In our journey through AI in manufacturing, we first explored the available AI technologies and then broke down practical ways for converting companies to apply them. Now, in this final part, we’ll...
By 2025, global IT spending is projected to reach a staggering $5.6 trillion (USD) dollars worldwide.
Concurrently, the global flexible packaging market is in a state of growth, and is anticipated to be worth $238.91 billion (USD) by 2029.
Here we look at some packaging technology solutions that help to align these two trends, and support enterprises within the packaging industry to exploit the opportunity presented.
Contents
- 1. MES Applications
- 2. Automated Packaging Lines and AI-Driven Solutions
- 3. IoT-Enabled Smart Packaging Systems
- 4. AI-Driven Quality Control Systems
- 5. Sustainable Packaging Innovations
- How to Implement These Technologies for Maximum ROI
1. MES Applications
General (or non-packaging specific) Enterprise Resource Planning (ERP) systems can effectively support many core business processes (such as finance, HR, sales, and procurement), they lack however, the specialized functionality needed for the packaging manufacturing industry.
MES Applications can support the unique requirements of the flexible packaging, labels, and folding carton industries; by adding industry-specific functionality - that integrates with an existing ERP, offering a fast time to value.
These applications provide tools that enhance usability and ensure that all functions align with industry best practices, leading to improved outcomes and efficiencies; ultimately reducing operating expenditure (OPEX).
For example:
- Get complete plant visibility, by knowing all of your production data in real-time you can track costs and minimize downtime
- Optimize complex production schedules to minimize make-ready times, reduce switch-over costs, ensure efficient equipment usage, enhance capacity management, and minimize waste.
The further benefit of MES Applications, is that they can effectively be 'added-on' and expand functionality when your businesses grow as your business requires.
2. Automated Packaging Lines and AI-Driven Solutions
The integration human creativity and expertise with advanced technology (IoT, and artificial intelligence) can reduce OPEX by streamlining repetitive tasks, reduce manual labor costs and increasing production speed.
By adopting these technologies, packaging businesses can:
Reduce Waste in Packaging Manufacturing
Adopting effective waste management strategies boosts productivity, matches production with customer needs, and maximizes resource utilization. When integrated with technological innovations like real-time monitoring and workflow automation, waste management transforms into a significant catalyst for profitability and sustainability.
Enhance Sustainability
Auditable ESG reporting offers significant benefits to packaging converters by enhancing transparency and accountability in their operations. This level of scrutiny not only helps build trust with stakeholders, including investors and customers, but also ensures compliance with regulatory standards.
By systematically tracking environmental, social, and governance metrics, packaging converters can identify areas for improvement, optimize resource use, and reduce waste, ultimately leading to cost savings and a more sustainable business model. Furthermore, demonstrating a commitment to ESG principles can differentiate converters in a competitive market, attracting eco-conscious clients and opening up new business opportunities.
Increase Efficiency
As leaders face the challenge of optimizing production processes while ensuring high-quality standards, the importance of effective control strategies becomes crucial. By implementing intelligent automation, strategic planning, team training, proactive maintenance, integrating quality, and efficient resource management, companies can gain a competitive edge.
3. IoT-Enabled Smart Packaging Systems
IoT-enabled smart packaging systems utilize smart sensors to track product conditions and prevent quality issues. These systems enhance supply chain visibility, allowing for better inventory management and reducing the risk of stockouts or overproduction.
By implementing smart packaging solutions, businesses can ensure product quality, optimize inventory levels, and improve overall supply chain efficiency.
IoT-enabled smart packaging is used across various sectors, but is particularly prevalent within healthcare, food and beverage, and pharmaceuticals; industries driving the growth in flexible packaging.
4. AI-Driven Quality Control Systems
The global AI market is forecasted to reach around $3,680 billion by 2034, the packaging industry is one amongst many adapting to future where AI will take centre stage.
AI-driven quality control systems employ machine vision technology for defect detection, significantly reducing waste and ensuring consistent product quality. These systems can identify defects with high accuracy, allowing for timely corrective actions and minimizing the need for rework.
By maintaining high-quality standards, packaging businesses can reduce returns and enhance customer satisfaction, contributing to higher profitability.
5. Sustainable Packaging Innovations
In recent years, sustainable packaging innovations have taken center stage as companies strive to reduce their environmental footprint while maintaining cost efficiency. Eco-friendly materials such as biodegradable plastics, recycled paper, and plant-based polymers are becoming increasingly popular, offering a viable alternative to traditional packaging that often ends up in landfills.
These materials not only help in minimizing waste but also support a circular economy by encouraging recycling and reuse. Additionally, waste reduction strategies like lightweighting, which involves using less material without compromising the integrity of the packaging, further contribute to sustainability goals.
Supporting customers in the transition to sustainable packaging not only aligns with environmental goals but also offers significant financial rewards. By investing in eco-friendly packaging solutions, businesses can tap into a growing market of environmentally conscious consumers, thereby increasing their customer base and enhancing brand loyalty.
Sustainable packaging often leads to cost savings in the long run, as it can reduce material usage and waste management expenses. Additionally, companies that prioritize sustainability may benefit from tax incentives and subsidies, further improving their financial performance.
As regulatory pressures mount and consumer demand for green products rises, businesses that proactively support sustainable packaging are likely to gain a competitive edge, driving profitability and long-term growth.
How to Implement These Technologies for Maximum ROI
To maximize ROI from these technologies, packaging businesses should start by evaluating their current processes and identifying gaps in their automation opportunities. Ensuring seamless software and system integration is critical for smooth operations.
