As recycled polyethylene terephthalate (rPET) containers can drastically lower carbon emissions and help promote a circular economy, the consumer demand for recyclable packaging is on the rise, forcing more Australian beverage manufacturers to switch from PET to rPET bottles, says GlobalData, a leading data and analytics company.
Suneera Joseph, Consumer Analyst at GlobalData, comments: “Australia has set ambitious targets to build a circular economy. The National Packaging Targets envisages 100% of packaging produced in Australia to be reusable, recyclable, or compostable by 2025. PET bottles are one of the major contributors to single-use plastic waste in Australia, as it accounted for 86.9% of rigid plastics unit volumes in 2021*.”
To meet the packaging targets, beverage producers are in a race to adopt rPET bottles and make their packaging portfolio more eco-friendly. Major soft drinks producers such as Coca-Cola, Pepsi, and Asahi have already adopted 100% rPET bottles for their popular brands.
Packaging manufacturers are also developing new bottle designs to support the transition to rPET. For instance, the KHS Group launched Loop LITE, a fully recyclable, lightweight, 100% rPET bottle with an inner glass lining and a tethered cap.
Joseph adds: “Beverage makers are incentivized by the growing consumer interest in sustainable packaging. Recyclability has become a key factor that Australians are actively looking for when making product purchases.”
In GlobalData’s Q3 2022 survey**, 74% of Australian respondents said that recyclable packaging claims were a nice-to-have factor or essential/key driver of their product purchases, compared to 68% in Q2 2022***.
Joseph concludes: “This indicates opportunities for beverage brands to build consumer loyalty through eco-friendly product packaging.”
*GlobalData Packaging Intelligence Center—Market Analyzers, accessed in September 2022
**GlobalData Q3 2022 Consumer Survey—Australia, with 567 respondents, published in September 2022
***GlobalData Q2 2022 Consumer Survey—Australia, with 503 respondents, published in June 2022
Scrap metal Prices | ||||
---|---|---|---|---|
NORTH AMERICA | INDIA | CHINA | EUROPE | |
Lead-Solid Lead | $0.70 | 0 | ||
Lead Wheel Weights | $0.24 | 0 | ||
Scrap Auto Batteries | $0.22 | 0 | ||
Aluminum Radiators | $0.36 | 0 | ||
MLC Clips | $0.74 | 0 | ||
UBC | $0.72 | 0 | ||
356 Aluminum Wheels (Clean) | $0.73 | 0 |
Plastic Keychain Magnet
Keychain Magnets as gift items to promote your Scrap Metal Recycling business!. Letters and numbers can be imprinted. Available Colors: Red, Blue and Green
$2.59
Scrap Metal Test Magnet 10 lb N52 Neodymium Rare Earth
Retrieval and Metal Testing Magnet. Contains The Most Powerful Grade of Neodymium Rare Earth Magnet (N52). Case Material: Aluminum
$9.99