Dairy processors’ sustainability goals require many aspects, as are discussed throughout this issue. One important stop on the path to climate and carbon neutrality is sustainable packaging.
The data backs up this claim. Future Market Insights (FMI) looks specifically at global cardboard trays, made from recyclable plant fiber that use no plastic in their manufacturing. According to FMI, the market for cardboard trays — just one piece of the sustainable packaging puzzle — is expected to accumulate a market value of $5.5 billion this year. Within the next 10 years, the market is expected to ascend at a 5.4% compound annual growth rate (CAGR), reaching $9.2 billion in 2033.