On a global scale, the Packaging industry is an enormous economic generator. Statistics from the well-recognized Smithers Pira organization indicate demand for the world packaging industry will reach $1.05 trillion by 2024. Consumer trends and industry trends for packaging drive this gigantic growth rate.
The Packaging industry is adopting smart and sustainable solutions to make product packaging more consumer, brand, and environmentally friendly. The major Packaging industry trends that enable smart packaging are the internet of packaging, active packaging, and nanotechnology. However, since the COVID-19 pandemic has kept people in their homes, packaging from online shopping creates the serious challenge of waste production. Hence, startups and scaleups accelerate innovations around biodegradable, recyclable, and edible packaging. At the same time, the deployment of 3D printing and robotic packaging simplifies packaging processes and reduces costs for consumer companies.
Packaging can be an exciting and lucrative career with virtually unlimited growth potential. Research shows that packaging is one of the fastest growing industries in the world.
Despite the ups and downs of world economies, packaging is an industry that stays in demand.
No matter what happens, people always need food, healthcare, transportation and consumer goods (amongst other things) in order to survive. That means jobs in the Packaging industry are all but guaranteed to remain stable.