{"id":20408,"date":"2021-04-13T09:21:39","date_gmt":"2021-04-13T00:21:39","guid":{"rendered":"https:\/\/news.samsungcnt.com\/en\/?p=20408"},"modified":"2023-02-16T17:35:52","modified_gmt":"2023-02-16T08:35:52","slug":"stay-home-economy-part-2-complete-package","status":"publish","type":"post","link":"https:\/\/news.samsungcnt.com\/en\/features\/trading-investment\/2021-04-stay-home-economy-part-2-complete-package\/","title":{"rendered":"Stay-at-home economy part 2: The complete package"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"20408\" class=\"elementor elementor-20408\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5d6e2763 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5d6e2763\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-49f9d15c\" data-id=\"49f9d15c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-599e890 elementor-widget elementor-widget-image\" data-id=\"599e890\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/news.samsungcnt.com\/wp-content\/uploads\/sites\/3\/2021\/04\/stay-at-home-economy-pt2-at-a-glance-1.jpg\" data-elementor-open-lightbox=\"yes\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MzM3ODQsInVybCI6Imh0dHBzOlwvXC9uZXdzLnNhbXN1bmdjbnQuY29tXC91cGxvYWRcLzIuMFwvd3AtY29udGVudFwvdXBsb2Fkc1wvc2l0ZXNcLzNcLzIwMjFcLzA0XC9zdGF5LWF0LWhvbWUtZWNvbm9teS1wdDItYXQtYS1nbGFuY2UtMS5qcGcifQ%3D%3D\">\n\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"768\" height=\"196\" src=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2021\/04\/stay-at-home-economy-pt2-at-a-glance-1.jpg\" class=\"attachment-medium_large size-medium_large wp-image-33784\" alt=\"\" srcset=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2021\/04\/stay-at-home-economy-pt2-at-a-glance-1.jpg 940w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2021\/04\/stay-at-home-economy-pt2-at-a-glance-1-300x77.jpg 300w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0c12d91 elementor-widget elementor-widget-text-editor\" data-id=\"0c12d91\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>The rise of the stay-at-home economy has been felt worldwide amid the prolonged effects of the COVID-19 pandemic. Previously, we saw how this has\u00a0<a href=\"https:\/\/news.samsungcnt.com\/en\/stay-home-economy-part-1-boost-synthetic-resins\/\">impacted the commodities<\/a>\u00a0involved in making the everyday items all around us.<\/p><p>It has also become clear that the stay-at-home economy is influencing the way the things we need are packaged \u2013 creating a\u00a0<a href=\"https:\/\/www.mckinsey.com\/industries\/paper-forest-products-and-packaging\/our-insights\/beyond-covid-19-the-next-normal-for-packaging-design\" target=\"_blank\" rel=\"noopener noreferrer\">next normal<\/a>\u00a0for the packaging industry. This article will look at this change and the knock-on effects on trading-related commodities.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-77ae45c elementor-widget elementor-widget-heading\" data-id=\"77ae45c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">Delivering a new normal to our homes<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-56306c2 elementor-widget elementor-widget-text-editor\" data-id=\"56306c2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Most of us will recognize from our own lives how home deliveries of everything from food to necessary household items have become a daily event since the emergence of the stay-at-home economy.<\/p><p>Imagine your first delivery of the day is already waiting for you when you wake up \u2013 a carton of milk! In fact, traditional delivery items like milk have been\u00a0<a href=\"https:\/\/newseu.cgtn.com\/news\/2020-09-03\/Home-milk-deliveries-are-making-a-comeback-because-of-COVID-19-TsAmBhdN3W\/index.html\" target=\"_blank\" rel=\"noopener noreferrer\">making a comeback<\/a>. Cartons such as those containing milk are typically made of paperboard layered with polyethylene. In addition to milk, overall grocery deliveries have\u00a0<a href=\"https:\/\/techcrunch.com\/2020\/07\/06\/u-s-online-grocery-shopping-hits-record-7-2-billion-in-june\/\" target=\"_blank\" rel=\"noopener noreferrer\">increased<\/a>. The packaging for these can vary, but low-density polyethylene (LDPE) and polypropylene are common materials used for plastic food containers. These same materials can also be applied to containers for takeaway meals, which many people have been choosing when they cannot get to a supermarket or a restaurant. In addition, some takeaways like pizza rely on cardboard packaging and some others require aluminum foil.<\/p><p>It is likely that you would also find another package on your doorstep on this imaginary day, especially considering the ongoing\u00a0<a href=\"https:\/\/unctad.org\/news\/covid-19-has-changed-online-shopping-forever-survey-shows\" target=\"_blank\" rel=\"noopener noreferrer\">e-commerce boom<\/a>. DIY, health, and electronic products have all seen a noticeable growth in consumer interest. A non-food package is usually shipped in a corrugated cardboard box, with the product further protected by plastic wrapping made of LDPE, which is also used to make bubble wrap. Below, you can view some of the main commodities that are transformed into packaging materials.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-432c53d elementor-widget elementor-widget-image\" data-id=\"432c53d\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/news.samsungcnt.com\/wp-content\/uploads\/sites\/3\/2021\/04\/stay-at-home-economy-pt2-infographic-1.jpg\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"What Commodities Are Used For Packaging?