ThePackHub Innovation Zone Snapshot
ThePackHub
Packaging innovation experts delivering packaging trends database, technical support, events, reports and ideation.
by Paul Jenkins , Managing Director of ThePackHub .
I'm pleased to share an Innovation Zone snapshot update, which provides a glimpse into the emerging trends on ThePackHub's global packaging innovation platform. New information on our In-site Refill & Reuse Event below.
The Innovation Zone database platform is a reliable destination for keeping up-to-date with the latest global packaging initiatives. With a comprehensive collection of packaging innovations worldwide, you can stay informed about the latest developments and advancements in packaging. Visit our platform today to learn more .
Power to the pack: refillable and reusable packs keep on coming
This week, I’m taking a deep dive into the world of refillable and reusable packaging.
The Innovation Zone platform is witnessing a rise in the tracking of refillable and reusable initiatives, boasting an unprecedented 87 new entries in the first part of 2023 alone. Fussy, a UK-based reusable deodorant brand that first made its appearance on the Innovation Zone in June 2021, is projecting a doubling of its revenues this year.
In the realm of cosmetics, the sale of refillable products has skyrocketed, recording an impressive 364% upturn in the seven months leading to the end of July 2022. The skincare industry has also observed a 46% surge in refill sales from January to October 2022, as both?reported by The NPD Group.
Market analysis by Smithers predicts that the refillable and reusable market will reach?$53.5 billion by 2027. This suggests a substantial financial opportunity, corroborated by the Ellen MacArthur Foundation's assertion that converting 20% of plastic packaging into reuse models could unlock a $10 billion business opportunity.
Recent legislation like Germany's mandate for restaurants and cafes to replace disposable plastic packaging with reusable alternatives are further propelling the demand for reusable packaging. These regulations not only pave the way to create a robust market for these solutions.
GIVE ME FIVE!
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Here are five new refillable and reusable packaging initiatives we think you should know about recently posted to the Innovation Zone.
In conclusion, the resurgence in refillable and reusable initiatives, backed by supportive policies and promising financial projections, is starting to reshape?industries like cosmetics, food, beverage and household.?As companies continue to innovate in response to consumer demand and environmental necessity, the market's growth is likely to accelerate.?The impressive performance of brands like Fussy exemplifies the potent opportunities that lie within the refill and refill sector, emphasising its potential.
ThePackHub are thrilled to launch our brand new?In-site Event?format. Our latest?packaging innovation seminar?is dedicated to?refillable & reusable?packaging, featuring an exclusive?site tour?of the established?Dizzie?reuse distribution/return centre, followed by a second tour of the impressive reusable packaging cleaning facilities at?Packaging Services Europe?(PSE).
Combined with?presentations?from industry-renowned reuse specialists, this unique event will provide solutions to the challenges of developing effective reuse systems.
Leading brand owners, retailers, and packaging suppliers trust the Innovation Zone to stay ahead with the latest packaging innovations. Contact me to learn how membership can enhance your company's understanding.
Please?visit?ThePackHub ?or call us on +44(0)118 963 9990 to find out more about our range of packaging innovation services.?
Until next time. Happy innovating.