GreenSeed Reports Surge On Contract Packaging GreenSeed, an external manufacturer and contract packaging operations that manages the manufacturing and packaging for dry foods and supplements in the natural products category, has seen an influx of proj- ects from large CPGs. Growing Market According to market research byTechnavio, the glob- al consumer goods contract packaging market is ex- pected to grow at a CompoundAnnual Growth Rate of close to 8 percent during the period of 2018-2022.This new study attributes this increase to the rapid growth of the global consumer goods manufacturing mar- ket in both developed and developing countries.The study maintains that CPGs who work with co-packers usually outsource their secondary packaging activities to a pure-play contract packaging company. Several lo- gistics players have incorporated contract packaging into their product portfolios to avoid such a process in the supply chain—a move that is expected to reduce overall logistics costs by 29 percent to 31 percent. FINAT Launches #LABELicious 2020 Edition FINAT, the European self-adhesive and narrow web industry association, is launching the second edition of its #LABELicious Competition.The Competition was introduced last year as part of FINAT’s aim to reach out to students and young professionals around Europe as part of the association’s campaign to attract young tal- ents to its workforce. This year’s edition will focus on a selected number of countries, education institutes and label companies. The objective is to challenge future talents to share their ideas about the future of labels and packaging, and build connections between education, industry and talents. In 2019, the first edition of #LABELicious, the Eu- ropean design competition for future talents in label and packaging design, climaxed during Labelexpo in Brussels with a well-attended Award Ceremony. The winners, young talents from Italy and Belgium, were selected for their outstanding work from nearly one hundred registrants from all countries across Europe. The 2020 edition of #LABELicious,will build onward on the success in 2019 with a special focus on practi- cal collaboration between educational institutions for packaging technology and graphic design in European countries and label and packaging manufacturers that are operating in these countries.
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6 September 28, 2020 Flexo Market News
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