leads.

Global Smart Packaging Industry Expecting Promising Growth

Global smart packaging industry, which consist of three main categories, including active packaging, intelligent packaging, and modified atmosphere packaging solutions, is now worth over US$12.6 billion. The market is likely to reach US$19.8 billion by 2021, driven by the growing demand of packaging solutions for package tracking, extension of the shelf-life, and maintaining or monitoring food quality and safety.

Currently, North America and Europe are two the biggest markets for smart packaging. However, Asia Pacific, especially emerging markets like China, India and Japan are all catching up quickly, registering the fastest current growth rate of over 14% from 2016 to 2024.

Connect with over 107,300 packaging companies around the world listed on BizVibe.

3 Most Popular Packaging Types in Asia

Asia is now one of the world’s largest packaging markets with the fastest recent growth rate. Even though the industry is undergoing some major changes as new players, methods, and regulations are being introduced, the three main packaging types are still dominating the packaging market in Asia. BizVibe determines the 3 mains types are: Poly bags, Corrugated boxes, and Blister packaging

Poly bags are now the most popular packaging type in Asia, which are widely used in the food and beverage, retail, and e-commerce industries for the packaging and transportation of goods. BizVibe believes that with this increasing shift away from plastic packaging, Poly bags is expected to increase its market share in Asia’s packaging industry.

Connect with over 10,000 packaging companies in India listed on BizVibe.

China Remains One of the World’s Largest Packaging Markets

Along with its growing economy, China’s packaging industry continues to expect sharp growth. This trend is expected to continue as China’s packaging industry is set to grow at a CAGR of 5.4% between 2016 and 2021, compared to 4.5% during 2011-2016.

Rigid plastics packaging, which is now widely used for food and beverage packaging, is likely to achieve the highest growth rate among all the major packaging segments in China over the next few years, thanks to the country’s soaring food and beverage market.

Connect with over 8,300 packaging companies in China listed on BizVibe.

In addition to packaging companies, BizVibe is home to over 7 million companies across a variety of industries. The BizVibe platform allows you to discover the highest quality leads and make meaningful connections with your companies of interest in real time. Claim your company profile for free and let BizVibe connect you with potential business partners. For mobile users, don’t forget to connect on-the-go via BizVibe’s mobile app. To Make things as simple as possible, use the BizVibe chatbot to create new business opportunities.

About BizVibe

The single-minded focus of BizVibe’s platform is to make networking easier. Over the years, we've searched far and wide to figure out how businesses connect and enable trade. That first interaction is usually fraught with the uncertainty of finding a potential partner vs. a potential nightmare. With this in mind, we designed an online b2b platform with a robust set of tools to help companies generate leads, shortlist prospects, network with businesses from around the world and trade seamlessly.

BizVibe is headquartered in Toronto, and has offices in London, Bangalore and Beijing. For more information on the BizVibe network, please contact us.

Contacts

BizVibe
Jesse Maida
Media & Marketing Executive
media@bizvibe.com

Release Summary

BizVibe examines the latest developments in the global packaging industry and its variants, such as smart packaging and product packaging.

Contacts

BizVibe
Jesse Maida
Media & Marketing Executive
media@bizvibe.com