The global packaging market is constantly adapting due to the evolving retail sector, high consumption of packaged foods by consumers, and many manufacturers pushing demand for innovative and cost-effective solutions. The packaging industry needs a fully connected solution that unifies all data points in facilities to generate continuous improvement.
All industries use some type of packaging in their facility, whether they are fulfilling pharmaceuticals, food and beverage, carrier bags, electronics, toys, or virtually any other product. The most common types of packing materials used today are paper and paperboard, plastics, aluminum and glass. The rise and fall in the cost of petroleum, natural gas, wood and other raw materials is an ongoing challenge to the packaging industry, because it effects both production and delivery.
Due to sustainability concerns, packaging production will need to process thinner materials and more demanding designs with the same productivity. The global packaging market must evolve to make their packaging more cost-efficient and consumer friendly.
In addition, as the packaging industry progresses and becomes more digitized, there has been an increased demand for flexibility and adaptation in automation capabilities, machine optimization and integration. With the rapid development of e-commerce, the delivery mechanism of boxes is becoming more complex and needs to be completed faster while not sacrificing quality. These issues are forcing packaging manufacturers to get creative in the search for ways to develop new, more profitable business models while not sacrificing operational efficiency.