Global Packaging To Reach $82 Billion In 2021 The retail-ready packaging market will reach $82.0 billion by 2021, according to new research from Smithers Pira.The rise is based on a 4 percent annual growth from $62.8 billion in 2015. The areas with highest rate of expansion are Asia-Pacific and Africa, which currently boast 6 percent annual growth. “Shorter print runs are seen as a key factor driving the retail-ready packaging (RRP) market, as more re- tailers and brand owners are looking to promotional marketing to boost sales,” said Stephen Harrod, au- thor of the Smithers report.“These promotions result in unpredictable demand for packaging in general – including RRPs – creating a premium on short runs and quick response to orders.” Roll-To-Roll Printing Market To Reach $27 Billion By 2024 Roll-to-Roll Printing Market size was valued at around $14.5 billion in 2015 and may reach $27.1 billion from 2016 to 2024, growing at a Compound Annual Growth Rate of 14 percent, according to a new report from Global Market Insights.
TLMI Recognizes Environmental Winners
The Tag and Label Manufacturers Institute, Inc. (TLMI) recognized Spencer, Massachusetts-based FLEXcon and Mason, Ohio-based Constantia Flexibles for their environmental leadership during TLMI’s an- nual awards dinner held on October 18. TLMI’s Environmental Leadership Award recog- nizes both a converter and a supplier member each year that consistently demonstrated a commitment to progressive environmental practices across a range of areas. FLEXcon was recognized for incorporating sustain- able business practices into its operations. Beyond developing eco-friendly products, FLEXcon imple- mented an Environmental Management System (EMS) to reduce its environmental impacts and increase its operating efficiency. FLEXcon has been LIFE certified since 2011. Constantia Flexibles was honored for SpearRC, a cost-effective pressure sensitive label that is recog- nized by both the Association of Postconsumer Plas- tics Recycling (APR) and the European PET Bottle Platform (EPBP) to be fully compatible with the PET recycling process.
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