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Trending: New Checklist, Data Mark Important Step Forward for Sustainable Packaging
March 15, 2017
In an effort to help companies optimize their packaging systems, the Food and Drink Federation (FDF) and the Industry Council for Research on Packaging and the Environment (INCPEN) have teamed up to create a new sustainability checklist.
Packaging for People, Planet and Profit Sustainability Checklist provides companies with guidance to improve resource efficiency at all stages of the packaging value chain — including transport and end-of-life — while ensuring that the essential functionality of the packaging is not compromised. Though the checklist includes references to relevant regulation and guidance, it encourages companies to go above and beyond legal requirements, including the EU Packaging and Packaging Waste Directive, which could result in additional costs for packaging producers post-Brexit.
In the foreword to the sustainability checklist, Thérèse Coffey stated: “This framework is a strong development towards a more sustainable future, helping to increase resource efficiency and waste prevention, while contributing to an overall reduction in carbon use.”
“A whole chain effort is needed to truly succeed and we must all make the best use of our resources — that is why I welcome these initiatives and the work of the FDF and INCPEN to help us make supply chains more resource-efficient and better protect our environment.”
The checklist aims to support businesses in considering packaging as part of the total product system for delivering products from point of production to point of consumption. This in turn will help strike the optimal balance between the often-competing demands of designing packaging for optimum functionality, reuse and recovery considerations and reduced transport impacts. Additionally, it provides companies with incentives to comply, revealing that packaging innovations that respond to changing consumer demands will ultimately leading to greater economic gains.
FDF and INCPEN represent 46 percent of UK manufacturing employment, with a turnover of approximately £280 million. Their participation in the development of the checklist could have far-reaching impacts on the industry, both direct and indirect.
“Supply chain companies are more aware of, and responsive to, environmental concerns than many businesses,” said Jane Bickerstaffe, Director of INCPEN. “This checklist will help them demonstrate that responsiveness to the public.”
The checklist represents the first deliverable under FDF’s Ambition 2025, which calls on members to increase efforts to minimize environmental impacts, protect natural capita and contribute to the delivery of a sustainable food system.
Research and Markets, a leading source for international market research and data, has released a new report providing detailed analysis on current and future market trends for sustainable packaging.
According to Global Sustainable Packaging Market Analysis & Trends — Industry Forecast to 2025, the market for sustainable packaging is positioned to grow at a CAGR of around 7.7 percent over the next decade to reach approximately $440.3 billion by 2025.
The industry report analyzes the status of the global markets for sustainable packaging across all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data for 2013, 2014 revenue estimations are presented for 2015 and forecasts from 2016 to 2025.
The study focuses on market trends, leading players, supply chain trends, technological innovations, key development and future strategies. With comprehensive market assessment across North America, Europe, Asia Pacific, Middle East, Latin America and the Rest of the world, the report is a valuable asset for the existing players, new entrants and future investors.
With the aid of data tables, charts, graphs and infographics, Research and Markets presents detailed market analysis with inputs derived from industry professionals across the value chain, with a special focus being placed on 23 countries including the U.S., Canada, Mexico, U.K., Germany, Spain, France, Italy, China, Brazil, Saudi Arabia and South Africa. Market data was gathered from extensive primary interviews and secondary research and market size was calculated based on the revenue generated through sales from all the given segments and sub-segments in the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.