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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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Huawei Cloud in France: Building an AI-Native Cloud to Amplify Intelligence on the Tech Stage

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PARIS, Nov. 14, 2024 /PRNewswire/ — HUAWEI CONNECT 2024 PARIS commenced today, featuring the first Huawei Cloud Summit France. Huawei Cloud is building an AI-native cloud through systematic innovation and service reshaping. Moving forward, Huawei Cloud will continue to drive innovation in both the “AI for Cloud” and “Cloud for AI” directions, accelerating the intelligent transformation across industries in France.

Jacqueline Shi, President of Huawei Cloud Global Marketing and Sales Service, delivered a welcome speech in her digital presence built using Huawei Cloud MetaStudio. She stated, “Innovation is the heart of our success, our competitiveness, and our growth. That’s why we invest heavily in R&D to bring you the most secure and reliable cloud services possible, including cloud native, AI, and big data. In Europe, Huawei Cloud has collaborated with over 500 local partners to deliver a wide range of industry-specific solutions and proven expertise, enabling European businesses to expedite their cloud adoption, leverage global resources, and achieve leapfrog growth.”

In his keynote speech, William Dong, President of Huawei Cloud Marketing, highlighted the importance of AI in building economic moats. To this end, Huawei Cloud launches Pangu models to enable intelligent upgrades across industries, with over 400 use cases in 30 industries now benefiting from Huawei Cloud’s AI-native cloud infrastructure that extends cutting-edge technologies and premium experiences to European customers. On the tech stage, Huawei Cloud is set to amplify intelligence.

Huawei Cloud’s AI-native strategy has been a cornerstone of the company’s innovation. This strategy is twofold: AI for Cloud and Cloud for AI, marking significant advancements in Huawei Cloud’s capabilities. “AI for Cloud” means integrating Pangu models with cloud services for product R&D, data governance, security, and O&M to make them more intelligent and efficient.

With full-stack systemic innovations, “Cloud for AI” covers data centers, cloud platform architectures, and infrastructure services, enabling efficient and high-performance data preparation, training, inference, and application of foundation models. The distributed cloud database GaussDB features high performance, high intelligence, and easy migration. Huawei Cloud Stack 8.5 provides more than 120 locally deployed cloud services and 50 industry-specific solutions, building the optimal hybrid cloud for intelligent transformation.

At this summit, Huawei Cloud officially released the Flexus cloud services for small- and medium-sized enterprises (SMEs) in France. Flexus feature flexible specifications, AI-driven high speed, 6x burst speed, compute hot upgrade, and ultimate experience.

Presently, Huawei Cloud has more than 500 customers, partners, and developers in France. Song Wanying, President of Huawei Cloud France, shared insights on fostering business growth through cloud innovation and introduced new media & entertainment, e-commerce, and retail solutions for the French market, furthering intelligent initiatives.

Huawei Cloud has upgraded media services in a 3E approach: efficiency, experience, and evolution. For instance, AIGC for virtual humans can significantly reduce the time required for short video production from days to mere minutes. In terms of experience, Huawei Cloud leverages its self-developed RTP protocol to minimize latency to 500 ms and reduce frame freezing to 10%. For business model evolution, Huawei Cloud offers virtual human technology to facilitate efficient video production, leading to new business opportunities and growth.

In retail and e-commerce, Huawei Cloud has developed the B.R.A.N.D. model to assist retailers in driving innovation and growth. Through professional services, deterministic operations, security, reliability, and 16 sub-scenario solutions, B.R.A.N.D. enables retailers to build agile, efficient, and secure business systems.

In terms of ecosystem expansion, Huawei Cloud has partnered with Station F, the world’s largest startup incubator, to launch a sustainability-themed incubation program. This program aims to provide comprehensive support for startups, including cloud resources, investment opportunities, and dedicated office spaces. Additionally, Huawei Cloud and 20 ecosystem partners have unveiled the Industry Partner Innovation Program at the summit.

This two-day event features a packed agenda, including the partner forum and the Cloud Native Elite Club (CNEC) roundtable. At this year’s HUAWEI CONNECT Europe, CNEC returned to Europe and invited its first members to join this technical community built for European technology pioneers.

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ALBERT GAHFI, NEWCO CAPITAL GROUP CEO, NOMINATED FOR THE U.S. FINTECH AWARDS’ INNOVATOR OF THE YEAR

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NEW YORK, Nov. 14, 2024 /PRNewswire/ — NewCo Capital Group is proud to announce that Albert Gahfi, CEO of NewCo Capital Group and Co-Founder and Director of Bizcap, has been nominated for the prestigious Innovator of the Year Award by the U.S. FinTech Awards. This recognition highlights Albert’s groundbreaking contributions to the FinTech sector and his dedication to founding companies that empower small businesses with forward-thinking capital solutions.

We are focused on what’s next—continuing to build the tools and services that will drive the future of FinTech

As a proven enterprise-building founder and CEO, Albert co-founded Kings Cash Group and oversaw its merger with a large FinTech consortium that included an SEC-registered fund. As the Co-Founder and CEO of NewCo Capital Group, Capytal.com, and NewCo Canada, as well as the co-founder of Melbourne-based BizCap, Albert’s global expansion strategy has led to the opening of offices in New Zealand, the United Kingdom, and a recently announced strategic initiative in Asia via Singapore.