\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MzM3ODUsInVybCI6Imh0dHBzOlwvXC9uZXdzLnNhbXN1bmdjbnQuY29tXC91cGxvYWRcLzIuMFwvd3AtY29udGVudFwvdXBsb2Fkc1wvc2l0ZXNcLzNcLzIwMjFcLzA0XC9zdGF5LWF0LWhvbWUtZWNvbm9teS1wdDItaW5mb2dyYXBoaWMtMS5qcGcifQ%3D%3D\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"768\" height=\"1156\" src=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2021\/04\/stay-at-home-economy-pt2-infographic-1.jpg\" class=\"attachment-medium_large size-medium_large wp-image-33785\" alt=\"\" srcset=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2021\/04\/stay-at-home-economy-pt2-infographic-1.jpg 940w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2021\/04\/stay-at-home-economy-pt2-infographic-1-199x300.jpg 199w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2021\/04\/stay-at-home-economy-pt2-infographic-1-680x1024.jpg 680w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8def7d8 elementor-widget elementor-widget-heading\" data-id=\"8def7d8\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The takeaway for market watchers<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-af91dc9 elementor-widget elementor-widget-text-editor\" data-id=\"af91dc9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Overall, the global packaging market is\u00a0<a href=\"https:\/\/www.researchandmarkets.com\/reports\/5024117\/covid-19-impact-on-packaging-market-by-material\" target=\"_blank\" rel=\"noopener noreferrer\">expected to grow<\/a>\u00a0to USD 1,012.6 billion this year from USD 909.2 billion in 2019.<\/p><p>We saw in the\u00a0<a href=\"https:\/\/news.samsungcnt.com\/en\/stay-home-economy-part-1-boost-synthetic-resins\/\">first part of this series<\/a>\u00a0how demand is rising for commodities involved in making plastics, and that is also true of the synthetic resins used for product wrapping. For LDPE in particular, the stay-at-home economy has\u00a0<a href=\"https:\/\/www.mordorintelligence.com\/industry-reports\/low-density-polyethylene-market\" target=\"_blank\" rel=\"noopener noreferrer\">helped to counter<\/a>\u00a0some of the pandemic\u2019s negative impact.\u00a0<a href=\"https:\/\/www.packworld.com\/covid-19\/article\/21232667\/covid-trickledown-tied-to-potential-corrugated-shortage\" target=\"_blank\" rel=\"noopener noreferrer\">Cardboard<\/a>\u00a0and\u00a0<a href=\"https:\/\/www.reportsanddata.com\/report-detail\/paperboard-market\" target=\"_blank\" rel=\"noopener noreferrer\">paperboard<\/a>\u00a0have also seen significant growth, in addition to other materials like\u00a0<a href=\"https:\/\/www.technavio.com\/report\/aluminum-foil-market-industry-analysis&amp;utm_source=pressrelease&amp;utm_medium=bw&amp;utm_campaign=t_auto_rfs_week32&amp;utm_content=IRTNTR43835\">aluminum foil.<\/a><\/p><p>As pandemic-related hygiene requirements and the rapid rise of e-commerce have heightened environmental concerns about packaging,\u00a0<a href=\"https:\/\/www.raconteur.net\/packaging\/sustainable-packaging-covid\/\" target=\"_blank\" rel=\"noopener noreferrer\">sustainability remains a major priority<\/a>\u00a0for consumers going forward. We have witnessed the growth of the biodegradable plastic packaging market, which is expected to expand\u00a0<a href=\"https:\/\/www.statista.com\/statistics\/1136290\/global-biodegradable-plastic-packaging-market-size\/\" target=\"_blank\" rel=\"noopener noreferrer\">more than twofold<\/a>\u00a0between 2019 and 2025, as well as\u00a0<a href=\"https:\/\/www.mckinsey.com\/industries\/paper-forest-products-and-packaging\/our-insights\/beyond-covid-19-the-next-normal-for-packaging-design\" target=\"_blank\" rel=\"noopener noreferrer\">advice<\/a>\u00a0to rethink packaging design to support recycling.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-043e70d elementor-widget elementor-widget-heading\" data-id=\"043e70d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Samsung C&T\u2019s part in the packaging trend<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-671a211 elementor-widget elementor-widget-text-editor\" data-id=\"671a211\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>As a global trading company, Samsung C&amp;T is also making efforts to meet the increased demand for packaging materials. Among them, the company participates in the trading of\u00a0<a href=\"http:\/\/trading.samsungcnt.com\/EN\/trading\/bz\/202000\/data.do\" target=\"_blank\" rel=\"noopener noreferrer\">synthetic resins and paper<\/a>.<\/p><p>The company has traded synthetic resins including HDPE, LDPE, and PET over the last 30 years through active overseas marketing in cooperation with domestic and overseas petrochemical companies.<\/p><p>Also, Samsung C&amp;T supplies scrap paper for the production of corrugated cardboard and buffer materials, which are considered eco-friendly. The company additionally has interest in another form of sustainable packaging: biodegradable plastic bags, which have remarkable potential. It participates in markets for biodegradable materials such as polylactic acid (PLA), polybutylene adipate terephthalate (PBAT), and polybutylene succinate (PBS).<\/p><p>To unpack all of this, the last year has highlighted how some industries remain important \u2013 or even more so \u2013 when people are forced to socially distance. Considering the need for a sustainable future, it is time to continue efforts to develop eco-friendly packaging materials as well as to reduce packaging overall.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The rise of the stay-at-home economy has been felt worldwide amid the prolonged effects of the COVID-19 pandemic. Previously, we saw how this has\u00a0impacted the commodities\u00a0involved in making the everyday items all around us. It has also become clear that the stay-at-home economy is influencing the way the things we need are packaged \u2013 creating [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20552,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15],"tags":[],"class_list":["post-20408","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trading-investment"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stay-at-home economy part 2: The complete package - Samsung C&amp;T Newsroom<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.samsungcnt.com\/en\/features\/trading-investment\/2021-04-stay-home-economy-part-2-complete-package\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stay-at-home economy part 2: The complete package - Samsung C&amp;T Newsroom\" \/>\n<meta property=\"og:description\" content=\"The rise of the stay-at-home economy has been felt worldwide amid the prolonged effects of the COVID-19 pandemic. 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