Slash Your Bills by Understanding Plastic Packaging Expenses

Financial Implications

The financial burden of plastic packaging is twofold: direct costs, such as purchasing packaging materials, and indirect costs, like waste management and environmental cleanup. Businesses, in particular, face significant expenses related to the disposal and recycling of plastic waste. According to a study by the Ellen MacArthur Foundation, the global economy loses approximately $80 to $120 billion annually due to plastic packaging waste¹. By reducing reliance on plastic packaging, companies can cut down on these costs and improve their bottom line.