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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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Trainocate Wins Cisco Learning Partner of the Year – APJC for Second Consecutive Year

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BANGALORE, India, Nov. 15, 2024 /PRNewswire/ — Trainocate Holdings, a leading global provider of technology and business training solutions, today announced that it has been awarded the Cisco Learning Partner of the Year 2024 for Asia Pacific, Japan, and China (APJC) for the second year in a row.

This prestigious award recognizes Trainocate’s outstanding performance, commitment to customer success, and dedication to delivering high-quality Cisco training programs across the region.

“To be recognized once was an honour beyond words, but to be bestowed this distinction again is truly humbling and a testament to the unwavering support and encouragement of those who have walked this journey with us,” said Takashi Ozawa, President & CEO of Trainocate Holdings. “We are deeply grateful for everyone who has been a part of our success. This award reflects our core values of collaboration, excellence, and customer centricity, and it inspires us to continue upholding them in everything we do.”

“Receiving the Cisco Learning Partner of the Year award for a second consecutive year is a true reflection of our team’s dedication and our unwavering pursuit of excellence,” said Khor Hee Soo, CTO of Trainocate Holdings, Managing Director for India, and Chairman for Sri Lanka and UAE. “This recognition not only celebrates the hard work of everyone at Trainocate but also reinforces our commitment to empowering individuals and organizations across the APJC region with transformative learning solutions. We are deeply grateful to Cisco for their partnership and look forward to continuing our journey of innovation and impact in the learning and development space.”

During the award ceremony held on 23 October 2024, Cisco highlighted Trainocate’s impressive achievements within the past year, including:

32% of Instructor-Led Training (ILT) seats sold in the APJC region.45% of Cisco U subscriptions sold in the APJC region.Exceptional learner satisfaction on score of 94%.

These accomplishments demonstrate Trainocate’s strong track record of delivering impactful and engaging learning experiences that help professionals achieve their career goals and organizations drive digital transformation.

As a Cisco Platinum Learning Partner, Trainocate offers a comprehensive portfolio of authorized Cisco training courses, certifications, and learning solutions. With over 29 years of experience, Trainocate is a trusted partner for organizations seeking to upskill their workforce and stay ahead of the curve in today’s rapidly evolving technology landscape.

About Trainocate Holdings

Trainocate Holdings is a leading provider of IT and professional training, offering a comprehensive range of courses and certifications across various domains.

Boasting a global presence in 22 countries (and counting!) and a commitment to excellence, Trainocate empowers individuals and organizations to achieve their full potential through continuous learning and development.

With 30+ authorized training partnerships and countless awards from leading technology vendors, you’re guaranteed learning from the industry’s elite when you #GetTrainocated.

For more information, visit Trainocate’s website www.trainocate.com.

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Can Independent Physicians Survive in 2025?

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Learn How at an Exclusive Webinar on Nov. 20th Hosted by Medical Economics and Specialdocs 

CHICAGO, Nov. 14, 2024 /PRNewswire/ — In healthcare change is inevitable, but for independent physicians already facing an uncertain economic forecast in 2025, the prospect of a new administration is sparking even more concern. To help decipher the implications of an ever-evolving regulatory and reimbursement landscape, Medical Economics has teamed up with Terry Bauer, CEO of concierge medicine pioneer Specialdocs Consultants, and Max Reiboldt, Chairman of leading healthcare advisory, Coker, to present an exclusive, informational webinar for physicians on November 20th. Bauer and Reiboldt bring insights gained collectively over more than a century advising physicians on career strategies, to address the headwinds that threaten to topple private medical practices, and explain why concierge medicine offers one of today’s most viable pathways to retaining independence. 

Prominent healthcare industry experts share how physicians can thrive in 2025: join our complimentary webinar on Nov. 20th.

CLICK HERE to register for “2025 Forecast for Physicians: Financial Headwinds, Continued Burnout, and How Concierge Medicine May Be the Cure for What Ails You” at 7 pm CST/8 pm EST on Wednesday, November 20th.

