The post F&B Packaging May Cause More Ocean Plastic Than Fish By 2050 appeared on BitcoinEthereumNews.com. Food & Beverage companies are facing challenges meeting their recycled packaging commitments. getty In “The Graduate,” Benjamin Braddock, back from school, is told the secret of the future in one word. “Plastics.” At the time the 1967 movie was made, plastic truly seemed like the shape of the future and the solution to so many problems. Today, many F&B companies think this widely used solution has turned into a problem. According to the World Economic Forum, there will be more plastic in the ocean than fish by 2050. Amid a tidal wave of plastic blanketing the world, many F&B companies are not only seeking ways to reduce the amount of new plastic used in packaging but reducing their goals as well. Walmart recently said it doesn’t expect it will reach its recycled content goals this year. “Increased demand has led to a global shortage of recycled materials,” according to Walmart’s latest ESG report, which said this shortage is making it difficult to source “quantities and at price points that support our packaging goals and everyday low prices.” The company said, “without a breakthrough in the cost and availability of recycled content,” it doesn’t anticipate reaching its goal of 100% recyclable, reusable, or industrially compostable private label product packaging by the end of this year. At the end of last year, they had reached a little more than 60% of that goal. Shortfalls and Shifting Timelines In May, Walmart, along with Nestlé, Mars, and Mondelēz, left the U.S. Plastics Pact, in which companies initially agreed to abide by recycled packaging pledges of 100% recyclable, reusable, or compostable packaging and 30% recycled by this year. Even that group has basically pushed back those goals to 2030. Google’s Sustainability Strategy Lead recently called these initial goals “ambitious,” adding that despite progress, there are… The post F&B Packaging May Cause More Ocean Plastic Than Fish By 2050 appeared on BitcoinEthereumNews.com. Food & Beverage companies are facing challenges meeting their recycled packaging commitments. getty In “The Graduate,” Benjamin Braddock, back from school, is told the secret of the future in one word. “Plastics.” At the time the 1967 movie was made, plastic truly seemed like the shape of the future and the solution to so many problems. Today, many F&B companies think this widely used solution has turned into a problem. According to the World Economic Forum, there will be more plastic in the ocean than fish by 2050. Amid a tidal wave of plastic blanketing the world, many F&B companies are not only seeking ways to reduce the amount of new plastic used in packaging but reducing their goals as well. Walmart recently said it doesn’t expect it will reach its recycled content goals this year. “Increased demand has led to a global shortage of recycled materials,” according to Walmart’s latest ESG report, which said this shortage is making it difficult to source “quantities and at price points that support our packaging goals and everyday low prices.” The company said, “without a breakthrough in the cost and availability of recycled content,” it doesn’t anticipate reaching its goal of 100% recyclable, reusable, or industrially compostable private label product packaging by the end of this year. At the end of last year, they had reached a little more than 60% of that goal. Shortfalls and Shifting Timelines In May, Walmart, along with Nestlé, Mars, and Mondelēz, left the U.S. Plastics Pact, in which companies initially agreed to abide by recycled packaging pledges of 100% recyclable, reusable, or compostable packaging and 30% recycled by this year. Even that group has basically pushed back those goals to 2030. Google’s Sustainability Strategy Lead recently called these initial goals “ambitious,” adding that despite progress, there are…

F&B Packaging May Cause More Ocean Plastic Than Fish By 2050

For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

Food & Beverage companies are facing challenges meeting their recycled packaging commitments.

getty

In “The Graduate,” Benjamin Braddock, back from school, is told the secret of the future in one word. “Plastics.” At the time the 1967 movie was made, plastic truly seemed like the shape of the future and the solution to so many problems. Today, many F&B companies think this widely used solution has turned into a problem. According to the World Economic Forum, there will be more plastic in the ocean than fish by 2050.

Amid a tidal wave of plastic blanketing the world, many F&B companies are not only seeking ways to reduce the amount of new plastic used in packaging but reducing their goals as well.

Walmart recently said it doesn’t expect it will reach its recycled content goals this year. “Increased demand has led to a global shortage of recycled materials,” according to Walmart’s latest ESG report, which said this shortage is making it difficult to source “quantities and at price points that support our packaging goals and everyday low prices.”

The company said, “without a breakthrough in the cost and availability of recycled content,” it doesn’t anticipate reaching its goal of 100% recyclable, reusable, or industrially compostable private label product packaging by the end of this year. At the end of last year, they had reached a little more than 60% of that goal.

Shortfalls and Shifting Timelines

In May, Walmart, along with Nestlé, Mars, and Mondelēz, left the U.S. Plastics Pact, in which companies initially agreed to abide by recycled packaging pledges of 100% recyclable, reusable, or compostable packaging and 30% recycled by this year. Even that group has basically pushed back those goals to 2030.

