Recycling centre

Establish advanced manufacturing facilities for biodegradable and recyclable packaging

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Establish advanced manufacturing facilities for biodegradable and recyclable packaging

Sector
Most major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Resource Transformation
Sub Sector
Most major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Industrials
Indicative Return
Describes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
10% - 15% (in ROI)
Investment Timeframe
Describes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Short Term (0–5 years)
Market Size
Describes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
< USD 50 million
Average Ticket Size (USD)
Describes the USD amount for a typical investment required in the IOA.
< USD 500,000
Direct Impact
Describes the primary SDG(s) the IOA addresses.
Responsible Consumption and Production (SDG 12) Industry, Innovation and Infrastructure (SDG 9) Climate Action (SDG 13) Gender Equality (SDG 5)
Indirect Impact
Describes the secondary SDG(s) the IOA addresses.
Good health and well-being (SDG 3)

Business Model Description

Develop a network of state‐of‐the‐art manufacturing facilities dedicated to the production of biodegradable and recyclable packaging, leveraging IoT-enabled automation and sustainable materials. These facilities will serve FMCG, retail, and export markets, while concurrently providing custom design and white-label manufacturing solutions.

Expected Impact

Foster environmental sustainability and social equity through eco-friendly packaging, new green jobs, and inclusive economic growth.

How is this information gathered?

Investment opportunities with potential to contribute to sustainable development are based on country-level SDG Investor Maps.

Disclaimer

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Country & Regions

Explore the country and target locations of the investment opportunity.
Region
  • Republic of North Macedonia: Eastern
  • Republic of North Macedonia: Pelagonia
  • Republic of North Macedonia: Polog
  • Republic of North Macedonia: Skopje
  • Republic of North Macedonia: Southeastern
Learn more

Sector Classification

Situate the investment opportunity within sustainability focused sector, subsector and industry classifications.
Sector

Resource Transformation

Development need
Transitioning from conventional, single-use packaging to sustainable alternatives is essential to mitigate environmental degradation. Eco-friendly packaging reduces plastic waste, conserves resources, and protects ecosystems. This shift supports a circular economy, meets growing consumer demand for sustainable products, and creates local job opportunities. (1)

Policy priority
Sustainable development and circular economy principles are central to the National Development Strategy. The country aligns with EU directives to reduce single-use plastics and boost recyclability. Government incentives foster green innovation and environmental protection, positioning eco-friendly packaging as a strategic sector for public investment. (1, 2, 3)

Gender inequalities and marginalization issues
While technical innovation remains a priority, the sector must also ensure inclusive growth. Equal access to training, entrepreneurship, and leadership is crucial for empowering women and marginalized groups. Gender-responsive policies in workforce development and supply chain management are essential for achieving equitable opportunities alongside environmental progress. (4)

Investment opportunities introduction
Opportunities include modern manufacturing facilities, advanced recycling technologies, and smart packaging solutions. Expanding local and regional production and fostering research collaborations can attract domestic and foreign capital, driving sustainable growth and innovation. (2)

Key bottlenecks
Challenges include high capital costs, limited access to advanced technologies, and inadequate recycling infrastructure. Market fragmentation and regulatory uncertainties hinder economies of scale, while shortages in skilled labor and integrated supply chains persist. Addressing these barriers requires targeted policy support and robust public-private partnerships. (36)

Sub Sector

Industrials

Development need
The subsector urgently requires a shift from traditional, resource-intensive packaging to sustainable alternatives. This transformation is vital to reduce plastic waste, curb environmental damage, and advance circular economy objectives. Strengthening manufacturing capabilities and adopting eco-innovations can address both local and regional market demands. (5)

Policy priority
The Republic of North Macedonia’s alignment with EU directives on single-use plastics and recyclable materials positions eco-friendly packaging as a critical policy focus. Government incentives, tax benefits, and strategic frameworks underscore the importance of this subsector in achieving national sustainability targets and boosting green manufacturing. (2)

