Advanced Materials for Greener Packaging: Deep Tech Startups Share Solutions for Rethinking Materials
As consumers and regulators demand more eco-friendly solutions, the rise of sustainable packaging represents not only an environmental necessity but also a burgeoning market opportunity.
Packaging is ubiquitous in our daily lives, allowing for minimal food waste and overall product breakage with advanced convenience features and low costs.
Over the past decade, the global packaging industry has experienced strong growth, driven by changes in substrate choices and the expansion of new end markets. Key changes include the increased use of plastics to replace other substrates and meet consumer demand for convenience, as well as the economic boom in China and other emerging regions.
Today, the world is producing twice as much plastic waste as it did twenty years ago, yet according to the OECD, only 9% is successfully recycled.
Therefore, the focus on sustainable packaging has become more critical than ever. The urgency to address environmental concerns has given rise to a new wave of innovative startups dedicated to reducing the environmental footprint associated with packaging.
In this analysis, we delve into why sustainable packaging is of utmost importance now, what technological solutions exist, and which startups are working on them.
From waste reduction to minimizing pollution, sustainable packaging aligns with the growing consumer demand for eco-friendly solutions. Furthermore, the capital flows into these startups reflect a shifting paradigm where investors recognize the potential for both financial returns and positive environmental impact.
Why do we need sustainable packaging today?
Traditional packaging, while it has improved product preservation and protection, has also significantly contributed to environmental pollution and waste increase.
Plastic production has exponentially risen in recent decades, going from