Today: November 30, 2015, 9:04 am

New C&M analysis: Packaging Industry (Philippines) San Miguel Yamamura Packaging Corp Company Profile
San Miguel Yamamura Packaging Corp in Packaging Industry (Philippines) - a new company profile report on 2014-03-18 22:11:01
San Miguel Yamamura Packaging Corp represents a joint venture between San Miguel Corp and Yamamura Glass Company Ltd which is based in Japan. San Miguel Yamamura International Ltd acquired Cospak packaging company in Australia to improve the company´s international capabilities. Towards 2011, more Filipinos enjoyed the increased employment opportunities as the US and other larger countries began to recover from the financial crisis of 2008-2009. This has resulted in many business-process outsourcing options for Filipinos, which in turn gave households in the country a greater disposable income, driving packaging growth for food and beverage as well as personal and home care products. Even dog and cat food benefited from higher incomes, as more families have become open to pet ownership with the extra money they have.

Following these job opportunities, households in the country have become increasingly busier. The trend has leaned towards more dual-income and single-person households, causing the majority, if not all, consumers to prefer high-quality as well as conveniently-packed products. Busier schedules have likewise done away with days fully devoted to shopping, resulting in a strong, tangible shift towards lighter weight packs like PET bottles and jars and flexible packaging, as well as a robust response to packs with closure innovations for added convenience.

In addition to the preference for lighter and more convenient pack types, consumers´ busier lifestyles also benefited sales of single-serve packs, cutting across all product categories. Not only did personal care everyday-necessity items like shampoo and 2-in-1 products continue to exhibit strong growth for single-serve sachets, even more luxurious items like cheese performed well in single-serve packs. Players concede that consumers have increasingly become more willing to pay a higher price for the added convenience, as their lifestyles prohibit the extra effort that used to be a breeze to give.

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