In today's world, the demand for sustainable products and packaging is on the rise. With consumers becoming increasingly aware of environmental issues and legislation pushing for change, businesses are seeking solutions to meet these demands. The European Union's framework promoting the circular economy sets a target for all packaging to be recyclable, reusable, or compostable by 2030. This blog post explores the concept of sustainable packaging and discusses the trends in 2023. Furthermore, we will delve into how Grenke, with its leasing services, can assist businesses in meeting these demands for sustainable packaging.
Understanding Sustainable Packaging:
Sustainable packaging goes beyond just the materials used. It considers the entire life cycle of packaging and aims to reduce its environmental impact. Three guiding principles for sustainable packaging include:
Material: Opting for eco-friendly and sustainable solutions that use 100% recycled resources.
Production Process: Minimizing the production process, supply chain, and reducing the carbon footprint where possible.
Reusability: Establishing a sustainable and renewable circular flow around packaging to extend its lifespan and maximize usage.
Sustainable Packaging Solutions & Trends in 2023:
Recyclable Packaging: With only 9% of plastic globally being recycled, the use of recyclable materials such as paper and cardboard is gaining momentum. Grenke's leasing services can assist businesses in obtaining packaging equipment that supports the use of recyclable materials, aligning with consumer demands for sustainability.
Reusable Packaging: Reuse requires more rigid materials that can withstand cleaning and sterilization. Grenke can provide leasing options for packaging machinery and equipment that enable businesses to implement reusable packaging systems to create sustainable packaging materials. This allows for a modernized version of the 'milkman' model, where packaging is collected, washed, refilled, and delivered to customers again, reducing waste.
Bioplastics: Bioplastics are becoming more commonly used as alternatives to fossil-fuel-based plastics. However, it's essential to understand their true environmental impact. Grenke can help businesses evaluate the sustainability of bioplastics and provide leasing services for equipment that supports their use.
Eco-Friendly Inks: Ink used in packaging can also have environmental implications. Grenke's leasing services can assist businesses in accessing printing equipment that uses eco-friendly inks, such as water-based or soy/vegetable-based inks. These options emit fewer volatile organic compounds (VOCs) and reduce harm to the environment.
Plant-Based Packaging: Plant-based packaging is set to be a significant trend in 2023. The use of materials like cornstarch, sugarcane, and bamboo allows for the creation of eco-friendly packaging that is biodegradable and compostable. Resource Label predicts that plant-based packaging will experience a compound annual growth rate (CAGR) of 8.8% between 2021 and 2028. This type of packaging is particularly popular in the food and beverage industry, especially in restaurants and carry-out places. As more businesses seek to replace Styrofoam take-out containers, Grenke can provide leasing services for the necessary equipment to transition to plant-based sustainable food packaging solutions.
With consumer awareness and environmental legislation driving the demand for sustainable packaging, Irish businesses must adapt to stay ahead. Grenke's equipment leasing services offer a solution by providing access to packaging equipment and machinery that supports sustainable packaging practices. From recyclable and reusable packaging to bioplastics and plant-based alternatives, Grenke assists businesses in meeting the demands for sustainable packaging in 2023 and beyond with equiment leasing and finance solutions.
By embracing these trends and incorporating eco-friendly packaging solutions, businesses not only satisfy consumer expectations but also contribute to a greener and more sustainable future.
Talk to GRENKE today!
As one of the leading financial service providers in the Irish market, GRENKE’s slogan is ‘Fast, Forward, Finance’. GRENKE offers entrepreneurs fast and flexible financial solutions through a range of leasing services. We match the perfect financial solution to your unique business needs, from small businesses to large enterprises.
Over the last 40 years, GRENKE has provided leasing to numerous styles of businesses and organisations; sole traders, partnerships, public and private limited companies, associations and organisations, medical, health, and educational providers, public hospitals, semi-state institutions, Government bodies and so much more.
Our expertise and strong market position are no coincidence. If you are a business owner looking for financial solutions in Ireland or advice on fast and flexible financing, click here to talk to a GRENKE Account Manager today.