News in Numbers
$1,015bn
The global packaging market is valued at around $1,015bn based on finished product values, with an average annual growth rate of approximately +4% expected during 2021-2026.
9%
According to Great Britain's Royal Statistical Society, just 9% of all plastic ever made has been recycled.
30%
Many corporations aim for sustainability, but few are prepared to meet regional and internal packaging requirements, with less than 30% ready to do so despite 75% committing to sustainability goals. (McKinsey)
6.1%
Experts predict that the sustainable packaging market will grow at a compound annual growth rate (CAGR) of 6.1% from 2020 to 2028.
5m tonnes
In the UK, approximately 5M tonnes of plastic are used annually, with nearly 2.25m tonnes dedicated to packaging, which constitutes nearly 70% of the country's plastic waste, emphasizing packaging as the primary concern.
