Green Packaging to Reach $41.7 Billion in 2014

Repost from IW.com

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Demand for green packaging -- comprised of recycled content, reusable and degradable packaging -- is projected to increase 3.9% yearly to $41.7 billion in 2014, consuming 58 billion pounds of material, according to The Freedonia Group, Inc.

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Degradable packaging is forecast to expand 13.6% annually to $685 million in 2014, driven by price competitiveness with conventional resins, capacity expansions and rising demand for environmentally friendly manufactured goods. Advances will also be based on enhanced performance properties resulting from blending and other modifications, initiatives by brand owners to improve the environmental footprint of their packaging, and legislative bans on polystyrene foam foodservice disposables in some parts of the ...

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