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- Plastic takes over 1000 years to decompose
- Microplastic pollution has reached every corner of the globe
- McKinsey estimates that achieving 20-30% of recycled content in plastic packaging by 2030 globally could cost ~$100 billion
- Extended Producer Responsibility (EPR) regulations are getting stronger
- The global sustainable packaging market size is expected to cross ~$430 billion by 2030 from ~$293 billion in 2024 (Towards Packaging, a sister firm of Precedence Research)