“Now representing just 22% of all practices,1 the independent physician is in danger of disappearing altogether amid unrelenting financial, professional and personal pressures,” says Bauer. “Among other challenges, rising costs to operate a traditional practice and continual cuts to Medicare reimbursements have contributed to an overall 29% downward slide in Medicare compensation over the last two decades.”2

He continues: “Yet we know that a change to our membership medicine model can prove lifesaving, restoring practice sustainability and ushering in a new era of unparalleled career satisfaction. We’ve long championed this solution for physicians in private practice, who have been consistently unappreciated for the very real value they bring to their patients and the health system.” 

Adds Reiboldt: “Physicians in private practice are still a cornerstone of our healthcare system yet are facing challenges that threaten their existence. More and more physicians are affiliating with capital and/or strategic partners, which is not a bad thing but still threatens their independence and private structure.”

A number of crucial issues will be examined during the webinar. “We will approach these with sensitivity as all providers (physicians, health systems, private and public investors, et al) share in both the credit and the blame for our current state of affairs,” says Reiboldt.

Topics will include:

The new administration’s approach to lowering costs, reducing regulatory barriers to consolidation and expanding price transparency mandates for healthcare services.Future use of AI and other technologies to drive greater efficiencies, quality of care.The outlook for primary care providers and programs such as Medicare Advantage, risk-based reimbursement, quality incentives.How upcoming changes in reimbursement and regulations impact the financial viability of traditional practices.Strategies for maintaining or regaining independence as a practitioner; concierge medicine as a model offering sustainable financial security and work-life balance.

About Our Speakers

Terry Bauer is CEO of Specialdocs Consultants. With more than three decades of healthcare leadership experience, Terry has a reputation for bringing about positive change as a strategist, builder, and driver of successful, high-performance companies. Terry’s mission at Specialdocs: to elevate the profile and escalate the growth of this firm that has pioneered the transition from traditional to independent concierge medicine practices, with a focus on expanding the reach and portfolio of high-quality services provided to the company’s growing national network of exceptional physicians. Terry’s career includes a long tenure as co-founder, president, CEO, and director of Orion HealthCorp, a national physician services and management organization. He has served on the board of directors of Specialdocs since Shore Capital Partners invested in the firm in 2015, and became CEO of the company in 2016.

Max Reiboldt, CPA, is Chairman of Coker. His 45 years of work in business and industry, primarily involving healthcare providers, has given him invaluable experience. He handles strategic, tactical, financial, and management issues that health systems, physicians, and other healthcare entities and/or investors face in today’s evolving marketplace. Max understands the nuances of the healthcare industry in a dynamic age, and how healthcare organizations need to maintain viability in a highly competitive market. Whether a transitional provider or a more trailblazing healthcare entity, Max works to provide sound solutions to everyday and long-range challenges with a hands-on approach much valued by his clients. Max oversees Coker’s services as part of the Executive Committee, and maintains his passion for working with clients and organizations of all sizes.

Physician’s Advocacy Institute reportAMA 2024 Medicare Updates

Media Contact:
Mindy Kolof
mkolof@specialdocs.com 
8479213271

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Rokid Glasses: Where AI Meets AR, Rivaling Meta’s Ray-Ban in an Exclusive Unveiling at Rokid Jungle 2024

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REDWOOD CITY, Calif., Nov. 14, 2024 /PRNewswire/ — Rokid is poised to unveil its groundbreaking next-generation smart glasses, the Rokid Glasses, at the highly anticipated Rokid Jungle 2024 event, set to take place on 18 November in Hangzhou, China. Seamlessly integrating cutting-edge artificial intelligence with augmented reality, Rokid Glasses represent the pinnacle of innovation. As the most eagerly awaited event in the augmented reality calendar, Rokid Jungle 2024 is destined to be the largest and most consequential gathering of its kind on the global stage. With an impressive turnout expected of over 1,000 distinguished attendees, the event will serve as a landmark occasion, bringing together partners, visionaries, and industry leaders. The launch of the Rokid Glasses promises to elevate the smart daily experience to unprecedented heights, setting new standards in the realm of wearable technology.

