A whopping one third – 1.3 billion tons – of the food produced for human consumption worldwide is lost every year. Americans throw out about 40% of the food they produce annually, the equivalent of $165 billion.
According to Mitsubishi Gas Chemical America, 48% of customers avoid foods with artificial preservatives and 35% avoid foods with artificial flavors. This means brands are challenged to leverage packaging technologies that can help food last longer without additional chemicals.