The global corrugated bulk bins market size is projected to grow from USD 11.6 billion in 2020 to USD 15.4 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 4.2%. The global corrugated bulk bins industry has witnessed high growth primarily because of the increasing demand for food and pharmaceutical products worldwide, especially...
In a country where food and drink-focused socialising are popular, lockdown restrictions arising from COVID-19 resulted in a slump in on-trade sales in 2020 due to the closure of horeca establishments. Because of COVID-19 there were shifts in the demand for convenient and portable pack sizes. There was an increase in smaller sized packaging,...
COVID-19 and measures to contain it have not had a huge impact on packaging trends in South Africa, though same changes are notable. For example, previously unpackaged items such as baked bread has been increasingly packed in inexpensive plastic wrap or bags to comply with stricter health and hygiene regulations during the pandemic. Packaging...
During the pandemic, Thailand has seen a huge surge in sales through e-commerce channels throughout most areas, as well as a boost in off-trade food and beverage consumption as businesses and horeca establishments closed and consumers continue to remain cautious about social gathering. Packaging in Thailand report offers insight into...
Home seclusion trends during the coronavirus pandemic have led to a rise in home cooking and at-home consumption, which has supported sales of multipack formats in food and beverages, including ice cream, drinking milk, yoghurt, edible oils and soft drinks – all of which are now more frequently purchased. Packaging in Hong Kong, China...
The COVID-19 pandemic has ended nearly three decades of uninterrupted growth in Poland. Following 2019’s growth of 4%, GDP has declined by 5% in 2020. Unemployment has risen and the labour market has been severely impacted by lockdown measures and a drop in demand. Wages are set to continue to fall over the forecast period. Packaging...
COVID-19 has contributed to UAE’s economic decline of 4.5% in 2020, following a rise of 1.7% in 2019. Private final consumption has fallen by 4.2% in real terms, and measures to contain the spread of virus have hampered spending and pushed up unemployment figures. Consumer caution has led to conservative spending and a shift away from single-serve...
COVID-19 has driven demand for larger packaging formats as more consumers shop online, and reduced purchasing power supports sales in family-value, bulk pack sizes. Consumers continue to take fewer trips to store-based outlets and shop online instead, in an attempt to reduce unnecessary face-to-face contact, and bigger packs benefit from both...
The Biodegradable Packaging Market was valued at USD 89.57 billion in 2019 and is expected to reach a value of USD 121.38 billion by 2025 at a CAGR of 5.3% over the forecast period (2020-2025). The Biodegradable Packaging solutions are finding increasing application in packaging owing to its low environmental impact, growing focus on recyclability...
COVID-19 has further boosted sales in value-for-money multipacks and other large formats which were already gaining ground amid persistent economic uncertainty and price-sensitivity prior to the pandemic. Sales in bigger packs have soared as consumers stockpiled staple items during the virus’ first wave and continue to spend more time at home....