New global industrial packaging market report expects growth through 2020
The industrial packaging market should expect global growth at a compound annual growth rate (CAGR) of 3.47 percent through 2020, according to technology research and advisory company Technavio’s recent "Global Industrial Packaging Market 2016-2020" market report.
The report provides an in-depth analysis and forecasting of the packaging market by geographical location and market segment — divided into crates and totes, sacks, IBCs and others.
"The growth of the market is mostly attributed to the supply of convenient rigid bulk packaging solutions by companies to customers across all consumables verticals," Technavio lead analyst Sharan Raj.
Some highlights from the report include:
- The report found that packaging crates made up 26 percent of all industrial packaging in 2015.
- The packaging of construction materials had the highest share in terms of use in 2015 but saw slow growth, with only 3 percent CAGR.
- Europe accounted for 30.71% of the global consumption for rigid bulk packaging in 2015.
To request a sample of the report, click here..
Nestlé to extend sodium alternative solution partnership with Chromocell
Nestlé and life sciences company Chromocell Corporation will continue the companies’ join effort to develop more reduced-sodium foods that are both nutritious and appealing.
As part of the partnership, which began in 2012, Nestlé provides funding to Chromocell to "identify natural compounds that provide similar or equally pleasing tastes to salt" using the Chromocell’s Chromovert® Technology.
New product launches of several items developed through the companies’ collaboration are currently in development. In recent years, the partnership has lead to identification of multiple sodium-reducing compounds.
Ammonia gas leak at food processing plant injures 17
A food processing plant in the Panchasayar district of the Kolkata, India-metro area saw 17 employees hospitalized after ammonia gas leaked from the plant’s pipeline.
Digha Seafood Exports, a leading seafood supplier and exporter in the country, employees primarily women. The plant’s leak prompted fear from many in the plant’s surrounding area, though injuries were contained to plant employees. Immediate steps were taken to repair the leaking pipe.
