Packaging is the first thing a customer sees while buying the product. Packaging not only makes product look attractive, but also protects it from the damage caused by weather, transportation and handling. Besides, it makes the product look standout on the shelves. In other words, it is a final stage of branding.
So, packaging is more than a mere material used to store or label the content.
Like everything on this planet, packaging is surrounded with many interesting facts.
Here we have listed some interesting facts about packaging that tell you about the importance and outstanding growth of packaging industry over the years.
Packaging Industry will Reach 14 Billion USD by 2022:
Research and Markets, the world’s leading research firm, has projected that packaging industry will cross USD 14.64 billion by 2022. The CAGR will be up 12.0% from 2017, according to the report.
One of the driving factors behind this growth is the ever increasing demand of packaging among developing nations. Besides, new regulations and R/D investments are other reasons behind the dramatic rise of packaging industry in the USA.
The study further says that plastic packaging will remain the largest packaging industry. Besides, Consumerreports.Org states that $150 billion is being spent on product packaging globally.
Employees Retention Rate is High in Healthcare Packaging Industry:
Did you know? Half of healthcare packaging professionals are working with the same organization for over a decade. According to the 2014 Pharmaceutical and Medical Packaging News survey, 48% of healthcare packaging employees are still sticking with the same company for over 10 years. The survey also found healthcare packaging industry best for overall job satisfaction.
This info will be a great surprise in today’s job culture where turnover rate is quite high among employees.
1850s Mark the Arrival of First Patent Cardboard!
Cardboard has been in existence for nearly 200 years. However, the first patent cardboard is believed to be introduced in 1856.
Interestingly, the patent mentions cardboard as a high hat worn by English.
However, the first commercial paperboard or non-corrugated is believed to be made in England in 1817 by M. Treverton and Son. It was not until 1871 that the first corrugated box was introduced which was then used for the packaging of glass items.
Today, 90% U.S. products are estimated to be packed in corrugated cardboards! There are over 1,500 manufacturing units for packaging across North America with 70,000 workers.
Plastic Packaging is Most Preferred by Cosmetic Market:
Plastic packaging comes in the form of bottles, tubes and jars. It is still preferred by cosmetic industry.
Industry experts are speculating that plastic packaging will achieve a growth of 12% by 2019. With a market share of 30%, bottles are the most used form of plastic packaging among cosmetic industries. Well, the reason is pretty simple as plastic is durable, anti-spilling and easy to carry.
However, cartons are gaining a steady momentum in cosmetic industry as they rose from 9% in 2010 to 19% 2016.