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Study of the Day: Two out of ten companies have a strategy to apply circular economy principles to their own packaging

Summary: Circular Economy in the Romanian Packaging Industry

Key Findings:

  • Over half (54.2%) of Romanian companies have a strategy for applying circular economy principles to their packaging.

  • 35.3% of companies are adopting circular practices in response to legal requirements.

  • 27.7% of companies have not yet integrated circularity principles into their operations.

  • The top three priorities for companies are: increasing collection and recycling efforts, reducing waste generation, and reducing packaging.

  • Only 37.5% of companies have relevant circular economy programs in place.

  • The most common waste reduction measures are reducing plastic and cardboard use and using waste for energy production.

  • Romania's circularity rate was 1.4% in 2022, compared to the EU average of 11.5%.

Key Takeaways:

  • The transition to a circular economy is underway in the Romanian packaging industry, but there is still significant room for improvement.

  • Companies are motivated by both environmental and economic benefits to adopt circular practices.

  • There is a need for more widespread and cohesive action to accelerate the transition to a circular economy in Romania.

Trends:

  • Growing awareness of the importance of sustainability and the circular economy.

  • Increasing demand for sustainable packaging solutions.

  • Regulatory changes driving the adoption of circular practices.

Conclusions:

  • The Romanian packaging industry has the potential to make a significant contribution to the circular economy.

  • Companies that embrace circularity will be well-positioned for long-term success.

  • Government and industry collaboration is essential to create a supportive environment for the circular economy.

Implications for Brands:

  • Develop and implement circular economy strategies for packaging.

  • Communicate sustainability initiatives to consumers.

  • Partner with suppliers and customers to create circular supply chains.

  • Invest in research and development of innovative packaging solutions.

Additional Notes:

  • The study was conducted by Stratos and Eco Synergy, in partnership with ARAM and MEDNET Marketing Research Center.

  • The study involved a survey of 120 companies from various industries.

  • The findings of the study are consistent with other research on the circular economy in the packaging industry.

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