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

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2 years ago

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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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View original content:https://www.prnewswire.co.uk/news-releases/sustainable-packaging-takes-center-stage-in-global-markets-a-step-towards-a-greener-future-302304722.html

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Trip.com Group Sincerely Accepts Administrative Penalty Decision Issued by the State Administration for Market Regulation of the People’s Republic of China

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1 hour ago

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July 25, 2026

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SINGAPORE, July 25, 2026 /PRNewswire/ — Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) today announced that it has received the administrative penalty decision issued by the State Administration for Market Regulation of the People’s Republic of China.

Trip.com Group sincerely accepts the decision and will adopt rectification measures in accordance with applicable laws and regulations to implement the decision’s requirements. The Company will strengthen its long-term governance mechanisms and strive to contribute to the sustainable development of the travel industry.

Trip.com Group’s management team will host a conference call at 8:00 AM U.S. Eastern Time on July 27, 2026 (or 8:00 PM Hong Kong Time on July 27, 2026).

The conference call will be available on Webcast live at: http://investors.trip.com.

All participants must pre-register to join this conference call using the participant registration link below:
https://register-conf.media-server.com/register/BIb78e08d8f18340c4882a7e4ab961906b.

Upon registration, each participant will receive details for this conference call, including dial-in numbers and a unique access PIN. To join the conference, please dial the number provided, enter your PIN, and you will join the conference instantly.

For further information, please contact:
Investor Relations
Trip.com Group Limited
Email: iremail@trip.com

View original content:https://www.prnewswire.com/news-releases/tripcom-group-sincerely-accepts-administrative-penalty-decision-issued-by-the-state-administration-for-market-regulation-of-the-peoples-republic-of-china-302834599.html

SOURCE Trip.com Group Limited

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NAVER Partners with Brookfield and NVIDIA to Expand Korea’s National AI Factory Infrastructure Buildout

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3 hours ago

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July 25, 2026

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SAN FRANCISCO, July 25, 2026 /PRNewswire/ — NAVER, Brookfield and NVIDIA announced an expansion of Korea’s sovereign AI factory infrastructure. New investments will increase the initial NVIDIA DSX™ AI factory deployment from 55 megawatts to 200 megawatts.

Announced during Korea President Jae Myung Lee’s AI Summit visit to San Francisco, the planned 200-megawatt expansion will be built with the NVIDIA DSX platform at NAVER’s GAK Sejong hyperscale data center in Sejong, South Korea. The expanded infrastructure will provide Korea- and U.S.- based AI innovators with access to production-scale AI compute for building next-generation models, agents and AI-powered services.

Under the terms of the agreements, Brookfield will fund up to $9 billion as the exclusive capital partner, NVIDIA will invest $1 billion and NAVER will fund the remaining amount to finance the $10 billion project.

This builds on NAVER’s June announcement to extend its GAK Sejong data center with NVIDIA DSX, with a long-term path to gigawatt-scale sovereign AI infrastructure serving Korea’s enterprises, industries, government organizations and global AI cloud customers. Combining Brookfield’s capital with NVIDIA’s computing platform, the investment supports NAVER’s AI factory deployment.

“NVIDIA’s strategic investment and our infrastructure supply agreement with Brookfield have propelled NAVER’s vision for the AI Factory business into a robust execution phase,” said Haejin Lee, Founder and Chairman of NAVER. “Leveraging the solid partnerships with our global partners, we will drive technological innovation, foster a sovereign AI ecosystem, and spearhead efforts to strengthen South Korea’s AI competitiveness.” 

AI Factory Expansion and Open Model Collaboration to Fuel AI Innovators

NAVER, as an NVIDIA Cloud Partner, provides deep expertise in operating hyperscale infrastructure powered by the full-stack NVIDIA AI platform. The 200-megawatt AI factory, featuring NVIDIA Vera Rubin and Blackwell platforms, will establish a dedicated resource pool for emerging AI companies, providing the compute, software and support needed to develop and deploy competitive AI models and applications at scale.