Gender inequalities and marginalization issues
Although the emphasis is on technical innovation, inclusive growth is equally important. Ensuring women and marginalized groups have equitable access to training, entrepreneurship, and leadership roles can broaden the talent pool. Gender-responsive policies in workforce development and supply chains are essential to foster fairness alongside environmental progress. (6)

Investment opportunities introduction
Eco-friendly packaging presents high-return prospects via modern production lines and advanced recycling technologies. Smart packaging solutions that minimize waste and extend product life attract both domestic and foreign investors. Expanding local markets and fostering R&D collaborations can drive innovation, employment, and sustainable growth. (1, 4)

Key bottlenecks introduction
Recycling in North Macedonia faces specific challenges such as low collection rates, insufficient waste sorting systems, and a lack of standardized recycling streams. Informal sector dominance, weak enforcement of extended producer responsibility (EPR), and limited investment in material recovery technologies further constrain efficiency and scale. (7)

Industry

Containers and Packaging

Pipeline Opportunity

Discover the investment opportunity and its corresponding business model.
Investment Opportunity Area

Establish advanced manufacturing facilities for biodegradable and recyclable packaging

Business Model

Develop a network of state‐of‐the‐art manufacturing facilities dedicated to the production of biodegradable and recyclable packaging, leveraging IoT-enabled automation and sustainable materials. These facilities will serve FMCG, retail, and export markets, while concurrently providing custom design and white-label manufacturing solutions.

Business Case

Learn about the investment opportunity’s business metrics and market risks.

Market Size and Environment

Market Size (USD)
Describes the value in USD of a potential addressable market of the IOA.

< USD 50 million

CAGR
Describes the historical or expected annual growth of revenues in the IOA market.

10% - 15%

Critical IOA Unit
Describes a complementary market sizing measure exemplifying the opportunities with the IOA.

Total 1.5 million tonnes of industrial waste was generated in '20, of which 72% was non-hazard. (2)

The emerging eco-friendly packaging market in North Macedonia and the wider region remains under USD 50 million. This estimate reflects early-stage investments, with limited but growing infrastructure for biodegradable materials, and aligns with EU directives promoting a shift from single-use plastics to sustainable alternatives. (2)

A projected CAGR of 10–15% is supported by rising consumer awareness and policy measures favoring circular economy solutions. (11)

Replacing a substantial volume of plastic packaging annually aligns with EU plastic reduction targets and North Macedonia’s National Waste Management Plan (2021–2031). This estimate is derived from current waste collection data, ongoing pilot projects for compostable packaging, and the scaling potential of local producers transitioning to greener manufacturing processes. (12)

Indicative Return

ROI
Describes an expected return from the IOA investment over its lifetime.

10% - 15%

Market analyses report steady annual growth in eco-friendly packaging across Southeast Europe, supporting a 10–15% ROI. Rising consumer demand, coupled with government incentives, justifies these returns for biodegradable and recyclable packaging solutions (11)

Based on expert estimation, the expected non-leveraged ROI will range from 12–14% per annum, driven by high demand, scalability, and favorable market conditions. (13)

Investment Timeframe

Timeframe
Describes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.

Short Term (0–5 years)

Biodegradable packaging ventures in Southeast Europe have demonstrated payback periods of approximately 3–5 years, driven by moderate capital investments and rising consumer demand for eco-friendly solutions. (2)

Ticket Size

Average Ticket Size (USD)
Describes the USD amount for a typical investment required in the IOA.

< USD 500,000

Market Risks & Scale Obstacles

Business - Supply Chain Constraints

Supply chain constraints arise from inconsistent access to raw materials and limited recycling infrastructure. Policy shifts on plastic bans can rapidly change demand, necessitating agile sourcing strategies and stable supplier networks. (1, 2, 5)

Capital - Requires Subsidy

Securing subsidies is often essential, given high initial capital expenditures for advanced machinery and R&D. Government grants, tax incentives, or low-interest loans help offset costs, making eco-friendly packaging ventures financially viable. (2, 7)

Capital - Limited Investor Interest

Investor interest may be limited due to perceived regulatory uncertainty and smaller market sizes in Southeast Europe. (3)

Impact Case

Read about impact metrics and social and environmental risks of the investment opportunity.

