The move toward sustainable practices, products and materials is no longer on the horizon but ever-present. This is especially true as more consumers factor brands’ social responsibility initiatives in purchase decisions.
In fact, global demand for sustainable packaging is expected to reach approximately $400 million by 2024 with a compound annual growth rate (CAGR) slightly above seven percent . As such, brands have begun to integrate environmentally-sound practices while other companies are leading the pack. Regardless of where companies currently stand on the sustainability spectrum, there is always room for growth — and certainly the demand to support it.