read the following op-ed I drafted and come up with some interview questions that don't contain the word sustainability in it. It may be related to keeping the industry sustainable- Sustainability imperative for thriving packaging ink industry in Bangladesh

The global market for inks and coatings has been predicted to grow to $44.7bn by 2023, with the packaging ink segment expected to surge 70% to $8.7bn (Source: Global Printing Inks Market Overview - Smithers). In Bangladesh, the packaging ink sector holds immense potential, with new blending centers being constructed to accommodate increasing demands. To fully harness this potential, sustainability must be the foremost priority (Source: MDPI Journal). Long-term growth and success in the sector hinge on establishing a sustainable industry that benefits the environment and human health, as well as the overall success of the sector. A focus on environmentally safe and hazard-free chemicals, promoting education and awareness, fostering collaboration with stakeholders, driving innovation, and addressing internal industry and supply chain challenges are essential steps towards a prosperous and sustainable future.
According to Ink World Magazine, the packaging ink market in 2023 is witnessing a shift toward sustainability, with a growing emphasis on eco-friendly packaging solutions. The Bangladesh region is emerging as a key market, propelled by factors such as population growth, rising incomes, and evolving consumer preferences. To capitalize on these trends and challenges, ink manufacturers must innovate their products and processes to cater to the ever-changing needs of the packaging industry.
With projections showing the market in our region growing at a CAGR of 5.9% by 2028 (Source: Polaris Market Research), it is crucial to implement measures that support the industry’s sustainability and harness its potential. The first step is to prioritize the use of eco-friendly and hazard-free ink chemistries. By carefully selecting raw materials that have a minimal environmental impact and pose no threat to human health, we can reduce the industry’s ecological footprint. This requires investing in research and development to discover and implement sustainable alternatives that comply with regulatory requirements and customer expectations, such as bio-renewable content (BRC) inks and energy-curable technologies.

Education and awareness play a vital role in promoting sustainable practices within the packaging ink industry. Providing training and resources to industry professionals, such as press operators and color management experts, can enhance their understanding of sustainable manufacturing processes, waste reduction, and responsible product disposal. Meanwhile, raising awareness among consumers about the importance of safe packaging choices can drive demand for environmentally friendly products free of harmful chemicals, encouraging companies to adopt safer practices that help sustain the industry.

Collaboration among industry stakeholders, including suppliers, converters, and brand owners, is vital in driving the sustainable development effort, creating a shared understanding of the importance of sustainability and inspiring collective action. Building strong partnerships with these stakeholders facilitates knowledge sharing, best practices, and collective problem-solving. Implementing relevant industry standards such as ISO 14001 (Environmental Management System) and conducting Life Cycle Assessments (LCAs) ensure a holistic approach to sustainability across the packaging ink industry.

Innovation is a key element in transitioning the packaging ink industry toward sustainability. Through innovation, the industry can adapt to changing market demands while maintaining its competitive edge in the global market. Innovative advancements in ink formulations like water-based inks, high-performance UV/LED-curable inks, and low migration inks can help achieve sustainability goals. Embracing greener manufacturing processes that minimize waste and emissions, and implementing responsible sourcing practices for raw materials, such as vegetable oil-based resins and renewable pigments, are other ways to foster innovation.
Engaging with stakeholders, research institutions, universities, and technology providers can accelerate the pace of innovation by tapping into external expertise and resources. Ink manufacturers can leverage cutting-edge technologies and scientific advancements to develop ink solutions that meet the evolving needs of the market. This may involve developing plant-based or bio-based inks that lessen reliance on fossil fuels or exploring innovative manufacturing techniques that minimize energy consumption and waste generation.
Additionally, by developing inks that are easier to de-ink during recycling processes or incorporating biodegradable properties into the ink formulations, the industry can contribute to the circular economy and reduce packaging waste.
Ensuring human and environmental safety is a fundamental responsibility of the packaging ink industry. Conducting thorough safety assessments, adhering to stringent quality control measures, and implementing sustainable manufacturing practices, such as Good Manufacturing Practices (GMP) and environmentally friendly waste management systems, can ensure that our products do not pose risks to health or the environment. Transparency and accountability within the industry will help build trust among consumers, leading to increased market demand for safe and sustainable packaging inks.
Addressing internal industry and supply chain challenges is crucial for achieving genuine sustainability. This includes tackling issues such as waste management, energy efficiency, and ethical business practices. Implementing sustainable waste reduction and recycling programs, adopting energy-efficient manufacturing processes, such as low-temperature curing technologies, and promoting fair labor practices throughout the supply chain are essential steps toward a sustainable packaging ink industry.
Once the industry establishes itself as sustainable, it can then fully concentrate on its growth potential. The packaging ink industry in Bangladesh has seen steady growth, driven by urbanization, evolving consumer lifestyles, and an increased emphasis on food safety. As the demand for packaged food products continues to rise, the need for safe and visually appealing packaging solutions also increases. This demand serves as a catalyst for the expansion of the food packaging ink sector, creating investment opportunities and encouraging innovation for both local and international companies aiming to capture significant market share.
By making sustainability a priority and capitalizing on growth prospects, both local and international companies can collectively drive the packaging ink industry in Bangladesh towards long-term success. For local companies, this presents opportunities for economic development, job creation, and technology transfer, while fostering economic growth and strengthening the local supply chain.
International companies can leverage the opportunities in the Bangladesh packaging ink industry to expand their market presence and establish strategic partnerships. By tapping into the country’s growing consumer base and collaborating with local players, international companies can gain a competitive edge and enhance their market position while contributing to the industry’s development. In this way, sustainability becomes the foundation for growth and exploration of new possibilities.
To sum up, prioritizing sustainable development is paramount to unlocking the true potential of the packaging ink industry in Bangladesh as it sets the stage for further expansion and exploration of opportunities. By ensuring the industry is environmentally friendly, socially responsible, and economically viable, we create a platform that can branch out and seize opportunities to reach new heights in the global market. We should embrace this vision and work together to build a thriving, sustainable, and prosperous future for the packaging ink industry and the nation as a whole.