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A brand new study1 with board administrators and senior executives who work for vogue manufacturers and retailers within the UK, U.S. and Australia, by Aquapak Polymers Ltd, which makes a speciality of polymer-based materials applied sciences that may ship each efficiency and environmental duty at scale, reveals 12% anticipate their enterprise to be totally round inside one to 2 years, 34% inside two to 3 years and 31% inside three to 4 years. One fifth anticipate to achieve this aim in 4 to 5 years.
Virtually one third (32%) rated their technique for making their enterprise totally round as wonderful, over half (54%) stated it was good and 14% described it as common, suggesting there’s room for enchancment. In relation to sustainability management, over half (54%) described their enterprise as a market chief and innovator, 39% stated that their enterprise was common and ‘following the leaders’ and seven% describe their enterprise as a laggard and ‘taking part in catchup’.
The findings additionally present that whereas 49% stated sustainability is thought to be extremely necessary to the success of their enterprise, simply 21% described the standard of effectiveness of their sustainability technique and programme as wonderful. Over one third (37%) stated that decreasing the usage of polyethylene plastic in packaging is a extremely necessary a part of their sustainability technique, and an additional 63% stated it was fairly necessary.
To assist cut back plastic packaging air pollution Aquapak has developed Hydropol™, a singular new polymer which is soluble and non-toxic to marine life. Hydropol™can be utilized as an alternative choice to typical plastic in all kinds of functions because it offers the identical performance and efficiency however with out the related environmental issues. It’s presently used to make merchandise corresponding to garment baggage, providing all the mandatory options of conventional polybags: energy and puncture resistance; readability of movie; and safety from leakages and filth.
Crucially, Hydropol garment baggage current zero end-of-life points for customers and types. They are often disposed of in present home waste streams with out contaminating different recyclable merchandise or they are often dissolved instantly in sizzling water at dwelling with out producing harmful micro-plastics. They’re additionally compostable, and degrade harmlessly on land or within the ocean.
Mark Lapping, CEO of Aquapak, feedback: “Our research exhibits that the round financial system and sustainability are priorities for boards and senior executives within the vogue business, though solely half assume that their enterprise is on the vanguard of change in the case of innovation and market-leadership. There was an acceleration in new applied sciences within the sector, so the chance for manufacturers to step up and lead the business is there for the taking.
“Aquapak is already working with a number of early-adopter vogue firms who’re decided to drive a major change within the business by embracing upstream innovation in packaging. These companies are proof that new supplies work and might make the distinction that buyers at the moment are demanding to see from vogue manufacturers.”
For extra data, go to www.aquapakpolymers.com.1 Analysis carried out by PureProfile with 100 board and senior executives, together with CEOs, Retail Administrators, Chief Working Officers, Sustainability Administrators and Finance Administrators, within the UK, US and Australia in November 2023.
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