Connect with us
Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

News

Key Roadblocks Hindering the Growth of the Flexible Packaging Industry – Request a Free Demo for Exhaustive Insights | SpendEdge

gbafNews28

SpendEdge, a leading provider of procurement market intelligence solutions, has announced the completion of their latest article on the four challenges flexible packaging companies need to watch out for.

Today, flexible packaging is gaining grounds in the field of primary packaging. Its relevance is highlighted by its capability to preserve a product and trigger sales. Manufacturers are consistently creating flexible packaging materials and bringing them to the market on an unprecedented scale. These design aim at minimizing waste, reducing costs, attracting customers while preserving products. But there are several challenges facing the flexible packaging industry.

At SpendEdge, we understand that flexible packaging companies have to endure various difficulties in their operations. And to help you understand them better, we have listed the key challenges facing the flexible packaging industry.

Key Challenges Faced by Flexible Packaging Companies

Rising raw material costs

Paper, plastic, resins, films, paperboard, and adhesives are some of the common raw materials used by flexible packaging companies. However, prices of these raw materials are witnessing a surge in recent times. Price of other materials have also been on a rise due to reduced supply. This is impacting the competitiveness of companies in the flexible packaging industry.

Monitoring raw material costs is crucial for companies to address the rising production costs. Request free platform access to gain over 1000+ reports catering to different categories.

Rapid technological changes

CPG companies constantly look for ways to cater to consumer’s demands and improve their offerings. They rely on flexible packaging companies to innovate their offerings and retain more customers. But flexible packaging companies often find it difficult to keep pace with fast-changing demands and require constant technology upgrades and capital investments. To gain comprehensive insights into the factors impacting organic food supply chains, reach out to our experts now!

Sustainability challenges

A huge amount of waste is generated by companies in the flexible packaging sector. Most of the materials used are often non-recyclable. This increases the chances of being flagged by governmental organizations, environmental groups, and stakeholders. Companies have to account for designs that can address environmental issues, end-of-life disposal, and reduce greenhouse gases.

To get more insights into the challenges faced by companies in the flexible packaging industry, request for more information.

You may also like:

About SpendEdge:

SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions.

Request free proposal to know more, https://www.spendedge.com/request-free-proposal

SpendEdge

Anirban Choudhury

Marketing Manager

US: +1 630 984 7340

UK: +44 148 459 9299

https://www.spendedge.com/contact-us

Advertisement
Editorial & Advertiser disclosure

Call for Entries

Global Banking and Finance Review Awards Nominations 2022
2022 Awards now open. Click Here to Nominate

Newsletters with Secrets & Analysis. Subscribe Now

Recommended

Global Banking & Finance Review® is a leading financial portal and Print Magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management. Copyright © 2010-2021 GBAF Publications Ltd - All Rights Reserved.