Crafting Future Success Through Sustainable Packaging Growth Secrets
Economic Benefits of Sustainable Packaging
Investing in sustainable packaging can lead to substantial cost savings and revenue growth. For instance, lightweight materials reduce shipping costs, while reusable or recyclable packaging can decrease material expenses over time. According to a report by Smithers, the global market for sustainable packaging is expected to reach $412.7 billion by 2027, growing at a compound annual growth rate (CAGR) of 5.7%1. This growth presents a lucrative opportunity for businesses to capitalize on consumer preferences for sustainability.