Conventional Plastic Packaging Remains a Top Seller
Did you know that conventional packaging is still our best selling quality option when it comes to poly bags and retail shopping bags? Putting this into perspective, data from Precedence Research on globalnewswire.com states: "The global virgin plastic packaging market size is calculated at USD 158.28 billion in 2024 and is expected to reach around USD 322.50 billion by 2032, growing at a notable CAGR of 9.91% from 2024 to 2032."
While eco-friendly packaging options have gained popularity in recent years, this industry data shows that conventional plastic poly bags and retail shopping bags continue to be a top selling quality for many businesses. Consumers often cite factors like cost, durability, and familiarity as key reasons for continuing to choose traditional plastic packaging over eco-friendly options.
The Enduring Popularity of Conventional Plastic Packaging
According to a report by Precedence Research, the global virgin plastic packaging market is expected to reach around USD 322.50 billion by 2032, growing at a CAGR of 9.91% from 2024 to 2032. This data underscores the continued demand for conventional plastic packaging solutions.
Additionally from the same Precedence Research report cited above, Toray Plastics (America), Inc. recently revealed its adoption of ExxonMobil's Exxtend™ technology for enhanced recycling processes, allowing the company to provide customers with polypropylene film made from certified-circular resins. This strategic move signifies a step forward for the packaging industry towards achieving a circular plastic economy.
Making Conventional Packaging More Sustainable
While conventional plastic packaging remains popular, many businesses are finding ways to make it more environmentally friendly. Strategies include:
- Encouraging customers to reuse and recycle their poly bags and shopping bags
- Partnering with recycling programs to make it easier for consumers to dispose of plastic packaging responsibly
Conclusion
Conventional plastic poly bags and retail shopping bags continue to be a top selling quality that customers choose for apparel packaging, even as eco-friendly packaging gains traction. By adopting sustainable practices and educating customers, companies can help make conventional packaging a more environmentally-conscious choice.
If you'd like more information on how conventional packaging may be a budget friendly option for your business, click here to contact us today.
Precedence Research. "Virgin Plastic Packaging Market Size Expected to Reach USD 322.50 Bn by 2032." GlobeNewswire, 23 Apr. 2024, www.globenewswire.com/news-release/2024/04/23/2867903/0/en/Virgin-Plastic-Packaging-Market-Size-Expected-to-Reach-USD-322-50-Bn-by-2032.html.
