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Sustainable Packaging Takes Center Stage in Global Markets: A Step Towards a Greener Future

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Regulatory Pressure and Corporate Commitments Propel Shift Towards Recycled, Biodegradable, and Reusable Packaging Solutions

BOSTON, Nov. 13, 2024 /PRNewswire/ — “According to the latest study from BCC Research “Sustainable Packaging: Global Markets” is expected to reach $391.1 billion by 2029, at a compound annual growth rate (CAGR) of 6.0% from 2024 through 2029.”

The report analyzes the global sustainable packaging market, segmenting it by material, process, and end user. The materials segment includes paper, plastic, metal, and others, which include glass, wood, and textiles. Paper-based packaging is sub segmented into corrugated/cardboard, boxboard/carton board, and flexible paper, while plastic-based packaging is sub segmented into flexible and rigid types. In terms of process, the market is segmented into recycled, reusable, and biodegradable/bio-based packaging. End users include the food and beverage, industrial and chemical, healthcare, and personal and home care sectors. The analysis spans global and regional levels, with market estimates and forecasts provided in revenue terms from 2024 through 2029, using 2023 as the base year.

This report is timely and relevant as plastic packaging, while convenient, is increasingly recognized as a major environmental threat, contributing to waste and damage to the ecosystem. In response, the food & beverage, healthcare, and personal care industries are transitioning toward more sustainable packaging solutions. Growing consumer awareness, environmental concerns, and regulatory pressures are driving the demand for eco-friendly alternatives. Moreover, advances in recycling technology have improved the efficiency of recycling processes, allowing for wider use of recycled and bio-based materials in packaging. With so many companies adopting innovative and sustainable packaging, this report provides critical insights into the evolving market dynamics and emerging opportunities in this sector.

Please click here for more details on the report “The Global Market for Sustainable Packaging.”

The following factors are driving the global market for sustainable packaging:

Increased Recyclability of Paper and Paper Packaging: Environmental concerns and regulatory pressure are driving the development of more recyclable paper and paper packaging. Companies are creating innovative packaging that is easily recyclable, reducing waste and the need for new materials. This not only helps to conserve natural resources but also reduces the impact of packaging on the environment.

Demand for Recycled Material-Based Packaging: Consumers and businesses are increasingly demanding packaging made from recycled materials, fueled by growing awareness of environmental issues and a desire to support sustainable practices. The use of recycled materials helps reduce the amount of waste sent to landfills and reduces the carbon footprint associated with the production of new materials.

Reusable Packaging Achieves Efficiency and Environmental Goals: For companies striving to meet efficiency and environmental goals, reusable packaging can be used multiple times, reducing the need for single-use packaging, and reducing waste. This method not only supports sustainability but also saves costs over time, as demand for new packaging has decreased.

Request a sample copy of the global market for sustainable packaging report.

Report Synopsis

Report Metrics

Details

Base year considered

2023

Forecast period considered

2024-2029

Base year market size

$278.1 billion

Market size forecast  

$391.1 billion

Growth rate    

CAGR of 6.0% for the forecast period of 2024-2029

Segments covered

Material, Process, End User

Regions covered

North America, Europe, Asia-Pacific, Rest of the World (including South America, and the Middle East and Africa)

Countries covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, Japan, China, India

Market Drivers

•  Increased recyclability of paper and paper packaging

•  Demand for recycled material-based packaging

•  Reusable Packaging to achieving efficiency and environmental goals

Interesting facts about the global market for sustainable packaging:

 The growing demand for recycled material packaging represents a significant shift towards sustainability, driven by consumer preference for eco-friendly options and stricter regulations. Companies are increasingly recognizing the value of incorporating recycled materials into their products. Major brands like Coca-Cola, PepsiCo, Nestlé, Danone, and Unilever are supporting chemical recycling and collaborating with recyclers to advance this innovative technology.

The report addresses the following questions:

1.  What are the projections for the market?

The sustainable packaging market is projected to grow from $278.1 billion in 2023 to $391.1 billion in 2029 at a CAGR of 6.0% during the forecast period.

