UK Plastics Pact urges inclusion of public/private partnerships
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Leaders of global industry, NGOs and UN delegates have united in calling for a global policy framework that would address all stages of the plastic lifecycle.
The packaging volume in the global household products industry was 199 billion units in 2022, and is expected to grow at a CAGR of >3% by 2027, per GlobalData estimates. Flexible packaging was the most used pack material in 2022 accounting for a share of 68.6%, followed by rigid plastics. Flexible packaging offers ease of use and storage, allowing customers to access and store household and pet care products conveniently. The lightweight nature of flexible packaging reduces transportation costs and increases efficiency throughout the supply chain.
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