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Euromonitor International
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Adjusting Forecasts: COVID-19 Hurts Apparel, Luxury Goods; Helps Alcohol, Food, Bev
A February 2021 report from the FPA and Euromonitor, reflecting data collected in Nov. 2020, shows how the pandemic impacted different vertical markets in different ways.
Beverage
PET Leads Beverage Pack Type, but Sustainable Options Still a Growing North American Trend
Though bottled water’s continued growth in the North American beverage market boosts PET dominance in the region, manufacturers are looking at other, more sustainable pack types too.
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Top Trends Affecting Global Packaging
On-the-go consumption, smaller pack sizes for portion control and convenience, sustainability, and recyclability are all current themes of innovation in global packaging.
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Top trends affecting global packaging
On-the-go consumption, smaller pack sizes for portion control and convenience, sustainability, and recyclability are all current themes of innovation in global packaging.
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Frito-Lay commands U.S. savory snack market
Flexible packaging drives the savory snacks category, with relatively small contributions from paper-based containers and rigid plastics.
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Flexible packaging dominates baked foods market with a 76% share of all packaging materials
According to Euromonitor, Kellogg’s brand by The Kellogg Company, (which includes Pringles, Nutri-Grain and Cheez-It) leads the baked foods category in the U.S. in 2018. Little Debbie brand from McKee Foods holds the second spot.
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Reese’s (Hershey) was the top-selling confectionery brand in the U.S. for 2018
M&M’s (Mars) brand is second, according to research by Euromonitor. Rankings are based on total retail sales.
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Growth of plastic
Market research provider Euromonitor recently released a report called “Ethical Living: Plastic—Lose it or Re-Use it.”
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Seniors represent lucrative market opportunity
Euromonitor says the over-60 group will account for 18% of the global population by 2030.