TotalEnergies and Sulapac to offer packaging for cosmetics industry
The evolution of packaging through digital printing. NAPCOR LCA claims PET bottle ban causes more environmental damage. And Mondi and DS Smith reach agreement in principle on all-share offer.
Major players gain a competitive advantage in the market as digital printing redefines industry standards with its versatility, customisation options, and sustainability advantages.
Per GlobalData, the global packaging industry volumes increased from 4.1 trillion units in 2022 to reach 4.6 trillion units and is expected to grow at a CAGR of 2.6% during 2022–27. The global packaging volumes for all industries was led by the food industry, accounting for a 50.9% volume share in 2022, followed by non-alcoholic beverages. The non-alcoholic beverages industry is forecast to grow fastest at a CAGR of 3.7% during 2022–27.
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