Eco-friendly packaging, as well as sustainable materials, products and practices, are still top of mind for consumers as they strive to do what’s best for themselves, and the environment. CPGs are responding too with packages created with fewer materials – like thinner bottles, smaller caps, as well as different formats like pouches, cartons and bags.
According to Reportlinker, the market for global green packaging – recyclable, reusable or degradable packaging – is forecast to reach $274.15 billion by 2020, growing at a CAGR of 5.7%.1