Consumers Look for Nutrition, Taste, and Smart Packaging Options

Cosmo Films Limited, a Global Leader in Films for Packaging, Labelling, Lamination and Synthetic Paper and an emerging player in Specialty Chemicals, Polymers & Pet care today announced expansion by setting up CPP film production line at Aurangabad with annual rated capacity of 25,000 MT. The CPP line will require investment of about Rs. 140 crores to be funded through internal accruals and debts and is expected to commence commercial production in 2 years. Commenting on CPP line project Mr. Pankaj Poddar, Group CEO, Cosmo Films Ltd said, “Worldwide significant focus is being given on recyclability & sustainability of packaging films. Monolayer structure of CPP and BOPP is most preferred structure to address sustainability requirements."

The Georgia-Pacific corrugated plant in Bradford, Pennsylvania, will undergo a significant upgrade with an investment topping $34 million. The funding will provide new equipment to modernize the plant’s operations. The upgrades include a new corrugator, two new converting lines, and upgrades to the shipping department, which will help the plant operate more efficiently. Newer converting equipment will improve the plant’s throughput and print capability to better meet customer needs. The plant team will begin preparing the facility for installation in the coming months, with the first equipment expected to be installed in the first quarter of 2023. It will take approximately 12 to 14 months to complete the upgrades.

"We want to be at the forefront of understanding what consumers want when they are shopping online, and what they expect from the packaging protecting their purchases. This research has revealed five macro trends shaping the growing eCommerce packaging market, providing useful insights as we partner with leading retailers to co-create the most sustainable packaging solutions for their needs." Mondi Group eCommerce Director, Nedim Nisic. The five key trends are - Trend #1: Protection of goods and environmental considerations continue to be two of the strongest customer requirements Trend #2: Overpackaging is costing more than expected Trend #3: The unboxing moment matters Trend #4: Consumers are increasingly willing to pay a small premium for packaging that meets their needs Trend #5: The behaviour and trends of Millennials are driving the market