2022 PACKAGING INDUSTRY TRENDS
On a global scale, the packaging industry is an enormous economic generator. Statistics from the well-recognized Smithers Pira organization indicate demand for the world packaging industry will reach $1.05 trillion by 2024.
Consumer trends and industry trends for packaging drive this gigantic growth rate. To understand this phenomenon and appreciate where it’s heading, it’s necessary to examine the top packaging industry trends for 2022.
RECYCLED PACKAGING PRODUCTS IN USE
The recycled packaging trend has never been so popular. The movement started a generation ago with the 3-R
principle: reduce, reuse and recycle. Today, the 3-R model creates a circular economy where it’s a mainstay for how proper product packaging performs. Recycling has now become firmly embedded in the American psyche.
Recycled packaging is part of the worldwide sustainability movement. For years, the vast majority of packaging waste found its way to landfills. Worse yet is the mass of non-perishable plastics currently floating in the oceans.
That pollution cannot be ignored, and many consumers want to do what they can to prevent it. They’re choosing recyclable product packaging instead.
Looking toward 2022, businesses will also join the recyclable packaging movement. Retail giant Amazon is taking action and requiring its vendors to meet waste-efficient packaging standards or pay a $1.99 fee per package. In addition, over 400 organizations have signed the New Plastics Economy Global Commitment. These companies are committing to increase their recycled packaging by 25% by 2025.
Technology is also improving the packaging material industry. Advancements in plastic and paper chemistry now allow recycling to be easier and more convenient than ever. Federal, state and local authorities also promote and encourage packaging recycle programs.
Some of the main things driving the 2022 trend toward recycled packaging products are consumer choice and company action. People avoid purchasing anything packaged in non-recyclable materials, and companies are switching materials to accommodate.