Plastic Packaging
January 29, 2024
The next 10 years will be pivotal for retailers if they are to meet new sustainability targets and address increasing consumer and regulatory pressure. By 2030, some retailers hope to make dramatic changes to packagin in particular - some are pledging to reduce use of virgin plasdtic by half, others are planning to move to 100 percent reusable, compostable or recyclable materials in their packaging. As a result, demand for recycled plastics is expected to far outpace supply, which will make it even more expensive and even less attractive than cheaper virgin plastic. Retailers are going to have work hard at reducing costs in order to meet the needs of tomorrow's more eco aware customer.
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