The packaging industry faces a pivotal transformation in sustainability strategies, moving beyond traditional efforts toward a more integrated approach that includes Environmental, Social, and Governance (ESG) and Extended Producer Responsibility (EPR) efforts. These changes are necessitated by evolving regulatory landscapes and consumer demands for greater accountability and environmental stewardship.
Traditionally, sustainability in the packaging market has centered around reducing source materials, enhancing recyclability, and diminishing carbon footprints. However, the need for a broader strategy is becoming clear. According to insights detailed in the Sustainability and Technology – The Future of Packaging and Processing white paper, produced by PMMI, The Association for Packaging and Processing Technologies, consumer packaged goods (CPG) companies and other stakeholders must integrate comprehensive ESG strategies into their corporate policies and prepare for EPR regulations, which hold producers accountable for the lifecycle of their packaging materials.
While established in many countries, EPR programs are relatively nascent in the United States, with only a handful of states having enacted relevant legislation as of early 2023. These regulations require manufacturers to fund the recycling and disposal of packaging, prompting a significant shift in how businesses approach packaging sustainability.
Despite the looming changes, approximately two-thirds of surveyed companies admit they are unprepared for the impact of EPR legislation. Those evaluating its implications are primarily focused on its effects on efficiency and operational costs. There is a pressing need for these companies also to consider compliance strategies and the potential benefits of EPR, such as enhanced collaboration with industry partners and improved sustainability profiles.
Companies with established ESG programs are already witnessing substantial benefits, including significant reductions in waste, enhanced energy efficiency, and improved overall profitability. Effective ESG strategies often involve adopting new technologies that support sustainable packaging, utilizing renewable energy sources, and minimizing logistics-related emissions.
Successfully implementing EPR will require more than just internal adjustments; it will necessitate widespread consumer education and industry-wide collaboration. Educating consumers about the importance of sustainable packaging and ensuring they understand how to properly dispose of materials are crucial steps. Additionally, industry collaboration will be vital to standardize practices and avoid a patchwork of varying regional regulations.
Events like PACK EXPO International 2024 (Nov. 3–6; McCormick Place, Chicago) offer vital platforms for industry professionals to explore the latest sustainable technologies and strategies. Making its PACK EXPO International debut, Sustainability Central (located in West Hall at Booth W-21020) will take an expansive look into packaging sustainability and what it means to brands, including expert speakers, and a look at actionable sustainable solutions in manufacturing, materials, recovery, logistics, analytics, and design. Attendees will hear from industry experts on a range of packaging sustainability topics and learn how to make their brands more sustainable.
PACK EXPO International is a hub for education and thought leadership. Industry experts share timely knowledge on the latest topics and trends in packaging and processing. With more than 150 educational sessions on the show floor, the show is designed to enhance professional development.
As the regulatory and consumer landscapes evolve, CPG companies and their partners must adapt by deepening their commitment to sustainable practices. By focusing on comprehensive ESG strategies and preparing for EPR requirements, these sectors can comply with upcoming regulations and lead the way in sustainable business practices. As they do, industry events such as PACK EXPO International will be crucial in disseminating best practices and fostering a more sustainable future.
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Dive into the innovation epicenter and discover answers to your packaging and processing challenges at PACK EXPO International 2024. The most expansive and all-encompassing packaging and processing industry event in 2024, PACK EXPO International, will feature 2,500 exhibitors offering solutions to many of today’s biggest manufacturing needs from an intersection of industries to 40-plus vertical markets. More than 45,000 attendees from consumer-packaged goods and life sciences companies worldwide will converge, searching for innovation, connection, and insight. For more details and to register, go to packexpointernational.com.