A recent study and several news articles surrounding it are reporting some interesting news for our industry. The report, done by Smithers Pira, reports that by 2018, the sustainable packaging market will reach $244 billion.
Yep, that’s billion with a ‘B.’ This is mainly because we’re now living in an environment were multiple forces are pushing for more sustainable packaging. The main reasons listed in the study are below:
So what does this mean for fulfillment centers around the country?
Well, it’s clear that pressures to use more sustainable forms of packaging are coming not just from your customers, but also from multiple sources inside and outside your company.
You’ve probably heard of the Technology Adoption Lifecycle (also known as the adoption curve) before. But in case you haven’t, here’s a quick summary: the response to new technology follows a normal curve where the more risk-oriented innovators adopts the new technology first, followed by other early adopters. The new technology then becomes accepted by the majority of the population, and then is eventually adopted by the laggards. Currently, sustainable packaging is still in its early stages, but it is growing increasingly clear that it is not going away anytime soon. Those who adopt this new technology are commonly seen as thought leaders in their industry (just check out the reception to Staple’s adoption of On Demand Packaging®). The companies that haven’t started looking for ways to use On Demand Packaging or other forms of sustainable packaging now have three choices:
This train is moving now, whether you’re on it or not. It’s your choice whether to jump on or be left in the station.
If you would like to learn more about Packsize and On Demand Packaging®, please fill in the Request for Information form on the right hand side.