1.3 billion tons of food is lost or wasted every year, costing around $680 billion in industrialized countries and $310 billion in developing countries. In addition, about 95% of the food we throw away ends up in landfills or combustion facilities.
Throughout the food supply chain, food waste reduction isn’t just a moral responsibility, it also has major business benefits. For farmers, processors and retailers alike, a $1 investment in food waste reduction can generate a $14 return.
Food packaging plays a vital role in reducing food waste. At Sealed Air, we create food packaging solutions that are engineered to protect food and prevent food waste.