Michelman to offer plastic waste management compliance solutions

Speciality Films and Flexible Packaging Global Summit 2018

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Michelman

At the 7th Speciality Films and Flexible Packaging Global Summit 2018, that took place from 4-5 September at Grand Hyatt, Mumbai, Michelman introduced attendees to the Michelman Innovation Centre for Coatings (MICC) and its mission to develop integrated solutions that help the packaging value chain comply with Plastic Waste Management and other, ever-intensifying environmental regulations.

“At the MICC, we provide the packaging industry with all the tools necessary to innovate in a dynamic and evolving flexible packaging market” said Shailesh Nema, vice president and managing director at Michelman India. “In addition, we are currently helping companies comply with plastic waste management and other regulations by offering coating innovations that allow for mono-material package applications.”

Sustainable packaging incubator

The MICC is located at Michelman India’s Mumbai offices. It is a sustainable packaging incubator. It is strategically designed to serve the needs of India and its surrounding markets to allow for fast, efficient development of sustainable packaging solutions. In addition, through a combination of dedicated materials and application labs; ample opportunity for collaborative innovation; and an infusion of water-based technology; all members of the packaging value chain have access to the tools needed to achieve innovative and sustainable solutions for the natural environment and their business.

Furthermore, with significant investments in world-class talent, state-of-the-art equipment for testing and prototyping, along with proven, water-based technologies, the MICC has helped companies produce compliant solutions for numerous packaging applications including edible oils, frozen and refrigerated foods, lightweight dry foods, and many other mono-material applications.

Packaging South Asia — resilient, growing and impactful — daily, monthly — always responsive

The multi-channel B2B in print and digital 17-year-old platform matches the industry’s growth trajectory. The Indian, South Asian, Southeast Asian, and Middle East packaging industries are looking beyond the resilience of the past three years. They are resuming capacity expansion and diversification, with high technology and automation in new plants and projects.

As we present our 2024 publishing plan, India’s real GDP growth for the financial year ending 31 March 2024 will exceed 6%. The packaging industry growth will match the GDP growth in volume terms and surpass it by at least 3% in terms of nominal growth allowing for price inflation in energy, raw materials, consumables, and capital equipment.

The capacity for flexible film manufacturing in India increased by 45% over the past four years. With orders in place, we expect another 20% capacity addition in 2024 and 2025. Capacities in monocartons, corrugation, aseptic liquid packaging, and labels are grown similarly. As the consumption story returns over the next six months, we expect demand to return and exceed the growth trajectory of previous years. The numbers are positive for most of the economies in the region – and as shown by our analytics, our platform increasingly reaches and influences these.

For responsible and sustainable packaging, with its attendant regulations and compliances, there is significant headroom to grow in India and the region. Our coverage includes the entire packaging supply chain – from concept to shelf and to waste collection, sorting, and recycling.

We target brand owners, product managers, raw material suppliers, packaging designers and converters, and recyclers. This is a large and complex canvas – the only thing that can work is your agile thinking and innovation together with our continuous learning and persistence.

The coming year looks to be an up year in this region, and this is the right time to plan your participation and marketing communication – in our rich and highly targeted business platform with human resources on the ground. Share your thoughts and plans to inspire and mobilize our editorial and advertising teams!

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– Naresh Khanna (25 October 2023)

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