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Sustainable packaging 'immune' to economic downturn, report says

A new report shows there was “impressive” growth in sustainable packaging in 2008/2009 and predicts the market will reach $142.42 billion by 2015.

The global market for sustainable packaging is forecast to reach $142.42 billion by 2015, relates a new report, “Sustainable (Green) Packaging: A Global Strategic Business Report,” from Global Industry Analysts, Inc. Increased awareness of environmental hazards related to disposal and recycling of packaging wastes, government initiatives to minimize greenhouse gas emissions, and stringent regulations are driving the growth of sustainable packaging.

With environmental concerns gaining precedence the world over, there exists an increased demand for recyclable and safe packaging. Environmental issues such as global warming, a dearth of natural resources, and high energy consumption are driving the need for sustainability in packaging. Sustainability has become a key trend for packaging companies all over the world.

According to GIA, sustainable packaging involves the use of sustainable raw materials such as recycled materials and renewable resources. Companies are offering novel packaging designs, with improvements in several key performance areas, such as environmental friendliness, simplicity, material saving, and cost reduction without compromising on ease of use and convenience. Unlike other segments of the packaging industry, the report notes that sustainable packaging registered impressive growth during the period 2008-2009, and has been immune to the economic downturn. Sustainability helped companies as a medium to cut costs and reduce packaging waste using recycled and reusable materials.

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Annual Outlook Report: Workforce
Hiring remains a major challenge in packaging, with 78% struggling to fill unskilled roles and 84% lacking experienced workers. As automation grows, companies must rethink hiring and training. Download the full report for key insights.
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Annual Outlook Report: Workforce