Global and U.S. Food & Beverage Packaging Innovation Study 2019
September 21, 2019The “Food & Beverage Packaging Innovation” report has been added to ResearchAndMarkets.com’s offering.
Sales of food and beverage containers are forecast to increase 3.1% per year to $70 billion in 2023.
As consumer preferences and priorities evolve, both packaging and food and beverage companies look for ways to innovate, so their packaged goods will not only meet the needs of consumers, but also stand out on store shelves. Packaging can address these changes through developments in the containers, the closure mechanisms, or even their labels.
Opportunities exist in packaging that addresses key concerns such as:
- Convenience – e.g., single-serving, resealable, designed for on-the-go consumption
- Sustainability – e.g., greater recycled content, environmentally friendly disposal, reusable, limits food waste
- Improved experience – e.g., playful elements and interactive features
- Product quality protection – e.g., longer shelf life, easier way of knowing when a product is spoiled
- E-commerce – e.g., lighter weight, greater durability and packaging integrity
