TIPA, Wyld team up to combat plastic waste in growing edibles market
TIPA, a global leader in compostable packaging solutions for fashion and food, and Wyld, a leader in the North American edibles market, today announced their partnership to imbue the North American legal edibles industry with alternative-plastic packaging to combat pollution from single-use flexible plastics that aren’t easily recycled.
This comes as the opening of new adult-use markets have put the legal edibles industry on track to more than quadruple by 2032 at an estimated $37.1 billion value. As the market booms, so does demand for sophisticated sustainable packaging that meets both rigorous safety and compliance standards as well as Wyld’s high brand standards. Demand for alternative packaging is largely driven by consumers and businesses seeking to reduce reliance on single-use flexible plastics in the face of the US’s more than 40 million tons of plastic waste a year, only about 6% of which is recycled.