Google’s Sustainability Strategy Lead recently called these initial goals “ambitious,” adding that despite progress, there are “inherent systemic challenges.”

PepsiCo also revised its PepsiCo Positive plan, dropping their specific target for recycled content, while still pushing for recyclable packaging.

Global Regulation Reactions

And regulations are impacting recycled plastic’s use in F&B packaging around the world. Sustainability Magazine said in 2023 India began allowing recycled PET (polyethylene terephthalate) for beverages, later adding food. China doesn’t allow recycled PET packaging for foods, while the FDA helps regulate it in the United States, according to the magazine.

Meanwhile, Coca-Cola said in 2024 that 99% of its consumer packaging was recyclable, up from 90%, and recycled content in its primary packaging rose globally to 28%.

“The collection and recycling of beverage packaging remain challenging, as every state and country has unique systems, infrastructure, regulatory environments and sets of consumer behaviors,” PackagingDive reported Coca-Cola had indicated. “Collective action is needed to support packaging collection infrastructure and policies.”

Corporate Collaboration

Many F&B giants formed their own group, the Extended Producer Responsibility (EPR) Leadership, including Mondelēz, Mars, Nestlé, Coca-Cola, Ikea, Keurig, Dr. Pepper, Kraft Heinz, PepsiCo, and others.

“A circular economy for packaging is built on the principles of resource efficiency and a low-carbon footprint,” according to EPR Leadership. “We start with the reduction of packaging material and reusable packaging wherever possible.”

EPR includes a more proactive role in recycling, as well as affordable access to recycled materials. But the group, at least so far, seems to be largely (if not entirely) staying away from specific percentage targets for recycling.

About 90% of 2025 sustainable packaging goals won’t be met this year, as a green wave turns into a gray wave amid doubt, according to consulting and research firm Gartner.

“We saw quite a few organizations dial back their goals last year and the beginning of this year, and it looks like we’re on that track that most of the goals set for 2025 won’t be delivered by the end of this year,” John Blake, senior director analyst in Gartner’s supply chain practice, told PackagingDive.

Calls for transparency and real change in the F&B industry have intensified in recent years as doubts grow over sustainability claims.

getty

About three quarters of companies with voluntarily sustainable packaging targets will drop goals by 2028 and focus more on legislative guidelines, according to Gartner.

A Problem with Promises

Amid plastic backlash, some organizations are filing lawsuits over sustainable claims. The Earth Island Institute and Plastic Pollution Coalition settled with Danone Waters of America over false advertising regarding Evian branded plastic water bottles’ recyclability and use of recycled plastic.

Danone denied the claims but agreed to set aside funds to reduce plastic packaging or find alternatives for Evian bottles in the United States, according to those groups.

The NLPC said even if Walmart uses materials that are “recyclable,” “the vast majority of such waste ends up incinerated, exported or in landfills.” And it called on Walmart to “re-examine its plastic production and packaging policies.”

Green Century Capital Management’s plastics proposal sought to prompt Walmart to publish a new report on how to increase “its sustainable packaging efforts by reducing plastic packaging” and called for them to remove “misleading recyclability claims.”

“There is broad consensus among Walmart customers and the broader public that excessive packaging or the wrong kind of packaging is problematic,” Walmart wrote in response to these plastics proposals, “leading to poor customer experience, unnecessary cost, potential frustration over management and disposal, and needless waste.”

Sustainable Solutions on the Horizon?

Walmart said its (recycled) rubber really is hitting the road: The company said since 2020 it reduced the annual weight of single-use plastic bags 21% across North America and sought to “right size e-commerce packaging.”

The company said it has been replacing “hard-to-recycle materials with more recyclable materials,” ditching foam for paper-based packaging.

Walmart said at the end of 2023, 81% of private brand plastic packaging was designed for recycling and 68% was recyclable, reusable, or industrially compostable.

Leading brands like Mondelēz, Mars, Nestlé, and Coca-Cola have vowed to take a more proactive role in recycling.

getty

Walmart argues that “recyclable, reusable, or industrially compostable materials do not currently exist to fulfill all necessary uses, particularly with food.”

The company gives suppliers a Sustainable Packaging Playbook and launched its “Finding Actionable Solutions for Trial” program to identify innovations and best practices.

Walmart also provides in-store plastic bag and stretch film collection bins across the United States. So, the debate goes on as to what’s possible and how to do it. These days, the scene with Benjamin Braddock seems to show how perception, as well as the times, can so drastically change. The world needs fish in the ocean — not plastic.

