Beyond Plastic: The Growth of the Zero Waste Packaging Market
The global zero waste packaging market size is expected to reach USD 502.6 billion by 2030, expanding at a CAGR of 9.6% from 2023 to 2030, according to a new report by Grand View Research, Inc. The increasing awareness about sustainable packaging products across industries, developing infrastructure for waste management, and sensible disposal practices across developed and some developing countries are driving the market. The rising incidences of various types of pollution from packaging waste disposal are driving the demand for zero waste packaging. For instance, air pollution caused by hazardous and biodegradable waste causes diseases, especially in the nearby residing population. Soil pollution caused by littered plastic, glass, and metal particles, which take years to degrade into the soil, leads to soil erosion, thus negatively affecting crop yields and forest areas. Furthermore, disposed of plastic and industrial residues including chemicals are...