NOVEMBER 2024ENVIRONMENTAL BUSINESS REVIEW6 Canada's sustainable packaging solution providers are gaining momentum, focusing on reducing environmental impact through innovative and recyclable solutions. Companies are prioritizing biodegradable materials and eco-friendly designs to reduce waste and make responsible choices accessible to Canadian consumers. According to reports, the global sustainable packaging market, valued at $310.00 billion in 2022, is expected to reach $518.33 billion by 2030, growing at a CAGR of 6.70 percent. Several key drivers are fueling this growth. Smart packaging integrates advanced technology into traditional packaging to enhance product safety, tracking and user interaction. With the advantages of the internet of things and radio frequency identification, these solutions improve product freshness, provide consumer insights and emphasize sustainability through biodegradable and recyclable materials. Compostable and biodegradable packaging materials, sourced from cornstarch, sugarcane and algae, break down naturally without harmful byproducts. This process supports waste reduction and sustainability, offering eco-friendly alternatives to traditional plastics, especially in single-use products like straws and silverware.The use of vegan adhesives and inks in packaging promotes sustainability by avoiding animal-derived materials and animal testing. This trend emphasizes a holistic approach to eco-friendly packaging, appealing to environmentally conscious consumers while enhancing the overall production process.This edition of Environmental Business Review Canada presents the latest developments in the sustainable packaging industry. It brings insights from Julia Lodi, Procurement Specialist at Nature's Path, who highlights the need to balance innovation with practicality in sustainable packaging, improved infrastructure and clear communication to strengthen industry-wide sustainability efforts.Mark Ushpol, Executive Vice President of Food and Consumer Packaging at Ahlstrom, highlights the importance of transitioning to fiber-based packaging solutions that prioritize sustainability beyond initial goals, encouraging brand owners to seek eco-friendly purposes in their products.We hope this edition, featuring Top Sustainable Packaging Solutions Providers in Canada in 2024, helps you make informed decisions that contribute to a greener future and drive meaningful change in your packaging practices.Let us know your thoughts!Redefining Packaging with Eco-Friendly ConsciousnessEditor's NoteManaging EditorIsabelle HamiltonEditorial StaffAaron PierceAva Garcia Philo VazRussell ThomasVisualizerHenry SmithCopyright © 2024 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof. ENVIRONMENTAL BUSINESS REVIEWNOVEMBER - 11 - 2024, Volume 03, Issue 21 (ISSN 2835-9526)Published by ValleyMedia, Inc. To subscribe to Environmental business reviewVisit www.environmentalbusinessreview.com Disclaimer: *Some of the Insights are based on our interviews with CIOs and CXOs to our editorial staff Isabelle HamiltonManaging Editoreditor@environmentalbusinessreview.comEmail:sales@environmentalbusinessreview.comeditor@environmentalbusinessreview.commarketing@environmentalbusinessreview.comTom Hanks
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