FMN_AUGUST14

Flexible Packaging (Cont’d from Page 11)

Industry Events

amounts to a staggering 330 million tons annually. Regrettably, only a merger 9 percent of plastic is currently being recycled, with a mere 14 percent being collected for recycling purposes. The difficul- ties associated with recycling plastic materials pose a significant obstacle to the growth of the flexible plastic packaging market. These challenges in the recycling process of plastic products are project- ed to impede the expansion of the flexible plastic packaging market in the foreseeable future. Moreover, manufacturers are actively addressing challenges associated with the disposal and pricing of bioplastics. Establishing efficient and sustainable recycling systems for bioplastics is crucial to en- sure their proper management and utilization in

Labelexpo Europe September 11-14, 2023 Brussels Convention Center Brussels, Belgium

FTA Fall Conference October 9-11, 2023 Louisville, Kentucky

TLMI Annual Meeeting October 15-17, 2023 The Broadmoor Colorado Springs, CO

Labelexpo Asia December 5-8, 2023 SNIEC Shanghai, China

Gulf Print & Pack January 9-11, 2024 World Trade Center Dubai, United Emirites

the packaging industry. Additionally, manufacturers strive to achieve competitive pricing for bioplastics, making them a viable and cost-effective option for sustainable, flexible plastic packaging solutions. Manufacturers must adapt their strategies and invest in research and development to capitalize on shifting market dynamics and meet regulatory requirements. By creating innovative packaging solutions that align with sustainability goals while upholding the highest quality standards, manu- facturers can comply with regulations and po- sition themselves as industry leaders, catering to the growing demand for environmentally friendly packaging solutions. In conclusion, the introduction of new regulatory initiatives by governments worldwide has spurred plastic packaging manufacturers to explore new packaging solutions, driving the expansion of the packaging industry.

Labelexpo Americas September 10-12, 2024 Donald E. Stephens Convention Center Rosemont, Illinois

FTA Annual Meeting May 4-7, 2025 David L. Lawrence Convention Center Pittsburgh, Pennsylvania

Flexo Market News August 14, 2023 13

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