Q4 2022
October 20, 2022
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Sustainable startups take on plastic packaging
Millions of tons of new plastic packaging are generated each year in the US alone, much of it ending up in landfills or waterways. So, is there a better way?
Sustainable packaging startups say yes. From bioplastics and seaweed to mycelium and fibers, novel materials and circular economy models are emerging to offer sustainable alternatives to harmful single-use packaging. Meanwhile, VC investment in sustainable packaging providers has grown steadily over the past decade, peaking at $834 million across 87 deals in 2021.
Our latest analyst note unwraps the future of sustainable packaging, delving into VC activity in the sector and exploring why further regulatory action will likely be necessary to reduce plastic consumption.
Key takeaways | 1 |
Overview | 2 |
Sustainable packaging VC ecosystem | 3 |
The costs of plastic | 4 |
The benefits of plastic | 6 |
Market size | 6 |
Sustainable packaging | 7 |
VC funding | 9 |
Regulations and corporate commitments | 17 |