If you are looking for packaging news in August 2022, you have come to the right place. This year’s packaging news includes numerous articles on biodegradable and recyclable packaging. You can also read up on the challenges of real-time authentication in packaging and the impact of RFID technology. This year’s list of packaging news includes a number of important topics for packaging professionals.
Flexible packaging market facts and insights
Various factors are driving the growth of the Flexible packaging market. In particular, the rise in disposable income has increased the demand for convenient food packaging. Furthermore, stringent government regulations are encouraging major manufacturers to develop better environment-friendly packaging solutions. As a result, the market for Flexible packaging is expected to grow at a higher CAGR during the forecast period.
The food and beverage segment is expected to dominate the Flexible packaging market in the coming years. This is attributed to the increasing popularity of flexible packaging due to its affordability, lightweight, and portability. Moreover, the use of sustainable materials for manufacturing Flexible packaging is gaining popularity across various sectors as they provide improved functionality.
The retail industry is expected to grow at a healthy rate in the coming years. According to the National Retail Federation, sales are forecast to increase by between 3.8 and 4.4% by 2020. The rise in e-commerce is also expected to drive market growth over the next few years. Despite numerous opportunities in the retail industry, many companies have not optimized their packaging for e-commerce.
The report also discusses the growth prospects in the Flexible plastic packaging market over the next 10 years. It features forecasts for four regional markets and 20 national markets. It also features company profiles of 20 major companies in the Flexible packaging market. The report also includes quantitative and qualitative analyses and independent predictions.
Challenges of real-time authentication in packaging
The benefits of real-time authentication for packaging are many. It can help ensure food safety and prevent tampering. It can also serve as a marketing tool, adapting to the time and place where consumers are. Ultimately, these technologies will lead to improved quality and lower costs.
The biggest challenge is developing a system that can withstand the rigors of mass production. To do that, smart packaging needs to be equipped with a remote-reading chip, and smart devices must be used to read these chips. Luckily, there are some existing solutions that make the process easier. For instance, blockchain technology can help secure consumer data and prevent tampering.
Impact of RFID technology on flexible packaging
RFID tags can be applied to food packages and other products, allowing retailers and manufacturers to track specific products without tampering with the original packaging. However, different package materials exhibit different characteristics when exposed to radio frequency. For example, metal is particularly reactive to the radiation while plastic is less responsive. Packaging materials that contain water can also reduce the accuracy of RFID readings by as much as seventy percent.
With the COVID-19 virus pandemic causing factories to shut down around the world, many companies have been unable to recover. This has prompted governments to impose stricter working norms, requiring at least half of the workforce to be on the floor. Fortunately, RFID technology can help these companies recover from the crisis faster than expected. The technology can be used to monitor parts remotely and determine if more than the required number of people is gathering in a certain area.
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RFID technology will also benefit packaging manufacturers in the future. In addition to improving inventory management, RFID tags can increase a company’s revenue by delivering targeted advertising and customer engagement. These benefits are worth the extra cost of RFID tags on products. Further, RFID tags are expected to reduce the cost of packaging for many different products.
At the event, attendees can experience the latest technologies in the industry. A number of live demonstrations will also allow attendees to see how RFID technology can help improve their converting playbooks. Some of the companies exhibiting at the event are developing innovative technologies that will make the conversion process faster. For example, Anderson & Vreeland will showcase its Procurement Vendor Management Inventory System that uses RFID technology to streamline inventory management.