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Thermoforming Packaging Market to Rake USD 74.47 bn by 2026

04 Jun 2019
Kelvin Larson

According to Acumen Research and Consulting, the global thermoforming packaging market size is expected to reach 74.47 billion by the end of year 2026. The market is estimated to grow at a CAGR of 6.5% over the forecast period2019-2026. The Asia Pacific market is anticipated to be the biggest customer of thermoforming packaging of the worldwide market, as far as volume, before the finish of 2028. The United States is evaluated to hold a market offer of about 22% of the worldwide thermoforming packaging market.

Smurfit Kappa announces the winners of its Better Planet Packaging Design Challenge

23 May 2019
Abhishek Agarwal

Smurfit Kappa has announced the winners of its first ever Better Planet Packaging Design Challenge.

The competition, which attracted over 300 entries, was part of the company’s drive to provide a collaborative platform to solve one of the biggest challenges in the packaging industry – to reduce the amount of non-recyclable waste that is generated every day.

The first challenge was to develop an alternative for the plastic stretch wrap which is used around pallets to provide stability during transport and storage.