2023-05-16 20:58:37
The global corrugated plastic market has shown significant growth in recent years, driven by the versatility, lightness and resistance of this material, which finds applications in various sectors of the economy, such as agribusiness, automotive, electronics and packaging.
According to the “Global Plastic Packaging Market” study conducted by MarketsandMarkets In 2022, the global plastic packaging market was valued at USD 182.4 billion in 2022 and is forecast to reach USD 264 billion by 2030, growing at a compound annual rate of 4.8% between 2022 and 2030. According to a study published by ABRE (Brazilian Packaging Association)the plastic industry, which stood out in the market in 2022 with 132,456 formal jobs, representing 54.1% of total jobs in the sector, has adopted sustainable practices in its production, in line with growing environmental concerns.
However, this growth also brings challenges related to the sustainability and socio-environmental responsibility of the companies involved in the production and use of this material, highlighting the importance of commitment to the practices of ESG (environmental, social and governance).
Benefits of corrugated plastic and its role in sustainability
Corrugated plastic can be adopted as a sustainable alternative to other packaging materials such as cardboard and wood. The ability to reuse and recycle this material, combined with its durability and resistance, can contribute to reducing the use of natural resources and material waste, while seeking to ensure the protection and adequate transport of products.
Elias Assum Sabbag Junior, executive at Cardboard boxeshighlights the importance of corrugated plastic in the search for more sustainable solutions: “Corrugated plastic allows the creation of packaging and products that meet the needs of our customers, while minimizing environmental impacts, being a more sustainable alternative in comparison to other materials”.
Commitment to ESG in the future of the industry
The path to a more sustainable future in the corrugated plastic market involves investing in research and development of new technologies and processes that can further reduce the environmental impacts associated with the production and consumption of this material. “It is essential that companies continue to improve their integrated management systems, promoting collaboration between different sectors and involving stakeholders in the search for innovative and sustainable solutions”, points out the Cartonale executive.
Also according to the expert, companies in the sector have sought to develop ecologically responsible solutions and adopt sustainable practices in their operations. Through integrated management systems, covering quality, environment, occupational health and safety and social responsibility, these organizations have strived to harmonize their business objectives with environmental and social demands. “Innovation and sustainability go hand in hand in the corrugated plastic market, building a positive legacy for future generations, says Elias.
Thus, by investing in research and development, improving its integrated management systems and working together with stakeholders, the corrugated plastic market can have the potential to lead the transformation of the industry towards a more sustainable future. The Cartonale representative stresses the importance of this approach: “We believe that the commitment to sustainability and socio-environmental responsibility is fundamental for the long-term success of companies and the market as a whole”.
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