$244 Billion – That’s the Expected Worth of the Global Sustainable Packaging Market by 2018

Smithers Para have come up with a report which states that legislative forces, increasing developments in material technology and the dynamics of consumer demand will drive the market for sustainable packaging to such an extent that the net worth would become $224 billion by 2018. One of the major reasons behind this drive is the increasing awareness of environmental protection and the interest in reducing the carbon footprint of a region.

Packaging Materials are being focused for encouraging sustainability because they are the most commonly used products in our daily life and due to the usually high requirements of safety from these packaging, they are made with plastic, paper and other materials which may be required. While paper and wood based products can be reused and recycled, it is the plastic component which causes the major issues. Materials such as bubble wrap are quite beneficial as padding for delicate items, but since they have the composite substance as plastic, their recyclability is limited. 

Sustainable packaging is a relatively new term approach that has become part of the major environmental considerations done for packaging. This involves careful and detailed analysis of the overall design, composite materials, recyclability, end product usage and reuse potential of the Packaging Material. The ongoing research into sustainable packaging practices is just the tip of the iceberg as compared to the actual efforts which would be required to achieve the success that is expected by scholars and experts in this industry.

If you consider the overall benefit of the use of sustainable packaging to the global economic factors, then it would provide major cost benefits, the market trends would also be dictated by the presence as well as demand for such materials, the environment would be given a major boost as the depletion of the natural reserves would be delayed and the overall carbon footprint could be reduced to a certain extent. All of these factors would contribute in making this market a really profitable and successful market in a span of just 4 years.