Global Sustainable Packaging Market to Reach Nearly $143B by 2015 Posted By Environmental Leader On August 12, 2010 (8:31 am) In Feature, Global, Major Players, Paper &amp; Packaging, Partnerships, Research &amp; Technology, Supply Chain, Sustainability The global market for sustainable packaging is projected to reach $142.42 billion by 2015, according to a report from Global Industry Analysts (GIA). Growth drivers include increased awareness about environmental hazards related to disposal and recycling of packaging wastes, government initiatives to minimize greenhouse gas (GHG) emissions, and stringent regulations. Electronics: THE 2006 REPORT- PUBLISHED IN PARTNERSHIP WITH RESOURCE RECYCLING - PROVIDES A WEALTH OF INFORMATION & DATA ABOUT ELECTRONICS RECYCLING AND IS THE MOST COMPREHENSIVE SOURCE OF INFORMATION ON THE INDUSTRY AVAILABLE. (International Association of electronics Recyclers) Unlike other segments of the packaging industry, sustainable packaging showed impressive growth from 2008 to 2009, and has been immune to the economic downturn, according to the report. GIA says sustainability has helped companies cut costs and reduce packaging waste by using recycled and reusable materials. Similarly, a recent report from Pike Research indicates that the sustainable packaging market is growing much faster than the overall packaging industry, and is expected to double in size from $88 million in 2009 to $170 billion in 2014. The GIA report, &quot;Sustainable (Green) Packaging: A Global Strategic Business Report,&quot; finds that Europe and the U.S. represent the largest regions for sustainable packaging, together accounting for more than 70 percent of the global market. However, Asia-Pacific is poised to grow the fastest in terms of green packaging, increasing at an annual compound annual growth rate (CAGR) of more than 10 percent from 2007 to 2015. Market growth drivers for the region include increased awareness about environmental concerns, government initiatives, growing economies, and huge population.
9 Economic and Financial benefits of product stewardship
<ul><li>What are the economic and financial benefits of product stewardship? </li></ul><ul><li>Contents: </li></ul><ul><li>These slides provide more information about some of economic reasons to pursue product stewardship including direct cost savings, job creation and creating new markets. </li></ul>
The cyclical system created by product stewardship creates jobs and saves taxpayer money.
By closing the loop to reuse materials we create local jobs to collect, sort, refurbish and recycle materials. Recycling creates more than 10 times ,… .. the number of jobs created by disposing of goods in a landfill
Greening the way we do business can create opportunities for business innovation <ul><li>the sustainable packaging industry is set to become a $143 billion dollar industry by 2015 (globally) </li></ul><ul><li>the electronics recycling industry was over $1.5 billion dollar industry in the U.S. 2005 and is growing rapidly </li></ul>
Why are we concerned about government saving money? Nebraska spent an estimated $2 million tax dollars last year managing household hazardous waste
In Nebraska in 2009, we collected approximately: Paint 469,694 lbs Oil 166,331 lbs Electronics 62,050 lbs Other HHW 512,787 lbs Total 1,210,862 lbs
We spent an estimated $850,000 on collection events and permanent facilities during the year just in 11 Nebraska communities … but the total state-wide costs are estimated to reach $2 million!
Potential Financial Benefits for Nebraska <ul><li>Electronics $3.7 million </li></ul><ul><li>Paint $3.5 million </li></ul><ul><li>Pesticides $2.2 million </li></ul><ul><li>Batteries (primary) $1.4 million </li></ul><ul><li>Batteries (secondary) $428,000 </li></ul><ul><li>Medical sharps (home) $1.1 million </li></ul><ul><li>Fluorescent lamps (household) $500,000 </li></ul><ul><li>Phone books $232,000 </li></ul><ul><li>Thermostats (mercury) $267,000 </li></ul><ul><li>Total Maximum Benefits for Nebraska $13.5 million/yr </li></ul>
EPR shifts the costs and responsibility off of government, even if government keeps actually doing the collections.
Actual Cost Savings from E-Waste Laws <ul><li>Hennepin County, MN </li></ul><ul><li>(pop 1.1 million) </li></ul><ul><li>Saved approximately $680,000 in the first program year . </li></ul><ul><li>St. Louis County, MN </li></ul><ul><li>(pop 200,000) </li></ul><ul><li>Saved approximately $90,000 during the first program year. </li></ul>In May 2007, Minnesota became the 4 th state to require EPR for e‐waste