Sealed Air Provides Packaging Solutions for Best Buy

Rhea-AI Summary

Sealed Air (NYSE: SEE) is partnering with Best Buy (NYSE: BBY) to introduce packaging solutions that increase the use of recycled content in shipping materials. The collaboration aims to support the circular economy and reduce virgin plastic usage. Sealed Air's offerings include:

1. BUBBLE WRAP® High Recycled Content Bubble Cushioning (90% recycled plastic)
2. BUBBLE WRAP® Recycled Content Inflatable Air Pillows (50% recycled plastic)
3. BUBBLE WRAP® Paper Bubble Mailers (38% recycled paper content)

These products are How2Recycle (H2R) label approved. Sealed Air is also assisting Best Buy in collecting and recycling plastic waste from distribution centers, furthering their commitment to sustainability and waste reduction.

Positive

• Partnership with Best Buy to provide sustainable packaging solutions
• Introduction of packaging products with high recycled content (up to 90%)
• Support for circular economy initiatives
• Assistance in collecting and recycling plastic waste from Best Buy distribution centers

Negative

• None.

Sustainability Expert

This partnership between Sealed Air and Best Buy marks a significant step towards sustainable packaging in retail. By adopting packaging solutions with high recycled content, Best Buy is demonstrating a commitment to reducing virgin plastic use and supporting the circular economy. The introduction of BUBBLE WRAP® brand products with 90% and 50% recycled content, as well as paper-based options, showcases a diverse approach to sustainability.

The How2Recycle labeling on these products is particularly noteworthy, as it empowers consumers to properly recycle packaging. This initiative not only reduces environmental impact but also potentially enhances brand perception among eco-conscious consumers. The arrangement for collecting and recycling plastic waste from Best Buy's distribution centers further reinforces the circular economy approach, creating a more comprehensive sustainability strategy.

While this move is commendable, it's important to monitor the long-term impact on packaging costs and product protection efficacy. Overall, this partnership sets a positive precedent for the retail industry in balancing product safety with environmental responsibility.

Retail Analyst

Best Buy's adoption of Sealed Air's sustainable packaging solutions is a strategic move that aligns with growing consumer demand for environmentally responsible practices. This initiative could potentially boost Best Buy's brand image and appeal to eco-conscious shoppers, possibly leading to increased customer loyalty and sales in the long run.

However, it's important to consider the financial implications. While the shift to recycled content packaging may incur initial costs, it could result in long-term savings through improved supply chain efficiency and potential tax incentives for sustainable practices. Additionally, this move may give Best Buy a competitive edge in the electronics retail sector, where sustainability initiatives are becoming increasingly important differentiators.

Investors should monitor how this change impacts Best Buy's operational costs, customer satisfaction metrics and overall market positioning. If successful, this initiative could serve as a model for other retailers, potentially influencing industry-wide practices and supply chain dynamics.

Converting to Sealed Air helps company use more recycled content in packaging materials

CHARLOTTE, N.C., Sept. 4, 2024 /PRNewswire/ -- Sealed Air (NYSE: SEE) is helping Best Buy (NYSE: BBY) through the introduction of packaging solutions that allow the company to use more recycled packaging content for shipping Best Buy products to consumers across North America. Best Buy, the electronics, computer, appliances and technology product retailer, is taking meaningful action by using packaging that not only preserves the value of their products, but also supports the circular economy through use of packaging containing recycled content.

Through this partnership, Sealed Air's packaging experts worked with Best Buy to provide them with a corresponding suite of products that helped them reduce the amount of virgin plastic used in packaging.

"Making sustainability progress cannot be done alone, and an opportunity like this to help Best Buy improve the packaging they use to ship products every day is a great example of the work we are doing at Sealed Air to solve our customers' critical packaging challenges," said Tiffani Burt, Ph.D., Sealed Air's VP of Materials Innovation. "Best Buy's championing of recycled-content solutions is allowing them to make great strides in their work to reduce virgin plastic in their shipping."

The Sealed Air packaging solutions now used by Best Buy include:

• BUBBLE WRAP^® brand High Recycled Content Bubble Cushioning, which is made from at least 90% recycled plastic and is How2Recycle (H2R) label approved as acceptable for Store Drop-Off at participating retailers.
• BUBBLE WRAP^® brand Recycled Content Inflatable Air Pillows made from a minimum of 50% recycled plastic content, of which 30% is post-consumer recycled plastic and How2Recycle (H2R) label approved as acceptable for Store Drop-Off at participating retailers.
• BUBBLE WRAP^® brand Paper Bubble Mailers, which contain at least 38% recycled paper content and are curbside recyclable and How2Recycle (H2R) label approved as Widely Recyclable indicating that the mailer is accepted by 60% of recycling facilities in the United States and can be recycled through curbside or drop-off programs.

"We're always looking for new ways to reduce our impact on the environment and as part of that work we are also looking at how to make our packaging more sustainable," said Tim Dunn, Best Buy's head of environmental sustainability. "The partnership with Sealed Air has helped us further weave the circular economy into our supply chain, which has helped us reduce waste through recycling and provide packaging containing recycled content for our customers."

In addition to the packaging solutions introduced to Best Buy, Sealed Air also worked with the company to arrange collection of plastic waste from Best Buy distribution centers to have it recycled.

About Sealed Air 

Sealed Air Corporation (NYSE: SEE), is a leading global provider of packaging solutions that integrate sustainable, high-performance materials, automation, equipment and services. Sealed Air designs, manufactures and delivers packaging solutions that preserve food, protect goods and automate packaging processes. We deliver our packaging solutions to an array of end markets including fresh proteins, foods, fluids and liquids, medical and life science, e-commerce retail, logistics and omnichannel fulfillment operations, and industrials. Our globally recognized solution brands include CRYOVAC^® brand food packaging, LIQUIBOX^® brand liquids systems, SEALED AIR^® brand protective packaging, AUTOBAG^® brand automated packaging systems, and BUBBLE WRAP^® brand packaging. In 2023, Sealed Air generated $5.5 billion in sales and has approximately 17,000 employees who serve customers in 115 countries/territories. 

www.sealedair.com 

Company Contacts 

Media
Amanda Hoggarth
amanda.hoggarth@sealedair.com

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SOURCE SEE

FAQ

What packaging solutions is Sealed Air providing to Best Buy (BBY)?

Sealed Air is providing Best Buy with BUBBLE WRAP® brand High Recycled Content Bubble Cushioning, Recycled Content Inflatable Air Pillows, and Paper Bubble Mailers, all containing significant amounts of recycled content and approved for recycling.

How much recycled content is in Sealed Air's packaging solutions for Best Buy (BBY)?

The BUBBLE WRAP® High Recycled Content Bubble Cushioning contains at least 90% recycled plastic, the Inflatable Air Pillows have a minimum of 50% recycled plastic content, and the Paper Bubble Mailers contain at least 38% recycled paper content.

What environmental benefits does the Sealed Air and Best Buy (BBY) partnership offer?

The partnership helps reduce virgin plastic usage, supports the circular economy, and allows for the collection and recycling of plastic waste from Best Buy distribution centers, contributing to waste reduction and more sustainable packaging practices.

Are the new packaging solutions provided by Sealed Air to Best Buy (BBY) recyclable?

Yes, all the packaging solutions provided by Sealed Air to Best Buy are How2Recycle (H2R) label approved, indicating they can be recycled through store drop-off programs or curbside recycling, depending on the specific product.