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Demand for sustainability spurring changes in packaging, Smithers Pira report says

The objective to make packaging more sustainable and the resulting impetus for material transition is a significant industry dynamic that is outlined in the new report from Smithers Pira, The Future of Paper vs Plastic Packaging to 2024. This market report values the global packaging market in 2018 at more than $850 billion with steady and consistent growth forecast to continue.

Demand for sustainability spurring changes in packaging
Demand for sustainability spurring changes in packaging

This content was written and submitted by the supplier. It has only been modified to comply with this publication’s space and style.

The force and influence of users and consumers in the market is increasing dramatically, driving demand for choice, functionality, quality and environmental sustainability in packaging. In response to sustainability concerns, industry leaders, brand owners and retailers are making a significant proportion of packaging either recyclable, reusable or compostable as well as increasing the use of recycled content.

Participants in the packaging value chain now include bio-based raw materials producers and niche specialist packaging manufacturers and convertors, especially those who focus on sustainable materials. Most recently, there has been a growth in collection, sorting and recycling experts, whose influence is set to increase as sustainable management of the waste stream becomes more critical.

Manufacturing transitions

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