Plastics Punnets Market - Global Industry Analysis, Growth, Trends, and Forecast 2016 - 2027
Albany, NY -- (SBWIRE) -- 03/30/2018 -- Globally, the plastic punnets are prominently used packaging solutions for the packaging of the fresh produce, food, and vegetable products. This type of packaging format has gained significant attention in the last few years due to the substantial increase in the demand for lightweight packaging solutions across the globe to reduce overall waste generated due to high consumption of the materials in conventional packaging formats. The plastics punnets are also used for the packaging of some agricultural, food, and dairy products.
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The demand for plastics punnets is expected to increase at a CAGR value of 4%-5% during the next five years. Some of the key players in the plastics punnets market are engaged in the research and development of this product to further reduce cost factor and increase profitability margin.
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In August 2012, Italy-based packaging manufacturer ILIP entered into a joint project with the Department of Fruit Trees and Woody Plant Sciences at the University of Bologna to find out the role played by the packaging product in the preservation of the fresh produce.
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Also, some of the companies such as LC Packaging International BV, are offering plastics punnets made up of the 100% recycled synthetic material. This not only differentiates their product offerings from other players but also creates a better brand image in the market. However, this trend is expected to be followed by other packaging companies too due to increasing rules and regulations over the use of conventional plastic materials, primarily in Europe.