According to a new study conducted by Smithers, worldwide demand for fibre-based packaging is set to rise to $503.4 billion in 2027 at a compound annual growth rate (CAGR) of 3.4%, and the total weight of fibre packaging to 316.3 million tonnes from 2022’s 264.4 million at a CAGR of 3.7%.
In light of sustainability commitments made by retailers and FMCG companies, worldwide legislation aiming to phase out single plastics, and consumers’ understanding that paperboard and other fibre formats tend to be recyclable, Smithers has noted of the increasing popularity of fibre-based packaging design. Its report takes stock of innovations that are currently on the market or in development and highlights the technical difficulties still impeding their development.
The food sector has reportedly seen an uptake in functional barrier coatings to preserve perishable goods and resist grease, oil, and water damage. Specialty barrier paper grades are being utilised in pouch packaging and food service applications, and while they are currently gaining momentum to package fresh produce and confectionary, improvements in coating performance are expected to further expand their range of applications.
Meanwhile, removing aluminium barrier layers and trialling fibre-based bottles are innovations that the report attributes to the beverage industry. It is still facing the stumbling block of relying on polymer-based barrier layers, with the expectation being that future developments will find ways to remove them in material recovery streams without damaging the recovered fibres.
Read more here https://packagingeurope.com/news/smithers-report-anticipates-5034-billion-demand-for-fibre-based-packaging-by-2027/9311.article
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