4 Interesting Facts about Packaging
Here we have rounded up some interesting facts about packaging that tell you about the importance and outstanding growth of packaging.
• Have you ever thought to sell your products without packaging? It sounds weird. Isn’t it? • No matter if you manufacture toiletry or food products, you can’t deny the importance of packaging in your business. Without proper packaging, product may not be delivered intact to the customers. Besides, it is the first thing a customer sees while buying the products. An attractive and proper packing always attracts customer’s eye. This is why packaging can’t be kept out of the scene, whether it’s product designing or branding.
• After this brief description of packaging’s importance, let’s get back to the title (which promised to give interesting facts about packaging industry). • Here we have listed some startling facts about packaging industry that will leave you in awe.
Packaging Industry Will Be 14 Billion Industry By 2022:
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Research and Markets, one of the world’s leading research firms, has speculated that packaging industry will reach USD 14.64 billion by 2022, growing at a CAGR of nearly 12.0% from 2017. Thanks to the demand of packaging in developing nations, new industry regulations, technological advancements due to increased R&D investments by companies.
The study also recognized plastic packaging as the largest packaging industry. According to Consumerreports.Org, nearly $150 billion are being spent by manufacturers on product packaging globally.
Half of Healthcare Packaging Pros are Still Sticking with the Same Company for a Decade
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48% of healthcare packaging employees have been working with the same company for a decade, according to the 2014 Salary Survey from Pharmaceutical & Medical Packaging News.
The study finds that all employees are satisfied with their job and position as well.
Now this is quite surprising in today’s scenario where retaining employees for longer is quite a challenge for most businesses.
First Patent Cardboard Dates Back to 1850s
• The history of cardboard is nearly 200 years old, though the first one was patented in 1856. In this patent, cardboard is mentioned as a high hat to be worn by English gentlemen. The first commercial paperboard (un-corrugated) is said to be manufactured in England in 1817 by M. Treverton & Son. In 1871, the world saw the patent of the first corrugated box which was then used to wrap glass items like bottles and glass lantern chimneys. Today, corrugated cardboard packaging is used in the shipping of the 90% U.S. products. Besides, the corrugated packaging industry has employed over 70,000 workers and has covered over 1,500 production facilities across North America.
Plastic Packaging Rules the Cosmetic Market
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Plastic packaging—like bottles, jars, and tubes—is widely used in cosmetic industry. And the packaging will achieve a growth of 12% by 2019. Bottles are widely used plastic packaging, gaining a market share of 30% of the market. Plastic packaging is preferred by cosmetic industry for its characteristics like break-resistance, anti-spilling, and portability.
Amidst the popularity of plastic packaging, cartons are slowly making inroads into cosmetic industry as they rose from 9% (2010) to 19%.