News in Numbers

The global sustainable packaging market is expected to grow at a CAGR of 8.5% from 2023 to 2031. This growth is driven by strict sustainable development regulations and increased demand for recycled packaging materials.

Around 20,000 businesses across sectors will be impacted by the plastic packaging tax in the UK, effective from April 1, 2022. The tax applies to plastic packaging with less than 30% recycled plastic. 

Approximately 77% of global consumers are interested in using smartphone-based technologies for interacting with connected packaging features, utilizing QR codes and Near-field communication for product transparency. 

Amazon reduced cardboard waste by 60,000 tons per year using AI to optimize packaging solutions. AI algorithms can also suggest sustainable materials or streamline production lines.

The global e-commerce packaging market is projected to reach $66.51bn by 2030, segmented by material, packaging type, end-user, and region until 2030.