Shipments of sustainable or ‘green’ packaging exceeded $37bn in 2005, according to market research publisher Specialists in Business Information (SBI).
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The report, called Sustainable Packaging Market for Food & Beverages, said that manufacturers and retailers in the food and beverage industry have responded to the idea of sustainable and eco-friendly products.
SBI predicted that the market would continue to see annual increases in value, with the market supply for sustainable packaging surpassing $42bn by 2010.
Sustainable plastics, which grew by 5% from 2001 to 2005, are expected to continue to grow at a similar rate until 2010 as demand for both rigid and flexible forms continues to increase, and plastics, along with metals, continue to eat into the market share of glass.
Flexible packaging is also projected to grow at just over 3% during the next five years based on the success of stand-up pouches and retort packaging, BSI said.
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By GlobalData“For most food and beverage packaging products, the recyclability and re-usability of a material is paramount to its acceptance as sustainable,” said Tatjana Meerman, managing editor of SBI. “In addition, other eco-friendly factors, such as the amount of energy used to produce packaging from original raw materials versus recycled materials, transportation/fuel costs, costs to recycle, and other variables, are all factored into the discussion of sustainability.”
