The impact of COVID-19 on the global Flexo Printing & Packaging industry
May 24, 2020We are living through a historic moment in the world and the global packaging industry. The spread of COVID-19 has markets in constant flux, and the news reports highlight the increasing figures of the afflicted and countries are suspending travel and closing borders.
This report has been written to answer some key questions regarding the striking challenges that we as an industry and the world face with the emergence of COVID-19. First, we present how the flexo industry handled similar challenges such as the September 11th economic crisis and the 2008 recession. Second, we analyze how the flexographic industry has been affected by COVID-19. The coronavirus pandemic has changed the landscape of everyday life for everybody and has created new trends in the printing and packaging industry such as the increased demand for packaged foods, safe packaging and distribution, and an enormous increase in e-commerce. In this report, we explain the current trends in the flexo industry and we propose solutions to help you respond to these new challenges.
People’s response to COVID-19 is controlled by fear and panic. Consumers are panic-buying a month’s worth of supplies creating a danger in shortages. The industries with the highest demand are the food retail, medical products and supplies as well as e-commerce.
Safe packaging & distribution
Given the fact that COVID-19 is considered to have started spreading through the wholesale seafood and meat market in Wuhan, this animal-borne virus demands the full attention in meat handling and distribution methods. Flexible packaging provides bigger safety and sterilization comparing to wholesale fresh meat markets.
