Survey: Demand for packaging sustainability drives change in the way businesses will compete
Sustainability is now a fast-growing and vitally important area of concern for packaging and addresses economic, environmental and social objectives, according to the study.
Data from Smithers Pira, UK, forecast steady growth across the packaging industry – pushing a market valued at $839 billion in 2015 to expand at 3.5% year-on-year and reach a total value of $997 billion in 2020. As this happens, sustainability will become an increasingly important factor for decision makers at all stages of packaging value chains.