New packaging models impact the cost of operations as it increases by about 20-25% depending upon the segment.
Single-use consumer habits continue to pose a threat to the environment — particularly in the context of plastic packaging. According to the World Economic Forum, only 14% of plastic packaging is collected for recycling globally. Moreover, by 2050 the carbon footprint of plastics is expected to triple in size. Recognising this, companies are making a move towards sustainable packaging solutions. For instance, by 2030, L’Oréal Paris aims to reduce its carbon footprint by 50%. This includes using more recycled content in packaging, with the objective of reaching 100% recycled or biobased plastic by 2030. PepsiCo India, as part of its sustainability agenda, aims to design packaging that is 100% recyclable, compostable or biodegradable. It plans to reduce the use of virgin plastic by 35% across its beverage portfolio by the year 2025. “The way a package is designed – its shape, weight – determines how efficiently it can be distributed across long distances. The lighter the package, and the more packages that can be transported together, the lower the carbon impact,” Jaideep Gokhale, vice president – sustainability, Asia Pacific, sustainability director – South Asia, Tetra Pak, told BrandWagon Online.