The single-use plastic packaging market will grow from USD 4.85 billion in 2025 to USD 8.13 billion by 2034, with a yearly growth rate of 5.90%. The demand for affordable, strong, and hygienic packaging is driving this growth. Ongoing innovations to meet changing consumer needs are also boosting the market. With major players and investors active in the region, Asia Pacific leads the single-use plastic packaging industry.
Professor Linda Godfrey, CSIR principal researcher, expressed, “Skubu is a great demonstration initiative to show how circular economy principles can be implemented through collaboration. The intention is to focus on the national system of innovation, which looks at how a country creates and applies new ideas to improve technology and grow its economy. This includes bringing universities and science councils closer to the private sector to help de-risk and scale circular interventions.”
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