2.  What are the key factors driving the growth of the market?

 Increased recyclability of paper and paper packaging. Demand for recycled materials-based packaging. Growth in reusable packaging to achieve efficiency and environmental goals.

3.  What segments are covered in the market?

The market is segmented based on material, process, end user, and region.

4.  Which material will dominate the market by the end of 2029?

The paper segment will dominate the market in terms of value.

5.  Which region has the highest market share?

Europe holds the highest share of the market by value, due to the presence of many sustainable packaging manufacturing companies in the region, technological advances, and stringent regulations on the use of single-use plastic packaging.

Leading companies include:

 3M AMCOR PLC ARDAGH GROUP S.A. BALL CORP. BERRY GLOBAL INC. DUPONT HUHTAMAKI INTERNATIONAL PAPER MONDI NATUREWORKS LLC. PLASTIPAK HOLDINGS INC. SONOCO PRODUCTS CO. STOELZLE GLASS GROUP SMURFIT WESTROCK SEALED AIR TETRA PAK INTERNATIONAL S.A.

Related Reports:

Global Bio-based Composite Material Market: This report provides an analysis of the global market for bio-based composite materials, segmented by type (wood fiber and non-wood fiber), fiber type (including wood fiber, hemp, and flax), resin type (such as polyethylene, polypropylene, and polyvinyl chloride), end-use (building and construction, transportation, industrial applications, and consumer goods), and region (North America, Europe, Asia-Pacific, and RoW). Estimated revenues are based on manufacturers’ total revenues in constant U.S. dollars, without adjustment for inflation.

Plastics Recycling: Global Markets: This report provides an in-depth analysis of the global plastic recycling market, with 2023 as the base year and revenue forecasts from 2024 to 2029 (in $ millions). The market revenue includes only the earnings of plastic recyclers from providing recycling services and selling recycled plastics. The report further segments the market by type PET, HDPE, LDPE and LLDPE, and PP), end-use industry (packaging, construction, and transportation), technology (mechanical and chemical), and region (Asia-Pacific, Europe, North America, and Rest of the World).

Directly purchase a copy of the report from BCC Research.

For further information or to make a purchase, please get in touch with info@bccresearch.com.

About BCC Research

BCC Research market research reports provide objective, unbiased measurement, and assessment of market opportunities. Our experienced industry analysts’ goal is to help readers make informed business decisions, free of noise and hype.

Contact Us

Corporate HQ: 50 Milk St. Ste 16, Boston, MA 02109, USA
Email: info@bccresearch.com,
Phone: +1 781-489-7301

For media inquiries, email press@bccresearch.com or visit our media page for access to our market research library.

Any data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher.

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Tabono Capital Announces Strategic Partnership with Invesco to Deliver Enhanced Investment Solutions for UHNW Clients

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SINGAPORE, Nov. 26, 2024 /PRNewswire/ — Tabono Capital today has announced a strategic partnership with Invesco that enhances investment solutions for ultra-high-net-worth clients.

Tabono Capital, a multi-family office based in Singapore, collaborates with Invesco, a global investment management leader with over US$1.7 trillion in assets under management. This partnership merges Invesco’s institutional-grade investment expertise, cutting-edge portfolio solutions, and comprehensive research capabilities with Tabono Capital’s strong relationships with ultra-high-net-worth (UHNW) families across the Asia Pacific and Middle East regions.

This collaboration enables Tabono Capital’s clients to benefit from the extensive resources and scale of Invesco’s capabilities. For Invesco, the partnership provides enhanced access to sophisticated investors in key growth markets.

Key elements of the partnership include:

Implementation and construction of model portfolios and asset allocation frameworksAccess to institutional-grade investment research and comprehensive market insights for UHNW clientsKnowledge sharing and collaboration on market intelligence and investor insights

Nirish Unni, CEO & Co-Founder of Tabono Capital, emphasized the significance of the partnership: “This partnership represents a significant milestone in our growth strategy. By leveraging Invesco’s world-class investment research and asset allocation capabilities, we can provide our clients with institutional-grade investment solutions while maintaining the personalized service they expect from a boutique multi-family office.”

