Global Trends
Check out the latest blog posts for what’s happening in the global packaging and processing industry.
Check out the latest blog posts for what’s happening in the global packaging and processing industry.
Following the signing of the US-China Phase One trade deal yesterday, USTR has published the full text of the deal. Both the US and China have agreed to cancel additional tariffs under Section 301 Tariff Lists 4B scheduled to enter into effect on 15 December 2019. China has promised to increase purchases of US agricultural and energy products, as well as adopting policy changes related to intellectual property and forced technology transfers.
Thermo-shrink labeling is just one of the newest packaging trends that is disrupting traditional packaging methods in Mexico.
The market for Chinese packaging machinery manufacturers has become extremely competitive, with over 7,000 packaging machinery players. While most are focusing on a certain sector (with food and beverage being the largest), other companies are crossing over and developing equipment to expand into multiple sectors. These new sectors include household chemicals, pharmaceuticals, cosmetics and personal care.
In 2018 the government of Maharashtra and 20 other states in India issued a statewide antipollution ban on plastics—including the manufacturing, use, sale, distribution and storage of plastic materials such as bags, spoons, plates and more.
There is an expected growth for spending on food and beverage across the Middle East and North Africa through due to strengthening consumer spending power, affluent customer bases, tourism growth and further development of mass grocery retail formats.
China opened its exclusion request process on Sept. 2, 2019 for U.S. goods on China’s Section 301 retaliation Lists 3A through 3D to potentially remove retaliatory duties ranging from five percent to 25 percent tariffs on nearly all of PMMI products. Exclusion requests will be accepted through Oct. 18, 2019.
Mexico is an attractive market for investors in the food and drink sector due to its young population, wage growth, growing middle class and expected growth opportunities for bottled water, coffee and grocery e-commerce. Key trends such as consumers’ focus on health and convenience are expected to drive the value performance of the packaged food industry.
Though it’s certainly popular, maple syrup isn’t in the top food and beverage product categories. Find out which are, and discover some industry opportunities in the Canadian market:
Keep updated on the latest industry trends around the world. Find out some areas of opportunity in the Brazilian market now
Earlier this month, the Trump Administration announced that U.S. Section 301 List 3 tariffs on $200 billion of Chinese goods with an additional 10 percent was too take effect on Sept. 24, 2018. The level of the additional tariff will increase to 25 percent starting Jan. 1, 2019.
