Plastic waste growth till 2024 OECD Statista

In just two decades, the global annual production of plastic waste has increased from 180 million metric tons to nearly 400 million metric tons, according to the OECD’s Global Plastics Outlook report. Meanwhile, plastic waste is expected to nearly triple worldwide by 2060, with half of all waste expected to be in landfill while less than one-fifth of it will be recycled.

In recent years, growing awareness around the extent and dangers of plastic pollution has paved the way for greater policy intervention. As Euronews reported last year, more than 100 countries have already either fully or partially banned single-use plastic bags. At the same time, many are also banning other types of disposable items, such as cutlery and drinks mixing sticks.

Given that packaging accounts for almost 40% of the total weight of plastic waste generated worldwide, its reduction and recycling is a priority in the fight against plastic pollution. In a 2022 Ipsos survey of more than 23,000 respondents, 70% of people surveyed in 34 countries around the world agreed that there should be international standards banning single-use plastics.

Editors note – India banned a list of single use plastics and plastic cutlery including plastic drinking straws, more than two years ago, from 1 July 2022.

Written by María Florencia Melo and translated by Anna Fleck Source Statista

Packaging South Asia — resilient, growing and impactful — daily, monthly — always responsive

The multi-channel B2B in print and digital 17-year-old platform matches the industry’s growth trajectory. The Indian, South Asian, Southeast Asian, and Middle East packaging industries are looking beyond the resilience of the past three years. They are resuming capacity expansion and diversification, with high technology and automation in new plants and projects.

As we present our 2024 publishing plan, India’s real GDP growth for the financial year ending 31 March 2024 will exceed 6%. The packaging industry growth will match the GDP growth in volume terms and surpass it by at least 3% in terms of nominal growth allowing for price inflation in energy, raw materials, consumables, and capital equipment.

The capacity for flexible film manufacturing in India increased by 45% over the past four years. With orders in place, we expect another 20% capacity addition in 2024 and 2025. Capacities in monocartons, corrugation, aseptic liquid packaging, and labels are growing similarly. As the consumption story returns over the next six months, we expect demand to return and exceed the growth trajectory of previous years. The numbers are positive for most of the economies in the region – and as shown by our analytics, our platform increasingly reaches and influences these.

For responsible and sustainable packaging, with its attendant regulations and compliances, there is significant headroom to grow in India and the region. Our coverage includes the entire packaging supply chain – from concept to shelf and to waste collection, sorting, and recycling.

We target brand owners, product managers, raw material suppliers, packaging designers and converters, and recyclers. This is a large and complex canvas – the only thing that can work is your agile thinking and innovation together with our continuous learning and persistence.

The coming year looks to be an up year in this region, and this is the right time to plan your participation and marketing communication – in our rich and highly targeted business platform with human resources on the ground. Share your thoughts and plans to inspire and mobilize our editorial and advertising teams!

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– Naresh Khanna (25 October 2023)

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