Today: August 2, 2015, 2:25 pm
  
New C&M analysis: Packaging Industry (Philippines) Innovative Packaging Industry Corp Market
companiesandmarkets.com
companiesandmarkets.com
Innovative Packaging Industry Corp in Packaging Industry (Philippines) - a new company profile report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-20 09:29:02
Innovative Packaging Industry Corp represents one of the leading packaging companies in the Philippines. The packaging market in the Philippines has benefited from consumers and households increasing their spending power and with the greater disposable income, the volume of consumer goods purchased has increased. 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.

Click for report details: www.companiesandmarkets.com/Market/Paper-and-Packaging/Company-P ..

Browse all Paper and Packaging Company Profile Reports www.companiesandmarkets.com/Market/Paper-and-Packaging/Company-P ..

Browse all Paper and Packaging Company Profile Reports www.companiesandmarkets.com/Market/Paper-and-Packaging/Company-P ..

Browse all Latest Company Profile Reports www.companiesandmarkets.com/Market/All/Company-Profile?aCode=f3f ..

About Us
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.com’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.


Press Information


Published by
Mike King
London: +44 (0) 203 086 8600
e-mail
www.companiesandmarkets.com
Related Articles

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.