Sustainability, regulatory and public concerns around single-use packaging waste are combined with other powerful trends to drive major changes in consumer packaging. Regulators are moving on the issue, and Fast-Moving Consumer Goods (FMCG) companies and retailers are proactively making bold commitments to improve both the sustainability of their packaging and to rethink their packaging systems fundamentally.
There will be a significant impact on packaging converters and their value chain, which could threaten the survival of many in the industry. However, for packaging converters with the right focus and innovation capabilities, the new landscape could offer significant growth and new partnership opportunities to support customers in revising their packaging portfolios.
Let’s talk about how going forward, converters will have to embrace sustainability issues as consumer demands proactively and regulatory requirements multiply.