vilnius
Lithuanian, English
Justinas develops technological solutions for Euronomonitor's Economies and Consumers research. This covers report generation, data analysis, visualisation and automated reporting, using cutting-edge technologies.
Justinas specialises in technology industries, such as IT, telecommunications and electronics. He has a special interest in automation, AI, Industry 4.0 and similar fields. Justinas has extensive experience in B2B-related industries, insights, presentations and data analysis. He has also accumulated extensive knowledge in project management, solution implementation and deployment.
The consumer packaging industry is typically strong in its ability to withstand crises, given the importance of everyday groceries to global revenues; food and drink accounted for 92% of retail packaging volume sales in 2023. However, inflation, interest rates and geopolitical instability serve to amplify operating costs, for packaging converters/machinery players, brands, and retailers, apparent in the final retail price point, paid by the consumer.
For more than 35 years, PLMA’s annual World of Private Label International Trade Show has brought retailers together with manufacturers to network with new and existing clients, explore new markets and drive business growth.
During the current Global Recycling Awareness Week, celebrated on March 18th, it is worth noting that five fmcg industries contributed to four trillion retail packaging units in 2023, a figure expected to rise by 2% by 2026, according to Euromonitor’s packaging data. In this week that aims to generate awareness around the environmental significance of recycling, it is also important to understand that addressing sustainability is not only a moral requirement but also a business opportunity.