Future Potential for Top Companies in Food, Beverage, Personal Care & Healthcare
The green and sustainable packaging market is broad, and covers packaging technologies such as lightweighting, biodegradable packaging, and packaging solutions to increase shelf life and reduce waste in perishable market applications. Lightweighting is perhaps the most observable trend in the green and sustainable packaging market, as it is not only good for the environment, it also helps customers and the bottom line of packaging companies thanks to reduced material usage and decreased transportation costs. Many governments and regulatory bodies have also supported the packaging market to ensure green and sustainable packaging is a constant research and development aim of packaging companies. To demonstrate their green and sustainable packaging credentials, all large packaging companies voluntarily publish annual reports highlighting their green and sustainable achievements. Common goals include a reduction in water consumption, a decrease in carbon emissions and an increased rate of efficiency for their various factors of production; namely materials, energy and labour. The world market for green and sustainable packaging will reach $146.3bn in 2014.
