In its 2022 report, Circularity Gap Initiative revealed that only 8.6% of all material used by humankind is recycled, with the rest contributing to the rising waste levels. A circular economy prioritizing recycling and reuse is the need of the hour that entails keeping raw materials, goods, and services in circulation for the longest time possible, limiting the level of waste that gets generated on a global scale. 

Most of the per capita waste generated globally comes from primary, secondary, and tertiary packaging; hence, the packaging is one of the focus industries that should adopt circularity. Circularity in packaging necessitates achieving sustainability along with good business sense for better adoption and longer haul.