2. Introduction:
Wrapping material around a consumer item that serves to
contain, identify, describe, protect, display, promote and
otherwise make the product marketable and keep it
clean.
Packaging is more than just your product's pretty face.
Brand recognition occurs when a customer can identify a
brand by it’s attributes.
Modern produce packaging can be custom engineered
for each commodity to extend shelf life and reduce
waste.
5. Innovation:
It is a significant positive change. It's a result. It's an outcome. It's
something you work towards achieving on a project. If you are
successful at solving important problems, peers you respect will call
your work innovative and you an innovator.
Business has only two functions – Marketing & Innovation.
Types of Innovations
Incremental Innovations
Breakthrough Innovations
Radical Innovations
6. Incremental Innovations:
Upgrades made to a company's existing products, services, processes or
methods focused on improving product efficiency, productivity and
competitive differentiation.
Below are the few examples
Ice Cream Wrappers:
• From Paper to Plastic ( Polyester + Pearlized Bopp)
7. E-Books
Eco Friendly.
Easy to access at any point of time.
Cost is comparatively less
Chocolate Wrappers:
From Metpet Wrapper to Pillow pouches ( Polyester + Met Cpp )
Increases Shelf Life from 6 months to 12 months.
Productivity increases.
8. Breakthrough Innovations:
Updating the product in process according to the marketing needs in existing
product, service, or process that has a significant impact on the business and
customer satisfaction.
Below are the few examples
Zipper Lock Pouches:
Easy to open.
Reuse of the package several times without
affecting the inside product with external factors.
Packing material wt. is comparatively low.
9. Yogurt Cups:
Shelf life increases up to 10 days
Safe & sustainable
Easy storage.
Huge impact in Dairy industries.
10. Kissan Jam :
Easy to open.
Weight less & unbreakable.
Seaweed Water Packets:
A start-up Company called Ohoo introduced this Seaweed water packet in
London in mid of 2017.
Eco-Friendly, 0% plastic.
Seaweed are forms of algae that grow in the sea.
Seaweed is used as outer layer to pack the water. Nasty taste of membrane
while having water.
Seaweed consists of iron, which is more than our requirement of body. Which
caused Thyroid effects.
Project currently re-examining to check the possibilities to reduce the iodine
content in the seaweed.
11.
12. Radical Innovations:
Invention that destroys or supplants an existing business model.
It blows up the existing system or process and replaces it with something
entirely new.
Kinder Joy:
Smart Packing to attract customers in first sight.
Surprises to attract kids
Joint innovation of Ferrero + Kinder brand of products.
Received Nielsen's Breakthrough Innovation award in
the year of 2016.
13. Vento Pouch – Amcor:
It allows coffee producers to capture the flavour and aroma of freshly roasted
coffee without hard valves
Advanced packaging system with built-in venting control.
freshness is key thing and to deliver full flavour to consumers
coffee producers prefer to package their product right after roasting.
Currently the solution for degassing freshly roasted coffee is to apply hard valves
that allow carbon dioxide (CO2) to escape the pack.
This includes machine, man power & time which involves more cost.
It will only allow CO2 to escape from inside, it won’t allow air from outside.
It is up to 87% lighter weight than hard valves
15. Research Methods:
It is a way to systematically and logically solve a problem, help
us understand the process, and analyzes methods in addition to the
information obtained by them.
Systemized effort to gain new knowledge.
Data is the key for this.
16. Types of Research Methods:
Quantitative Method:
It is a stimulating and highly educational technique to gather information from
existing and potential customers using sampling methods.
Qualitative Method:
It is a scientific method of observation to gather non-numerical data. It provides
insights into the problem or helps to develop ideas or hypotheses for potential
quantitative research.
Mixed Method:
It is a methodology for conducting research that involves collecting, analyzing and
integrating quantitative and qualitative research.