Impact of COVID-19 on the Packaging Industry

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Impact of COVID-19 on the Packaging Industry
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Every industry, including packaging, has
witnessed the impact of COVID-19. From event
cancellations to short supplies due to extreme
lockdown observations, weve seen it all. But to
what extent has it affected the packaging
industry? Mr Pankaj Poddar, CEO Cosmo Films, in
an interview with Brands Leaders said
Packaging industry shall be in a better position
to navigate in this crisis though it is also
facing several challenges of costs going up,
demand coming from only a few sectors is putting
pressure on the prices, labour issues and other
operational challenges.
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Like a coin, every situation has two sides, and
so does this. With people concerned about their
health more than ever, the industry has seen a
rapid increase in demand for packaged items.
Earlier, while the additional packaging for food
products like fresh vegetables fruits was
considered a waste now has become preferable. You
may find many more such instances.
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Affect of Covid-19 on Packaging Industry
RESILIENCE
PROSPERITY FOR SMALL PACKAGING
SUSTAINABILITY CONCERNS
PROSPERITY FOR SMALL PACKAGING BUSINESSES
HIGH DEMAND
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Another industry generating high packaging demand
is e-Commerce retail. Strict measures like
lockdown and social distancing have forced both
sellers and buyers to go online. It increased
their dependency on the e-Commerce industry.
Here, the packaging requirement is much higher
than the physical stores to ensure safety during
transportation. Owing to these factors, both
physical and online stores have seen a drastic
increase in demand for packaging materials.
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Conclusion
Tough times dont define you, they redefine you!
At Cosmo Films, the largest supplier of
speciality films worldwide, we continued to serve
our clients while ensuring safety for employees
during the pandemic. Innovation has always been
at the core and didnt see any compromise due to
COVID-19. As part of our RD roadmap, we are
working on several new technologies including
intelligent packaging solutions, biodegradable
materials and Direct Thermal Printable Films,
says Mr Pankaj Poddar (CEO, Cosmo Films). Weve
recently introduced the all-new Anti-Fog BOPP
films, and have also been actively participating
in various CSR activities through our
philanthropic arm, Cosmo Foundation, to bring
about a change in the society.