Fashion industry works to reduce plastic packaging
More than half (54%) of board directors and senior executives described their business as a market innovator in sustainability leadership.
17 January 2024
17 January 2024
More than half (54%) of board directors and senior executives described their business as a market innovator in sustainability leadership.
The initiative follows a successful paper bag recycling pilot enacted by Mondi in Spain.
The move is expected to spur innovation and promote the growth of a sustainable market in the country.
The partners will continue to explore new technologies and strategies to reduce waste.
The centre is set to produce findings that will be significant for the global manufacturing industry.
The agreement is aimed at advancing the circularity of recycled PET for sustainable consumer packaging.
The certification is set to improve consumer confidence in the company and bolster its competitiveness.
The fund is recognised as a dark green impact fund as per the EU's Sustainable Finance Disclosure Regulation.
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In 2022, the soft drinks sector held the largest non-alcoholic beverages packaging market share, while the hot drinks sector is forecasted to register the fastest growth during 2022–27. Rigid plastics are usually a preferred choice in the non-alcoholic beverages industry because of their portability, convenience, and lightweight nature that facilitate on-the-go consumption.
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