ZZ91 Information: The packaging market report pointed out that the current fast-paced and environmentally-friendly consumer market will continue to drive innovation demand in the plastic packaging industry. According to the Franklin Union, other types of packaging require 64 million tons of material, which will result in 80% energy wastage and a carbon footprint that will soar by 130%. Last week, SPI (Washington Industrial Trade Association Washington, DC) released its third report, "Packaging Market Watch: Plastic Packaging Ends It". A series of in-depth studies investigated how the consumer market affects all areas of the plastics industry. The report brought together market experts and authors Ken Gronbach, the Society of Plastic Engineers, and the US Environmental Protection Agency. The research and data they work together can better contribute to the $700 billion global packaging industry. Plastics account for one-third of the global packaging industry, nearly $250 billion, which is the largest single market for plastics in the United States. According to William R. Carteaux, president and CEO of SPI, plastic packaging is ubiquitous because it outweighs the advantages of other materials. Plastic products are lighter, consume less energy from production and transportation, and have multiple ways to recycle. Through cutting-edge science to produce bioplastics and other innovative applications, the plastics industry has met consumer needs to minimize its carbon footprint. According to Carteaux, plastics can withstand the pressure of traffic and are able to screen out the smallest plastic particles. If the plastic is not used for packaging, the obvious substitutes will be paper, cardboard, glass and metal.
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Fast-paced and environmentally friendly winds will drive innovation in the plastic packaging industry
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