Market potential
73% of global consumers are willing to pay more for sustainable products. Businesses increasingly adopt sustainability as a core value
Market Size:
The global sustainable packaging market is projected to reach $533.9 billion by 2028.
The global Recycled PET market is projected to grow from USD 11.0 billion in 2023 to USD 15.0 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 6.5% during this period
The Challenge of Packaging Waste
~50’000 KM2
of forests cut annually
greenhouse gases
Contributes to the formation of emissions of greenhouse gases
Low recycling
Globally: 330 million tons of plastic waste, only 14% recycled
Carton/Paper
Food grade cardboard has a recycling rate of less than 50%, 40% of global deforestation is attributed to the production of paper and cardboard. Producing one ton of cardboard can consume up to 6,000 liters of water.
the power of one single forpet factory:
Total PET recycling volume is 16,000 tons/year. In finished packaging products annually, it is 800 mln lids or 130 million egg trays, 100 million cups, and 10,000 tons of film.
Enough for a city of 4 million people.
