“Green, Sustainable Packaging” has always been the development direction of the packaging and printing industry. In the packaging market, food packaging demand for PET has continued to grow. The European Union (EU) has already taken measures to reduce the amount of plastic waste. In the EU, recycled plastics and additives can only be used in food and beverage packaging if they’re first reviewed by The European Food Safety Authority (EFSA) for safety. At Present, EFSA gave four companies approval to recycle PET into food packaging using Erema and Starlinger technologies.
Therefore, in 2020, more and more companies will join the RPET wave and contribute to the cause of the earth’s green and environmental protection. RPET means (recycled) polyparaoxide ester, which is mostly used in industry, clothing, home textiles, etc. From the current market situation, it has been widely recognized by the market.
As a member of the environmentally friendly printing industry, Sun Hing Printing Group follows the purpose of global environmental protection and customers’ requirements for environmentally friendly materials, and actively promotes “sustainable development”, “green environmental protection” and reduction of “plastic pollution”.
According to the latest report of the industry research organization Freedonia Group, by 2021, the demand for PET film in the packaging market is expected to maintain a 2.4% growth, eventually reaching 322 million pounds, surpassing the growth rate of any other major packaging film.
According to the “US Packaging Film Market”, the main driving force for growth is the ever-increasing barrier performance requirements, especially in food packaging. PET has moderate barrier properties, which makes it more in line with this requirement than other film materials at a similar cost.
The demand for PET film for food packaging is expected to maintain an annual growth rate of 2.5% by 2021 and eventually reach 219 million pounds. Meat, poultry and aquatic products, as well as instant food, were the two largest markets for PET film packaging output in 2016, and the two markets together accounted for 40% of total demand. In these two markets, higher demand for barrier effects will stimulate growth.
Plastics recycling in Europe is expected to grow significantly in the next five to ten years, particularly in response to increased pressure from regulators and consumers. Governments and major brands are continuously discussing and refining targets to reduce waste and improve the circularity of the plastics value chain.
