Rise of Sustainable Packaging Materials

As global awareness of environmental issues increases, the packaging industry is rapidly shifting towards sustainable materials. In 2023, an international sustainable development organization published a report indicating that the sustainable packaging market is expected to grow at an annual rate of over 10% in the next five years, reaching $460 billion. This growth is primarily driven by consumers' rising environmental awareness and government policies, such as the EU's plastic strategy, which aims for all packaging materials to be recyclable or reusable by 2025. Many well-known brands, such as Unilever and Coca-Cola, have begun taking measures to achieve 99.99% recyclable packaging by 2025. Moreover, the development of bio-based plastics and compostable materials is accelerating, with many startups launching innovative eco-friendly packaging solutions to meet market demand.