PACKAGING, DISPOSABLES & RECYCLING


will undoubtedly have an eye on the cost of individual components and what makes up the end product – which includes packaging. For Herald, in relation to the vending industry, this impacts on any cups we supply. “I imagine that, going forward, our vending customers will be less concerned with the high-end, disposable cups and more interested in quality, cheaper versions that still do the job and are safe and comfortable to hold and carry but may be a tad less robust. “Buyers have to be aware of false economy though. If cups are perceived as being too thin, customers will choose to double cup to achieve the required sturdiness and stocks will need to be replenished more frequently. Better to stick with the best affordable quality and shop around if you’re not satisfied with your current supplier. “Customers need to be cherished right


Don’t sacrifice quality for low cost


The financial squeeze on vending suppliers is forcing them examine the costs across the supply chain and that also affects packaging according to David Martin, marketing manager for disposables manfacturer and supplier Herald.


“Margins are being squeezed right now


across the board. Costs have drastically increased, including raw materials, and, at the same time, consumers have less money to spend. It doesn’t get much worse. Those operating in the vending and catering markets


All wrapped up


The increasing popularity of cost-efficient, lightweight, and easy- to-use food grade wrapping film in comparison to traditional and more expensive packaging items is projected to aid in expansion of this market until 2026 according to Transparency Market Research. The Covid-19 pandemic had a tolerable impact on the food


wrap market owing to the fact that the food sector was in high demand while other industries remained under stringent lockdown orders. However, initial barriers in the form of disruptions in supply and demand chain posed certain challenges in terms of raw material supply. But now, the expansion of production facilities for covering the incurred losses during pandemic is projected to aid in expansion of the global food wrap films market in the coming years.


KEY FINDINGS OF THE STUDY Flexible packaging films help in the preservation of flavours, and quality of food reliability. Various products today require resistant packaging solutions to protect them from external atmospheric conditions. Food wrap films with multiple layers protect products from being damaged. Such features will help boost the overall growth of this market.


now. Everybody is having to make choices about how they spend their cash so if somebody is making the choice to buy your vending product, make sure they are happy with that choice. Maintain quality and give them a reason to come back again. “The good news is vending is likely to still


be classed as an affordable treat for many so as long as you don’t sacrifice quality when trying to control escalating costs, you can ride over what is a pretty bumpy road.


KEY DRIVERS The expansion of the food service industry creates lucrative opportunities for packaged food manufacturers. The increased demand for on-the-go food is a major driver augmenting the market for food packaging film roll. Food products necessitate wrapping to keep the temperature stable. Busy schedules of people and the unwillingness to prepare food has further boosted the demand for ready-to-eat and packaged food products. This is necessary so that the packaged food can be devoured as per the convenience of the consumer, regardless of the date it was prepared. Food wrap film also offers protection against odor, oxygen, and moisture, thereby extending the shelf life of food products. Such factors are projected to aid in expansion of the global food wraps films market in the forecast period.


REGIONAL GROWTH DYNAMICS Europe is expected to emerge dominant for the market for food wrap transparent film by 2026 on account of the presence of major players. The rising popularity of bakery and confectionery food items and the worldwide inclination towards international confectioneries will further help this region continue dominate the market in the forecast period. Besides this, Asia Pacific is also projected to rise significantly on account of the presence of raw materials at cost efficient prices, cost efficient labour, and presence of latest production technology.


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