Continuing to answer the public demand, in 2020 "Plastic Applications in Food and Beverage Packaging Summit" will continue to perform as the leading platform for introducing technical innovations to Food and Beverage Packaging sector in Philippines and a business must-join for developing your network of industrial partners.
Philippines: ASEAN tiger in F&B manufacturing
Value of the Philippine's food processing sector is exceeding US $29 billion and with 10% annual is the second fastest in ASEAN. The Value of Net Sales Index of 2018 showed beverages sector growing by 27.7% and food manufacturing by 14.1%.
Supported by the constant growth of the plastics market (expected CAGR of 6.11%, during 2018 – 2023), the packaging application accounted for the highest market share with more than 48% in 2017 with flexible and rigid packaging in the lead categories.
With food sales forecasted to rise by a steady 8.6% a year in period of 2017-2021 and carbonated drinks to grow by an average of 11.2% till at least 2021, Philippine's F&B Packaging sector used 65.8 billion packaging units in 2018 and the demand only keeps growing.
Packaging Trends – eco-friendly and smart packaging.
With customers perceiving packaging more and more as a part of the core product, with contemporary design typically based on minimalism and communicating the brand values, companies need to innovate and put more efforts than ever to use Packaging as Marketing platform to develop brand awareness with Clean Labeling, minimalistic packaging designs and recyclable materials.
Bioplastics and other biodegradable materials are tested, implemented and improved. Production lines are being upgraded with the achievements of Industry 4.0 and IIoT to reduce impact on the environment. Corporate Social Responsibility programs are being created to educate consumers about reducing, reusing and recycling initiatives. And result of those are good not only for the environment, but for the brands as well with perception of eco-friendly brand correlating directly with its products sales performance.