Santosh Rao, Co-Founder and Chief Revenue Officer of Tabono Capital, added: “Our clients increasingly seek institutional-quality investment solutions with global reach. This collaboration with Invesco allows us to deliver exactly that, while maintaining our personalised approach to client service. Together, we will create portfolios designed to capture opportunities in key global markets while effectively managing risk.”

Christopher Hamilton, Asia Pacific Head of Client Solutions for Invesco, stated: “We’re proud to partner with Tabono Capital to bring our industry-leading offerings and capabilities to Asia’s expanding family office and UHNW segment. This is a compelling platform for investors to access comprehensive strategies that can help them meet their financial goals.”

About Tabono Capital

Tabono Capital is a multi-family office headquartered in Singapore, licensed by the Monetary Authority of Singapore (MAS) to provide Fund Management services. Co-founded by industry veterans and former private wealth managers Nirish Unni and Santosh Rao, the firm caters to ultra-high-net-worth families across the Asia Pacific and MENA regions, offering comprehensive wealth management and family office solutions. For more information, visit https://tabonocapital.com

Contact: team@tabonocapital.com

About Invesco

Invesco Ltd. (NYSE: IVZ) is a global independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. With offices in more than 20 countries, our distinctive investment teams deliver a comprehensive range of active, passive and alternative investment capabilities. For more information, visit www.invesco.com/corporate.

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RedDrop Wins the $1 Million Dollar Grand Prize from Pharrell Williams’ Black Ambition to Empower Period Care Innovation in Teen-Focused Wellness

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ATLANTA, Nov. 25, 2024 /PRNewswire/ — RedDrop, a rising star in the wellness industry for its innovative period care products for tweens, is proud to announce that it won the $1 Million Dollar Grand Prize from Black Ambition.

In 2020, Pharrell Williams founded the non-profit organization Black Ambition to support Black and Hispanic Entrepreneurs to fuel future founders. This year celebrates its 4th Annual Black Ambition Demo Day, where over 250 guests gathered to hear eight finalists’ pitches and celebrate the brilliance of Black and Hispanic entrepreneurs. The event was supported by Visa, Comcast, Lennar Foundation, Louis Vuitton and Adidas. The panel of four judges, which included Lisa Price, Founder of Carol’s Daughter; Pinky Cole, Founder of Slutty Vegan; Matt Story, Vice President, Global Brand Integrated Marketing at Visa; and Erik Moore, Founder & Managing Director, Base Ventures determined the top winners to an enthusiastic audience.

As one of the few brands chosen for this highly competitive program, RedDrop will benefit from Black Ambition’s extensive mentorship network, funding, and resources to amplify Black and Hispanic founders and their brands. With a focus on providing personalized wellness solutions and empowering tween girls, RedDrop is excited to partner with industry leaders to scale its impact and reach new audiences. 

“We’re beyond thrilled to be the grand prize winners of this year’s Black Ambition Prize Competition! Having $1 million to invest in our business is life-changing and will give us opportunities to grow and continue to impact our community,” said Dr. Monica Williams, Co-Founder and CEO of RedDrop. “And while the prize money is great, the mentorship and network provided by Black Ambition is priceless and will allow us to open doors that were previously closed and to start building our own table so we can invite others to have a seat.”

One of Black Ambition’s key initiatives is to encourage and support Black and Hispanic founders with funding, mentorship, and network support as each founder develops their footprint in their industries. Black Ambition has awarded over $2.7 million to 30 trailblazing founders across AI, Consumer Products and Services, Healthcare, Media & Entertainment, and Tech. In addition to the $1 Million grand prize, RedDrop will have access to industry veterans, office hours with investors and senior leaders, exclusive invitations to retail partnership meetings, wellness and executive coaching, and more for the next six months. 

