The impact of covid-19 on the packaging industry will have mixed impact and it depends on their portfolios to different end-users of packaging. Most of the packaging manufacturers supply their products and services to important industries including pharmaceutical packaging, packaged food, labelling of hand sanitizers and disinfectants, and packaging of soaps, detergents and hand washes which are currently in high demand. However, without significant packaging, entire food, pharmaceutical, and consumer goods industry will collapse.
Biostimulants are biologicallary produced fertilizers that are used to stimulate plant development and productivity, in addition to the nourishment of agrarian products. A biostimulant boosts plant development and growth throughout the crop life cycle, i.e., from seed germination to plant maturity. These fertilizers further help in facilitating nutrient translocation, assimilation, and use; and enhance soil fertility mainly by stimulating the development of interdependent soil microorganisms.
The bakery market is expected to gain momentum from the ever-increasing urbanization, which is further resulting in a rise in the demand for convenience food. The United Nations declared that approximately 55% of the world population was residing in urban areas in 2018.
In bakery industry, where one sector i.e. food service is plummeting due to lockdown, another sector i.e. household sector is making an increase in sales of bakery products. The increase in the sales is possible due to the incredible efforts of the entire bakery supply chain.
COVID-19 has printed a negative impact on global economic outlook in the first quarter of 2020. The immediate animal nutrition industry suffers from major supply chain disruption. The pandemic have affected countries such as Italy, Spain, France, China and other key countries and down chain supplier region and feed sector struggling to meet the demand.
During the start month of 2020, the pandemic has resulted in lockdown mostly all over the world. The lockdown resulted in disruption in the supply and demand chain. The agriculture sector has to suffer from various problems such as labor unavailability, inability to access markets, and lack in the availability of fertilizers, among others.
The meat industry is largest segment of food industry. The growing demand for the high valued animal protein has brought an increasing pressure on the livestock sector since long. It has been observed that this sector is growing with unpredicted growth rate due to certain driving factor such as increase in population, rising income and increasing urbanization. According to WHO, the meat production is projected annually with an increase to 376 million tons by 2030 from 218 million tons in 1997-1999.
COVID-19 outbreak has also made healthcare professionals to look for alternative methods to traditional systems and processes. This is leading an expedited adoption of mHealth across the industry both from providers and consumers.
In the e-commerce packaging industry, each dealer has predicted the crises that will occur due to the pandemic situations that the COVID-19 is generating globally in the e-commerce packaging market but COVID-19 has the mixed pattern situation for the e-commerce packaging companies in developing countries. The jumbled situation can be examined as we can see the demand for medicine, packaging food, raw food and other essential items has been increased dramatically. At the same time, the demand for other goods that are not used on a more frequent basis has decreased as a result of lock-ups in the various regions. For the product ranges sold by manufacturers / dealers, the effect of COVID-19 on the e-commerce packaging firms can be seen.
Wearables technology products have been accepted well in the consumer medical tech field but the healthcare industry has questioned their utility beyond heart rate tracking and for more crucial applications of healthcare. This means that the market was limited to consumers and healthcare providers till now.