1、PACKAGING SECTOR BRIEFQ1 2024P A C K A G I N G S E C T O R B R I E F Q 1 2 0 2 4Key Trends in Packaging1The packaging industry continues to be driven by increased focus on sustainability and innovationHappening in Packaging Right NowInnovative packaging inputs ranging from specialty composites to bi

2、o-based formats are pushing the boundaries of packaging applications across a variety of marketsAdvanced MaterialsAutomation has evolved from standalone machines to comprehensive systems that integrate every phase of the packaging process,reducing operational costs,minimizing waste,increasing produc

3、tivity,and creating a safer work environmentAutomationAs global geopolitical and business environments become increasingly uncertain,U.S.companies will continue to seek domestic manufacturing opportunities to improve quality,de-risk supply chains,reduce lead times,and respond to consumer demands for

4、 Made in USA productsOnshoring of ManufacturingSigns that destocking many providers experienced through 2023 are beginning to normalize,supported by improving consumer sentimentInventory NormalizationRegulations are propelling the packaging industry toward greater sustainability,innovation,and trans

5、parencyRegulationsCompanies are exploring ways to minimize transportation-related emissions by optimizing packaging sizes and shapes,reducing the use of fossil fuels,and adopting more sustainable logistics practices to ensure that sustainability is embedded in every aspect of the packaging processSu

6、stainabilityP A C K A G I N G S E C T O R B R I E F Q 1 2 0 2 4Perspectives on Packaging2PlasticsPaperHealthcareProtectiveEquipmentServicesLabelsSelect Participants Key TrendsThe industry is driving toward the development of smart plastics,incorporating features such as biodegradability,extended she