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INTRODUCTION
Sustainable packaging is a relatively recent addition to environmental packaging considerations (see Packaging and labeling). The life-cycle, processing, and design of the package necessitate additional research and documentation. This is not simply the ephemeral “green movement” that numerous businesses have attempted to incorporate over the past few years.
Eco-friendly businesses are using more recycled materials, reusing more package components, and reducing their carbon footprint.
Things made by humans are harder to get rid of. Plastic goods and packaging produce waste that is particularly challenging to eliminate. This necessitates the excavation of enormous landfill sites in order to bury the plastic waste underground, which could pose challenges for future generations.
Industrial waste is just as problematic because factory effluent frequently contains chemicals that can pollute water supplies. In order to avoid this, factory waste must be carefully monitored.
The issue of waste has grown as a result of developments in nuclear technology. Because nuclear waste is radioactive and may pose a threat to human life, its disposal raises particular concerns.
The high standard of living that many nations’ citizens now enjoy. has led to a significant increase in waste. The planet’s ecology may suffer severely as a result. Our environment must be saved from possible disaster without a doubt and immediately.
LATIN AMERICA GREEN PACKAGING MARKET SIZE AND FORECAST
The Latin America Green Packaging Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.
NEW PRODUCT LAUNCH
Repack – Repack is a company that sells packaging that can be sent back after delivery. Once the goods are emptied, the packaging can be folded into an envelop, to be sent back and reused. This model works excellently for some products.
However, it is slightly limited because it only allows for the transportation of soft goods.Nevertheless, it’s an innovative example of multiple-use and eco-friendly packaging.
The trend is followed by premium clothing brands, such as H&M, which is aiming for a 100% circularity in the value chain and uses organic chemicals for labeling and printing for safer recycling of the product. Such initiatives have grown considerably, resulting in a global trend of green packaging that most companies will be compelled to adopt, to stay relevant in the market.
The practice of green packaging is exercised by companies that sell Fast Moving Consumer Goods (FMCG), which have lower profit margins per unit and are inflexible to cost markups. These companies are implementing light weighing initiatives to save costs on raw materials as well as transport. Consumer behavior directly influences packaging solutions in food and beverage applications.
COMPANY PROFILE
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