Factors such as the expanding demand for recyclable and biodegradable packaging and the growing demand for ready-to-eat and packaged food will drive the market growth.

New goal complements other previously announced sustainable product and packaging goals, including to achieve 100% recycled, recyclable, or bio-based plastic materials in products and packaging by 2030.

The Recycling Supply Tracker - Chemical from ICIS is said to offer FMCGs, chemical producers, large converters and retailers a comprehensive view of the chemical recycling market.

If we stopped wasting food on a global scale, we could reduce greenhouse gas emissions by 8%. Reducing food waste, improving expiration dates and participating in food sharing programs are all necessary parts of the solution. 

The rules also cover the use of clear and accurate on-pack recycling instructions, which will help consumers to ensure that packaging is sorted for the appropriate end-of-life solution. 

The guidance is aimed at ensuring recycled plastic packaging meets and exceeds U.S. regulatory compliance.

Enval plans to use the project as a stepping-stone for establishing recycling plants in the United States.

Pouches accounted for the largest market share in the flexible plastic packaging market.