The global market for sustainable packaging is forecast to reach $142.42 billion by 2015, relates a new report, “Sustainable (Green) Packaging: A Global Strategic Business Report,” from Global Industry Analysts, Inc. Increased awareness of environmental hazards related to disposal and recycling of packaging wastes, government initiatives to minimize greenhouse gas emissions, and stringent regulations are driving the growth of sustainable packaging.
With environmental concerns gaining precedence the world over, there exists an increased demand for recyclable and safe packaging. Environmental issues such as global warming, a dearth of natural resources, and high energy consumption are driving the need for sustainability in packaging. Sustainability has become a key trend for packaging companies all over the world.
Continues at: Sustainable packaging ‘immune’ to economic downturn, report says | Web Exclusive | Packaging World.
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