Reducing plastic pollution and increasing reuse and recycling will be one of the driving forces of the plastics industry in the upcoming years. As we move towards building a more sustainable environment and a zero-waste model, reusable plastics are bound to play a huge role in the future of plastic packaging.
Reusable plastic packaging such as recycled polyethylene terephthalate (rPET), recycled high-density polyethylene (HDPE), and post-consumer recycled (PCR) plastics is a growing trend and offers significant opportunities to the plastics industry. The reusable packaging segment was valued at USD 30.5 billion
in 2019 and is expected to keep growing at a CAGR of 5.4% till 2027.
Now is the time for plastic packaging companies to be aware of the immense opportunities and benefits that reusable plastic packaging offers. Let us quickly go through some of them.
1) Improved Packaging Performance
Reusable plastic packaging is commonly made from materials that are durable than traditional plastic packaging. Also, with the new technological innovations, the packaging industry is constantly improving the materials that go into reusable packaging, to maintain quality and increase reusability. What’s more, reusable packaging has also proven to perform better in harsh environments such as extreme heat and moisture. So by offering reusable packaging to the consumer, you will ensure they pack their products in a durable material.
2) Save on Storage Space
When packaging organizations rely on the manufacturing of reusable packaging, they no longer need to allocate extra space in their warehouse for new packaging materials. This can save money and space for companies. Moreover, the extra storage space can be utilized for other vital operations or materials.
3) Environmental Implications
Reusable packaging significantly reduces the amount of energy that goes towards manufacturing packaging. Also, when organizations resort to packaging that can be reused or returned, less packaging can be manufactured. There is also a decrease in the emission of greenhouse gases.
4) Lower Waste Management Cost
When it comes to conventional packaging, if the packaging material is once used, it is treated as waste. Returnable or reusable packaging can save organizations from waste management costs throughout their entire supply chain. In the long run, such savings can have a trickle-down effect and can reduce overall costs for supplies. Whats’ more, moving the waste can also be costly, in terms of money, consumer’s perception of the business, and environmental effects.
5) Cut Down Labor Costs
By relying on reusable options, plastic packaging companies can mitigate the additional amount spent on labor costs in the warehouse. The reason being, this innovative and lightweight packaging technique does not need many people and resources to manufacture and to load onto trucks for transportation.
We hope you have gained some noteworthy insights from this article. In conclusion, using sustainable methods will not only help reduce carbon footprint and generate goodwill in the eyes of the consumer but will also benefit the organization in the terms of cost, time, and resources.