Plastic packaging, by generating more than 120 million tonnes of waste per year, is a primary contributor to the global plastic waste issue. With ever-growing pressure from regulators and the increasing voice of conscious consumers, the packaging industry is in the midst of realigning its focus towards sustainability and at the same time delivering on performance.
With growing pressure to protect the environment, packaging stakeholders including brand owners, retailers, converters, raw material suppliers are turning their attention towards renewable plant-based materials as potential alternatives to plastics. The use of plant-based materials is leading to newer business models in the ecosystem focused on themes such as ‘biodegradable’, ‘compostable’, and ‘recyclable’.
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