This expanded infrastructure also builds on NAVER and NVIDIA’s collaboration on open model development for agentic and physical AI. NAVER is advancing its HyperCLOVA X models to be based on NVIDIA Nemotron™ 3 Ultra open models with its proprietary data and training expertise. NAVER is also the first Korean company to join the NVIDIA Nemotron Coalition, contributing to open model development across pretraining, post-training and reinforcement learning.

NAVER plans to launch an AI agent platform in Korea in the second half of the year, powered by NVIDIA Agent Toolkit software including NVIDIA NemoClaw™ blueprints. NAVER is also developing a Seoul World Model using proprietary urban street-view and spatial modeling data, built on NVIDIA Cosmos™ world foundation models.

About NAVER

Founded in 1999, NAVER is Korea’s largest Internet company and one of the world’s top tech companies. Leading cutting-edge technologies, NAVER operates the No.1 search engine in Korea and holds various business portfolios encompassing commerce, fintech, cloud, AI and robotics.

NAVER recorded sales of KRW 12.04 trillion (USD 8.18 billion) in 2025. TEAM NAVER continues to enhance its business portfolio and expand its global presence across Japan, North America, and Europe, while pursuing innovation through continuous research and development in future technologies.

View original content:https://www.prnewswire.com/news-releases/naver-partners-with-brookfield-and-nvidia-to-expand-koreas-national-ai-factory-infrastructure-buildout-302834577.html

SOURCE NAVER

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Beijing Review: Walking Through Time: China and U.S. Youths Explore Dali’s Past and Future

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3 hours ago

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July 25, 2026

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BEIJING, July 24, 2026 /PRNewswire/ — On July 17, a China-U.S. youth delegation came to Dali of Yunnan Province. By examining how Dali’s rich history intersects with modern development, the delegates explored new pathways for rural development.

They visited Dali Old Town, tried their hand at making the Bai people’s Three-Course Tea and also explored the ancient town of Xizhou, where they learned how modern tourism and indigenous life coexist.

In Yunnanyi Village, they explored its history as a stop along the Tea Horse Road and learned about the role it played during the Second World War (WWII).

Tyler James Smith

“I think it’s a very underappreciated part of World War II history. Hearing these stories of different countries working together despite cultural differences is incredibly inspiring.

I also think there are many stories like these that haven’t been widely told, simply because World War II is such a complex period in history. That’s why I think it’s so meaningful to visit museums like this and experience these stories firsthand.”

At Xiangyun Economic and Technological Development Zone, they visited a local new energy company to see how green, low-carbon development is driving regional growth.

Valerie Marie

“I recently started studying energy transitions. I know China has been really big in the renewable energy sector. So actually getting to hear more about [China’s] 2060 [pledge], learning more about carbon neutrality [goals], as well as other zero-carbon goals, was cool.”

During their stay in Dali, they also strolled along the Erhai Lake Ecological Corridor.

Bai Yiwen

“I’d describe this journey as “to be continued,” because my own connection with Yunnan is far from over. For the U.S. delegates, this was only their first visit, so they’ve only had a glimpse of what Yunnan has to offer. I hope they will have more opportunities to come back to China, explore other cities in Yunnan, and discover even more of its people, culture and traditions.”

After Dali, the delegates will visit Beijing for more tours and exchanges. The event was co-hosted by China International Communications Group (CICG) Center for the Americas and the U.S.-based International Student Conferences.

https://x.com/beijingreview/status/2080104404552663067?s=46&t=yfVMVdMyE2zKAFrYaLoV-g

https://www.facebook.com/share/v/1EtGCCKzy4/?mibextid=wwXIfr

https://www.tiktok.com/@cachinachic/video/7665536913532587294?is_from_webapp=1&sender_device=pc&web_id=7227134149436605995

https://youtu.be/jGONWTqwduc?is=KfL-Zn3HyVYE-KEm

Contact: Jiaweibellapeng@163.com

View original content:https://www.prnewswire.com/news-releases/beijing-review-walking-through-time-china-and-us-youths-explore-dalis-past-and-future-302834587.html

SOURCE Beijing Review

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