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Startup companies will continue to shake up the food and beverage industry in 2019, with the powerful pull of local sourcing helping them to successfully compete against the major players, according to Innova Market Insights.

Two in five US and UK consumers say they prefer small brands because smaller companies are more dedicated to their products and have a personal story, according to Innova.

New food and beverage launches tracked with a social ethical claim rose more than 20 per cent globally in 2017, the market researcher says.

Big companies, meanwhile, are going small in their strategy, with the power of local inspiring the food giants to initiate startup investment strategies to help them tap into the thought leadership of the entrepreneurial crowd.

Several multinationals including Kraft Heinz, General Mills, Nestle, Danone, Unilever and Kellogg have launched incubators and accelerators with this in mind.

Packaging News

Health and the environment are converging as top concerns for consumers, with almost 60 per cent of consumers believing their health and well-being are strongly affected by environmental problems, according to a new study from Tetra Pak.

The Australian Institute of Packaging has had another successful year of its annual Foodbank Hamper Packing Day, packing 10,000 hampers for those in need and raising a million dollars in donations and funds.

Marian O'Leary of Melbourne-based packaging company RollsPack has been named Young Achiever 2019 at the Mebourne Business Awards – South East Region.