The nomination for Innovator of the Year underscores NewCo’s commitment to reshaping how small-to-medium businesses and enterprise companies access financing. Since its founding, NewCo has remained at the forefront of Specialty Finance within the FinTech sector, continually creating custom capital solutions that leverage advanced technology, nuanced underwriting, and a deep understanding of client needs.

Bruce Gurvitsch, Chief Revenue Officer for NewCo Capital Group and Capytal.com, commended the nomination, stating, “Albert’s nomination for Innovator of the Year reflects his unwavering pursuit of excellence—a drive that defines our mission at NewCo. We’re committed to pushing the boundaries of what’s possible in FinTech, ensuring that SMBs have access to the capital they need for growth, job creation, and long-term success.”

NewCo and its affiliate companies have transformed traditional financing models, making it easier, faster, and more efficient for businesses to secure funding. With over $1.8 billion deployed across 40,000+ businesses globally, NewCo continues to lead the charge in specialized financing and working capital.

Reflecting on the nomination, Gahfi remarked, ‘This recognition from the U.S. FinTech Awards validates our efforts and inspires us to continue delivering the most innovative solutions to the market.’ He emphasized NewCo’s long-term vision, adding, ‘We are focused on what’s next—continuing to build the tools and services that will drive the future of FinTech. Our mission has always been to empower small businesses globally.’

For more information about NewCo Capital Group, visit www.NewCoCapitalGroup.com or email Info@NewCoCapitalGroup.com.

About NewCo Capital Group & Capytal.com

Founded in 2020, NewCo Capital Group and its affiliate companies empower SMBs globally with fast, accessible financing and funding. The companies have successfully deployed $1.8 billion to over 40,000 SMBs while maintaining a 4.9/5 Trustpilot rating.

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SOURCE NewCo Capital Group

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Enrollsy Unveils Brand Refresh and New Website to Enhance Enrollment Experience for Schools, Camps, Nonprofits, and More

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LEHI, Utah, Nov. 14, 2024 /PRNewswire/ — Enrollsy, the platform dedicated to making enrollment simple and accessible for organizations of all sizes, is thrilled to announce its brand refresh and launch of a new website at www.enrollsy.com. With a renewed focus on simplifying enrollment processes and delivering unparalleled support, Enrollsy’s brand refresh reinforces its commitment to empowering non-technical professionals with a seamless, user-friendly experience.

Enrollsy is online enrollment software made easy.

The name “Enrollsy” reflects the platform’s mission: combining “enroll” and “easy” to describe a solution that effortlessly manages the enrollment process—from sign-up to payments and communications—without requiring technical expertise or IT support. Enrollsy’s customizable platform is designed to solve enrollment challenges and make life easier for administrators everywhere.

Empowering Purpose, Mission, Vision, and Values

Driven by a purpose to create an exceptional experience from the first interaction to ongoing support, Enrollsy ensures every aspect of its service is tailored to customer needs. Enrollsy’s mission—to provide an amazing enrollment experience to 10 million people in a single year—drives the platform to innovate, simplify, and perfect enrollment solutions for organizations managing data, payments, and communications.

Enrollsy envisions a world where education, enrichment, and connection drive better outcomes, helping organizations fulfill their missions. As a trusted partner, Enrollsy shares its values with customers by prioritizing consistency, honoring commitments, and maintaining clear, actionable communication.

Unmatched Customer Experiences

Enrollsy’s brand refresh also highlights its commitment to delivering value through real-life customer success stories. Elizabeth Fizer, owner of Fizer Fine Art, shares, “Enrollsy transformed our registration process from an absolute nightmare to easily manageable. Their unmatched customer service and ability to tailor the software to meet our specific needs allowed us to offer flexible schedules and simplified invoicing—enabling me to focus on my family during a busy registration period. Parents found it easy and intuitive, which only enhanced our customer experience.”

Similarly, Matthew Vinson from Common Ground on the Hill, a nonprofit, noted, “Enrollsy exceeded our expectations by listening to our unique needs and creating a system that integrates with our existing applications seamlessly. They understood our operations and provided features we needed, making the registration process efficient and stress-free.”

Visit the New Enrollsy Website

Enrollsy’s reimagined website offers a refreshed look at how the platform simplifies enrollment, billing, and communication for education, enrichment, and nonprofit organizations across the U.S., Australia, and Canada. Visitors are invited to explore www.enrollsy.com to discover how Enrollsy’s solutions are transforming the enrollment experience and simplifying administrative processes.

About Enrollsy Enrollsy provides a complete, easy-to-use solution for managing enrollments, payments, and participant communications. Designed for non-technical professionals, Enrollsy’s mission is to simplify enrollment for organizations while delivering unmatched support and flexibility. Visit www.enrollsy.com to learn more about how Enrollsy is shaping the future of enrollment.

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SOURCE Enrollsy, Inc.

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