Rokid Glasses: Transforming AI and AR into an Essential Daily Gadget for All
Rokid Glasses combine style, comfort, and lightweight design with intuitive, AI-powered features. Integrated with Alibaba’s Tongyi Qianwen AI, Rokid Glasses offer a range of capabilities, including object recognition, text translation, and even solving complex math problems. It can calculate the calorie content of food or provide real-time language translation, making it an indispensable tool for travelers.

Empowered by Zhi Xiaobao, Alibaba’s AI assistant, Rokid Glasses allow users to take full control of their world with simple voice commands, whether booking a ride or ordering a coffee. The advanced voiceprint recognition technology also facilitates secure payments via Alipay, ensuring a seamless and trusted connection to the user’s phone. Alipay’s cutting-edge AI audio detection technology guarantees top-tier security and fraud prevention during transactions.

A standout feature of Rokid Glasses is the ability to view message notifications directly through the glasses, effectively replacing the need for a phone screen. This functionality hints at a future where Rokid Glasses may evolve into a central hub of daily life, potentially replacing smartphones altogether as an essential tech gadget. “We’ve crafted our new glasses to redefine the user experience, bringing the world’s first AI+AR glasses to daily life,” says Misa Zhu, Founder and CEO of Rokid. “Our mission is to make high-quality AI+AR glasses accessible to everyone, and this launch marks a bold step in that direction.” True to Rokid’s ethos of Leave Nobody Behind, the Rokid Glasses bridge gaps in accessibility, usability, and comfort, ensuring that everyone can experience the transformative power of innovation.

Rokid’s Role to Impact Global Tech Arena and Its Commitments for leading AR Industry
Rokid is making significant strides in transforming the museum experience using augmented reality (AR) technology to enhance visitor engagement. By providing immersive, interactive experiences, Rokid brings historical artifacts and exhibitions to life in exciting new ways. With over 2.5 million users benefiting from its AR glasses and more than 300,000 of these users have made actual purchases and are actively engaged with the devices. Even more striking is the fact that Rokid users spend an average of 2 hours and 45 minutes daily with Rokid glasses—this not only underscores the strong appeal of Rokid’s products but also reflects the growing consumer interest in and adoption of augmented reality technology.

Rokid’s ecosystem continues to flourish, with over 6,200 registered developers, highlighting the company’s significant progress in cultivating an open and thriving ecosystem. As the race in augmented reality heats up, major players are competing for dominance in this rapidly evolving space. With AR technology expanding its global footprint, the question remains: who will emerge as the true leader in the AR industry? While the collaboration between Ray-Ban and Meta has brought new energy to the smart glasses market, Meta continues to face challenges. Despite a decade of investment in XR, VR, and AR, Meta has made strides with VR hardware like the Meta Quest but still struggles with slow user adoption and limited AR functionality.

Rokid Jungle 2024: A Decade of Breaking Boundaries in Augmented Reality
Rokid Jungle 2024 commemorates a significant milestone: Rokid’s 10th anniversary and the beginning of the next decade of AR innovation. From its founding in 2014, Rokid has maintained a relentless focus on human-computer interaction, driving the evolution of AR technology through unwavering dedication to innovation. From setting industry standards with the original Rokid Glass to the highly regarded consumer product Rokid Air, and now with the trendsetting AR Studio and AR Lite, Rokid has played a key role in propelling the AR industry forward.

With the launch of the latest Rokid Glasses, the company reaffirms its leadership in the new wave of AR technological innovation. To mark this remarkable milestone, Rokid is delighted to offer a $20 benefit on all purchases made via the official website, using the code ROKID10 at checkout. Looking ahead, Rokid is thrilled to showcase its innovations at CES 2025, where will continue to lead the charge in AR technology. Rokid looks forward to seeing you there and sharing the next chapter of this exciting journey.

Email: pr@rokid.com
Rokid Official Website https://global.rokid.com/

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