Daily Newsletter

14 December 2023

Daily Newsletter

14 December 2023

After COP 28: a glimpse into the future for the packaging industry

As the 2023 UN Climate Change Conference concludes, how will it shape the future for packaging enterprises?

Mohamed Dabo December 14 2023

The recently concluded United Nations Climate Change Conference, COP 28, held in Dubai, UAE, showcased a heightened focus on the role of non-Party stakeholders, including businesses and investors, in the global climate action agenda.

As leaders from around the world gathered to address the pressing issues of climate change, the packaging sector emerged as a key player in the efforts to achieve the goals of the Paris Agreement.

Building on the progress made at COP 27, non-Party stakeholders actively participated in global climate action throughout 2023, as highlighted in the Yearbook of Global Climate Action 2023.

 At COP 28, the High-Level Champions and the Marrakech Partnership played a pivotal role, organising over 40 events dedicated to showcasing collective momentum across diverse sectors.

These events, including Action Events, Implementation Labs, and High-Level Champion Special Events, emphasised the urgency of addressing climate issues and discussed crucial matters to drive global ambition and action.

Packaging initiatives and commitments: a game-changer

One sector that drew significant attention during COP 28 was packaging.

Announcements, commitments, and declarations made during the conference underscored the packaging industry's determination to contribute to global climate goals.

As part of the cooperative climate initiatives launched at COP 28, the packaging sector demonstrated its commitment to sustainability and environmental responsibility.

These initiatives are crucial steps toward accelerating the multilateral process outlined in the Paris Agreement.

The UNFCCC secretariat, in collaboration with the COP 28 Presidency and the High-Level Champions, has released a summary report detailing key outcomes from the Global Climate Action Agenda.

Packaging professionals should pay close attention to this report, as it highlights the industry's potential impact on achieving the goals set forth in the Paris Agreement.

Tracking progress for a sustainable future

The executive secretary of the UNFCCC emphasised the importance of tracking announcements and initiatives made during COP 28. For the packaging sector, this means staying informed about developments that can influence industry practices and standards.

The sector's active participation in global climate action aligns with the broader efforts to combat climate change, contributing to the first Global Stocktake concluded at COP 28.

In the end, COP 28 positioned the packaging sector as a key player in the global fight against climate change. The industry's initiatives, commitments, and declarations signal a shift towards more sustainable and environmentally friendly practices.

As the world continues its journey towards a more sustainable future, the packaging sector's active engagement in global climate action is a testament to its commitment to making a positive impact on the planet.

Non-Alcoholic Beverages Packaging Industry Dynamics

In 2022, the soft drinks sector held the largest non-alcoholic beverages packaging market share, while the hot drinks sector is forecasted to register the fastest growth during 2022–27. Rigid plastics are usually a preferred choice in the non-alcoholic beverages industry because of their portability, convenience, and lightweight nature that facilitate on-the-go consumption.

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