Source: https://www.forbes.com/sites/louisbiscotti/2025/12/01/fb-packaging-may-cause-more-ocean-plastic-than-fish-by-2050/

Market Opportunity
SynFutures Logo
SynFutures Price(F)
$0.005446
$0.005446$0.005446
+0.57%
USD
SynFutures (F) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

American Bitcoin’s $5B Nasdaq Debut Puts Trump-Backed Miner in Crypto Spotlight

American Bitcoin’s $5B Nasdaq Debut Puts Trump-Backed Miner in Crypto Spotlight

The post American Bitcoin’s $5B Nasdaq Debut Puts Trump-Backed Miner in Crypto Spotlight appeared on BitcoinEthereumNews.com. Key Takeaways: American Bitcoin (ABTC) surged nearly 85% on its Nasdaq debut, briefly reaching a $5B valuation. The Trump family, alongside Hut 8 Mining, controls 98% of the newly merged crypto-mining entity. Eric Trump called Bitcoin “modern-day gold,” predicting it could reach $1 million per coin. American Bitcoin, a fast-rising crypto mining firm with strong political and institutional backing, has officially entered Wall Street. After merging with Gryphon Digital Mining, the company made its Nasdaq debut under the ticker ABTC, instantly drawing global attention to both its stock performance and its bold vision for Bitcoin’s future. Read More: Trump-Backed Crypto Firm Eyes Asia for Bold Bitcoin Expansion Nasdaq Debut: An Explosive First Day ABTC’s first day of trading proved as dramatic as expected. Shares surged almost 85% at the open, touching a peak of $14 before settling at lower levels by the close. That initial spike valued the company around $5 billion, positioning it as one of 2025’s most-watched listings. At the last session, ABTC has been trading at $7.28 per share, which is a small positive 2.97% per day. Although the price has decelerated since opening highs, analysts note that the company has been off to a strong start and early investor activity is a hard-to-find feat in a newly-launched crypto mining business. According to market watchers, the listing comes at a time of new momentum in the digital asset markets. With Bitcoin trading above $110,000 this quarter, American Bitcoin’s entry comes at a time when both institutional investors and retail traders are showing heightened interest in exposure to Bitcoin-linked equities. Ownership Structure: Trump Family and Hut 8 at the Helm Its management and ownership set up has increased the visibility of the company. The Trump family and the Canadian mining giant Hut 8 Mining jointly own 98 percent…
Share
BitcoinEthereumNews2025/09/18 01:33
Tether Engages Big Four for First Full Audit – Crypto News Bitcoin News

Tether Engages Big Four for First Full Audit – Crypto News Bitcoin News

The post Tether Engages Big Four for First Full Audit – Crypto News Bitcoin News appeared on BitcoinEthereumNews.com. New Transparency Push for Tether With Major
Share
BitcoinEthereumNews2026/03/25 04:39
Fed Decides On Interest Rates Today—Here’s What To Watch For

Fed Decides On Interest Rates Today—Here’s What To Watch For

The post Fed Decides On Interest Rates Today—Here’s What To Watch For appeared on BitcoinEthereumNews.com. Topline The Federal Reserve on Wednesday will conclude a two-day policymaking meeting and release a decision on whether to lower interest rates—following months of pressure and criticism from President Donald Trump—and potentially signal whether additional cuts are on the way. President Donald Trump has urged the central bank to “CUT INTEREST RATES, NOW, AND BIGGER” than they might plan to. Getty Images Key Facts The central bank is poised to cut interest rates by at least a quarter-point, down from the 4.25% to 4.5% range where they have been held since December to between 4% and 4.25%, as Wall Street has placed 100% odds of a rate cut, according to CME’s FedWatch, with higher odds (94%) on a quarter-point cut than a half-point (6%) reduction. Fed governors Christopher Waller and Michelle Bowman, both Trump appointees, voted in July for a quarter-point reduction to rates, and they may dissent again in favor of a large cut alongside Stephen Miran, Trump’s Council of Economic Advisers’ chair, who was sworn in at the meeting’s start on Tuesday. It’s unclear whether other policymakers, including Kansas City Fed President Jeffrey Schmid and St. Louis Fed President Alberto Musalem, will favor larger cuts or opt for no reduction. Fed Chair Jerome Powell said in his Jackson Hole, Wyoming, address last month the central bank would likely consider a looser monetary policy, noting the “shifting balance of risks” on the U.S. economy “may warrant adjusting our policy stance.” David Mericle, an economist for Goldman Sachs, wrote in a note the “key question” for the Fed’s meeting is whether policymakers signal “this is likely the first in a series of consecutive cuts” as the central bank is anticipated to “acknowledge the softening in the labor market,” though they may not “nod to an October cut.” Mericle said he…
Share
BitcoinEthereumNews2025/09/18 00:23