After the Nicaraguan company Astro Packing Solution announced an indefinite closure of its operations, local companies predict that packaging will become more expensive in the coming weeks and will be forced to look for new suppliers in neighboring countries.
Vacuum packaging, films for use in agricultural production and resin for mass consumption were some of the products that increased their sales in the Guatemalan market during the pandemic.
As a result of the pandemic that generated the spread of covid-19, during 2020 there were changes in consumption patterns, a phenomenon that forced the plastics industry to adapt to the new reality.
The use of unique codes that can be scanned with a mobile device, so that consumers know all the product information and companies interact with their customers, are part of the innovations that some packages already have.
Currently, consumer interest in products that are manufactured with environmental and social responsibility has grown. More and more customers want to have more details about the production processes and the origin of the goods.
From January to July 2020, Central American companies imported $62 million in paper and cardboard from Mexico, 28% less than in the same period in 2019, a decrease that can be explained by the drop in purchases in all markets in the region.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
Given the rise of online commerce to the detriment of traditional channels, the contact point between customers and brands is packaging, which must meet the demands of consumers, who are increasingly responsible for the environment.
Studies carried out by companies that provide courier services, detail that in a context of booming e-commerce, 90% of companies believe that in the coming years packaging will be more important, in the area of sustainability and in reducing carbon emissions.
Exporters are preparing for the new regulation that will be implemented from 2020 in the U.S. market, among which is the application of a new table of nutritional data in packaged products.
Representatives of the Guatemalan Association of Exporters (Agexport) reported that both U.S. and foreign companies exporting to the U.S., must comply with new food labeling standards.
Since consumers are less willing to buy products whose packaging is harmful to the environment, the packaging industry must begin to incorporate these trend changes in the development of its packaging design.
The increase in the diffusion of ideas proposing sustainability in the production and commercialization of goods opens a space for companies to implement strategies based on the preference for the consumption of "eco-friendly" products.
Entrepreneurs from the European country are exploring opportunities with Guatemalan exporters to provide technology products for the agricultural sector.
Technology for processing and packaging of traditional products such as legumes, vegetables and orchids are some of the offers made by Dutch entrepreneurs which are being promoted in Guatemala.
Recyclable and biodegradable bottles and packaging with a "second life" are some of the packaging trends arising in the food industry.
From a report by PROCOMER:
In the food sectorpackagingas a conceptis becoming increasingly present and brands are targeting their strategies towards green and practical practices. Experts believe that this is a crucial part of brand perception as it is a major point of contact with the consumer.Specialistshave detailed upcoming trends in packagingwhich are being backed by the food sector:
The structure of the packaging, the role of "online" packaging, the trend of smart packaging and packaging experience, are some of the factors that will drive the industry this year.
From a report by PROCOMER:
Five trends will drive the market of packaging and bottling, announcedthe Mintelin its report "Global Packaging Trends 2017". The points, which the firm inidcates must be taken into consideration by manufacturers, consumers, retailers and industrialists in order to achieve better results and be at the forefront are:
Two businessmen have acquired 100% in the equity interest of Corporación Yanber, which earlier this year had been handed over to creditors in order to avoid bankruptcy.
Francis Durman told Crhoy.com that"... 'The intention was never to acquire the company, rather the need to inject more resources to capitalize the company was fundamental to achieving the goal of balancing the operation in the first year and starting to generate profits from the second year.This capitalization is very important to ensure the future of the company'."
Approval has been given to exemption of import tax for a first contingent of egg cartons.
With this duty free import a solution is underway to the problem of local shortages caused by a fire in the only factory producing such packaging in the country.Panamaamerica.com.pa reports that "...Moldeados Panameños, S.A.
The plastics company is in the hands of its creditors, who will form a new board that will focus on restructuring the company in order to sell it within two years.
Creditors of the manufacturer of flexible packaging Yanber, agreed to receive the company as payment for debts owed to each of them in order to keep the business going.
The Yanber Corporation requested use of the Preventive Convention in order to suspend payments in June 2015 , with the aim of reaching a settlement with its creditors, in order to avoid falling into bankruptcy and to continue operating. With the current agreement, the company will become the property of a trust-owned by its creditors.
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