Through access to industry veterans, strategic insights, and capital support, RedDrop is poised to take its mission to new heights while promoting wellness solutions that resonate with diverse and underrepresented communities. RedDrop’s inclusion in the Black Ambition network marks a significant milestone in the company’s journey to revolutionize how tween girls connect with wellness products that align with their unique needs and values.

To connect and learn more about RedDrop, please visit www.tryreddrop.com. Follow us on  Instagram (@reddrop), Facebook (@reddropco), Youtube (@tryreddrop), X (@reddrop) and TikTok (@reddropco) to stay up to date with us.

About RedDrop
RedDrop is a wellness brand committed to creating inclusive and innovative period products for tween girls to feel their best during their new stage of life. With a focus on properly sized period products and education-backed solutions, RedDrop is revolutionizing the way consumers approach health, wellness, and self-care.

Media Contact
Sterling Jones
Marketing and Communications Specialist
media@reddrop.co
www.tryreddrop.com

Photos: Getty ImagesJason MendezBlack Ambition

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Chaaat.io to Release Bookingz, a Booking Personal Assistant to Streamline Appointment Scheduling

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HONG KONG, Nov. 26, 2024 /PRNewswire/ — Chaaat.io, an emerging leader in providing user-friendly tools for customer acquisition, engagement, and retention, is excited to announce the launch of its latest feature: Bookingz.

Designed to deliver a seamless booking experience, Bookingz allows users to schedule appointments entirely through WhatsApp. This launch arrives at a time when businesses and individuals are increasingly seeking efficient ways to interact with customers on platforms they use daily, as communication channels like email are dwindling in performance. WhatsApp, with its 2 billion active users, has become a central communication hub for both individuals and businesses. Bookingz enables businesses of all sizes to offer efficient, convenient appointment booking directly through WhatsApp.

Simplifying Making Bookings

Bookingz transforms the customer journey in several key ways. Businesses that sign up with Bookingz can send a WhatsApp link to their customers, who can then experience a fully streamlined booking process that stays within WhatsApp, eliminating the friction of switching between apps or websites.

Bookingz manages the process on behalf of the business, eliminating the need for the business owner or representative to tediously go back and forth suggesting availabilities. Users can simply request availabilities and then confirm a booking, all from the safety of WhatsApp.

Bookingz also delivers a much higher click-through and booking rate than email. The platform leverages WhatsApp’s high open rates – roughly 80-90%, compared to the meager 5% standard open rates offered by email, to send reminders and follow-ups that customers are more likely to see, ensuring appointments are top-of-mind and helping avoid no-shows and last-minute cancellations.

Keeping things in one place

Beyond streamlining the booking process, Bookingz enhances customer engagement by staying within the familiar and trusted space of WhatsApp. This user experience approach increases booking rates by reducing the enormous friction that business owners will see with alternative booking solutions that force customers to download apps, sign up and/or log in.

End users can make a booking with businesses by sending a WhatsApp message, with the assistant guiding them through each step in real time. Whether booking an appointment, scheduling a consultation, or arranging a meeting, customers can request and secure bookings without leaving the app. For businesses, this user-friendly design requires no technical skills and can be launched with just a few clicks.

The Future of Customer Interaction

With the launch of Bookingz, Chaaat.io is setting a new standard for customer engagement and service. By simplifying the process of offering booking services through WhatsApp, Chaaat.io is reshaping the accessibility of booking automation. This democratization of business tools allows even the smallest companies to leverage advanced features and deliver exceptional customer experiences.

As businesses prioritize customer experience and seek personalized, convenient interactions, Chaaat.io‘s innovations are poised to influence how SMEs communicate with customers around the world. Bookingz is just one of many Chaaat.io features designed to help companies strengthen customer relationships, enhance engagement, and drive revenue growth.

In today’s evolving digital landscape, tools like Bookingz are essential for any modern, customer-focused business to keep up with modern customer behavior.

For more information or to join the wait list, contact James Hogan at support@chaaat.io

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