Home › News Updates › Top 5 plastic packaging developments of 2017
According to the reports from MarketsAndMarkets, Flexible packaging is “inherently more sustainable and uses less energy” than many other forms of packaging. Globally, the flexible packaging market is valued at $98 billion in 2016 and is projected to reach $132 billion by 2022 at a CAGR of 5.2%
At the Packaging Channel at PlasticsToday, we used this opportunity to check metrics for the first half of 2017. It’s one way to check the pulse of the industry as to what packaging issues, news and developments at our website drew the most interest and presumably were the most important to our audience of plastics and packaging professionals. According to the reports from MarketsAndMarkets, Flexible packaging is “inherently more sustainable and uses less energy” than many other forms of packaging. While news and developments in biomaterials are advancing at a blurring pace, one article took a different approach in pointing to an entirely new material that combines the best properties of two tried-and-true polymers. The saying that two are better than one certainly holds true in research conducted at MIT whereby polypropylene and polyethylene are blended together along with a miniscule amount of a special ingredient—a tetrablock (four-block) polymer. According to the researcher, by adding just one percent of our additive, and you get a plastic alloy that really has super-great properties. Packaging markets within the plastics market do not get any bigger than the global plastics packaging market, which according to the report is expected to reach $375 billion by 2020.
Report mentioned in the above news is:
Flexible Plastic Packaging Market Plastic Packaging Marketby Type (Stand-Up Pouches, Flat Pouches, Gusseted Bags, Wicketed Bags, Wraps, Rollstock), Material (Plastic Films, Paper, Aluminum Foil, Bioplastics), Printing Technology, Application, and Region - Global Forecast to 2022
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