Market Trends of Sugar Packaging Industry
This section covers the major market trends shaping the Sugar Packaging Market according to our research experts:
Plastic Material to Hold Significant Market Share
- Plastic Material is expected to hold significant market share as there are applications where plastic packaging solutions offer functionality that is difficult to replicate with any other packaging material. For instance, barrier properties for food or product preservation. Within plastic solutions, flexible plastic packaging uses over 70% less plastic raw Material than rigid-based packaging products, thereby reducing raw material input requirements.
- Packaging sugar with a plastic bag is the most common packaging type in the food packaging industry as this type of packaging offer moisture-proof, waterproof, and cost-effective packaging. Sugar manufacturers prefer this packaging as plastic bags can be colored or transparent to make it attractive. This packaging is widely used in both famous confectionery brands and familiar brands.
- Moreover, in January 2020, South Africa companies, including Unilever, Coca-Cola Africa, Danone, SPAR, and Massmart, announced the force – Plastic Pact to reduce plastic usage following similar commitments from the UK, France, Chile, and the Netherlands. The companies are aiming at all plastic packaging reusable, recyclable or compostable by 2025. Additionally, they aim to recycle 70% of plastic packaging and use 30% recycled content across any plastic packaging. This recycling trend is expected to continue in recent years, which is estimated to impact the plastic packaging market for further product development in the market.
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Asia-Pacific to Witness Highest Growth
- Asia-Pacific to register the highest growth as the food packaging industry in the region is witnessing significant innovations in branding and packaging. Moreover, consumers in the region enjoy sugar confectionery for indulgence, where the experience is highly valued. India and China are the leading countries in the global consumption of sugar with 27 million metric tons and 15.2 million metric tons, according to the US Department of Agriculture.
- Moreover, owing to the rising population, increasing income levels, changing lifestyles, increased media penetration, and growing economy, the demand for packaging is growing. Also, it is one of the strongest growing sectors in the region. In India, more than 49% of the paper produced in the country is used for packaging purposes, according to Care Ratings, a prominent credit rating company in India,
- Furthermore, several regulations govern the packaging industry in the region, especially the food and beverage packaging sectors. Some major regulations include the Prevention of Food Adulteration Act 1956, Plastic Waste (Management and Handling) Rules 2011, and Food Safety and Standards (Packaging and Labelling) Regulations 2011.
- However, regulations about the use of paper and pulp in the food industry are expected to proliferate the market. For instance, the Food Safety and Standards Authority of India introduced new packaging regulations in 2018. The rules are expected to promote the use of paper in the food packaging industry. The IS 4664: 1986, a BIS standard for paper products that permits the use of recycled pulp for Food Packaging, is expected to promote the use of paper in the sugar packaging industry in India.
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