The packaging industry is transforming significantly towards sustainable solutions in a world increasingly aware of its environmental impact. The COVID-19 pandemic has further heightened environmental awareness and accelerated the shift in consumer preferences toward eco-friendly alternatives. This trend emphasizes the urgent need to prioritize maintaining competitiveness in the global market that is constantly evolving. The future of packaging is that solutions can not only protect products but also promote healthier planets.
According to BCC Research, the global market for sustainable packaging is estimated to reach $391.1 billion by 2029 at a compound annual growth rate (CAGR) of 6.0% from 2024 through 2029. As people become increasingly aware of environmental issues, the demand for eco-friendly packaging solutions is becoming increasingly urgent. The need for sustainable development is no longer just a desire but a fundamental requirement for packaging, e-commerce, and manufacturing companies.