Sustainable Packaging Market is Growing Rapidly

Sustainable Packaging Market is Growing Rapidly

What all of these sectors have in common is a need for packaging. Paper and plastic bags, cardboard boxes, containers with secure lids, and many other containers and packaging materials are all important for keeping products safe, hygienic, and appealing as they travel to their final consumer destinations.
However, these products have also been historic sources of tremendous amounts of waste. After all, the fate of packaging is typically to be discarded and thrown away once the item(s) have reached their destination. 
This is why the growth in sustainable packaging materials is so encouraging. At present, the market is poised to grow by more than $90 billion from 2019 to 2024, with a CAGR of more than 6% year by year. 
Every single one of the aforementioned sectors – food and beverage, chemical, cosmetics, personal care, and pharmaceuticals – are all playing a significant role in this change. 
Increasingly, they are responding to customer demands for more sustainability in the packaging they use for their products. The result is greener, more environmentally-friendly packaging. 
One of the major plays is American-based International Paper Company. This company is known for its environmental initiatives, including developing a system for collecting and incinerating odorous gasses. 
It has also rebuilt gas cleaning equipment using hardwood pulp manufacturing. It is a recommended supplier for buyers who are looking to achieve sustainability goals in procurement. 
As International Paper explains | http://www.internationalpaper.com/planet |, their efforts on behalf of the planet start with responsible forest stewardship. 
The company understands that their entire business requires sustainable forests, and they are committed to responsible management of forests to ensure their health and viability and productivity for future generations. 
This means working with local landowners on responsible forest management practices | http://www.internationalpaper.com/planet/sustaining-forests |. They also partner with conservationists, working with organizations that are committed to protecting and restoring forests worldwide. 
Crucially, this means sourcing fiber from forests that have been responsibly managed. The company does not knowingly take fiber from forests that have been illegally logged, or subject to management practices that threaten their conservation values. 
They are known for their support of the U.S. Lacey Act and the European Union Timber Regulation, both of which seek to prevent illegally harvested wood products from entering global marketplaces.  
International Paper is also committed to water stewardship. They regularly conduct evaluations of water use, quality, and associated risk. 
International Paper also works to reduce waste and reduce emissions | http://www.internationalpaper.com/planet/reducing-emissions |. They are particularly committed to reducing carbon emissions by switching away from fossil fuels, i.e. coal and oil. They have achieved substantial reductions in greenhouse gas emissions. 
The progress made by such a prominent supplier of packaging materials in achieving green, sustainable goals points to an industry in rapid, dynamic transition. 
The packaging market, too long associated with pollution and litter, is rapidly going green as consumer concerns drive major companies to take action for the future.

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