Sustainable Development Need

Plastic pollution and resource depletion drive the urgency for biodegradable and recyclable packaging. North Macedonia’s waste streams remain dominated by single-use plastics, causing environmental damage and constraining circular economy ambitions. (20, 31)

Limited green job opportunities and regional disparities highlight the need for inclusive and sustainable growth. Strengthening green manufacturing and circular economy initiatives can create skilled jobs, enhance local employment, and build long-term community resilience. (32)

Underdeveloped recycling infrastructure and reliance on imported raw materials hinder environmental and economic sustainability. Investing in eco-friendly packaging production supports a self-sufficient supply chain, aligning with global climate and resource efficiency goals. (33)

Gender & Marginalisation

Women remain underrepresented in manufacturing and leadership roles. The Advanced eco-friendly packaging solutions aims to close this gap by offering targeted skills training and career pathways, fostering equitable workplace participation and inclusive economic growth. (4, 6)

Rural and low-income communities often lack access to stable, green employment. By establishing facilities in underserved areas, the Advanced eco-friendly packaging solutions enables marginalized groups to benefit from emerging sustainable manufacturing opportunities. (34)

Expected Development Outcome

Eco-friendly packaging cuts plastic waste, advances circular economy targets, and boosts resource efficiency, reducing environmental harm while meeting growing consumer and policy demands.

Local production leveraging IoT automation spurs innovation, job creation, and skill development in advanced manufacturing, enhancing economic resilience in underserved regions.

Strengthened recycling infrastructure and sustainable supply chains encourage local input sourcing, reduce import dependence, and foster a robust environmental stewardship culture.

Gender & Marginalisation

Transparent hiring and training policies expand youth participation, ensuring fair access to jobs and leadership roles in sustainable manufacturing, bridging workforce gaps and fostering inclusive innovation.

Establishing facilities in underserved areas offers stable employment, supporting community resilience and inclusive growth by providing green job opportunities in the eco-friendly packaging sector.

Targeted mentorship programs empower women and professionals from other industries, enhancing diversity in advanced manufacturing and strengthening social equity across the evolving supply chain.

Primary SDGs addressed

Responsible Consumption and Production (SDG 12)
12 - Responsible Consumption and Production

Indicator 12.4.1: Number of parties to international multilateral environmental agreements on hazardous waste, and other chemicals that meet their commitments and obligations in transmitting information as required by each relevant agreement

Current Value

As of 2022, North Macedonia generated 467 kg of municipal waste per capita, with only 1.97% recycled—up from 0.7% in 2021 but still among Europe's lowest. Most waste is still landfilled, reflecting limited infrastructure for recycling, sorting, and circular practices at the local level. (2, 35)

Target Value

By 2030, North Macedonia aims to recycle 65% of municipal waste and reduce landfill use to 30%. Municipalities are expected to cut waste generation by 10–30%. Meeting these targets will require investment in infrastructure, stronger enforcement, and greater public awareness. (35)

Industry, Innovation and Infrastructure (SDG 9)
9 - Industry, Innovation and Infrastructure

9.3.1 Proportion of small-scale industries in total industry value added

9.2.1 Manufacturing value added as a proportion of GDP and per capita

Current Value

Small‑scale industries, generated only 22.5 % of North Macedonia’s total industrial value added in 2023. Their weak total‑factor productivity reflects constrained finance, limited human capital, and small firm size; tackling these gaps is imperative for competitiveness and growth. (36)

R&D investment in sustainable manufacturing stands at around 0.3% of GDP, constraining innovation. IoT adoption in production lines is limited, with few pilot projects testing advanced automation. This underscores the demand for infrastructure and technology upgrades in eco-friendly packaging. (16)

Target Value

Higher rates of inclusive and sustainable economic growth should be supported by higher total factor productivity and strong investment activity, i.e. gross investment, on average, above 25% of annual GDP over the next two decades. (35)

Raise R&D spending on sustainable manufacturing from 0.3% to 1% of GDP by 2030. Expand incentives for industrial IoT adoption and eco-innovation grants, fostering advanced automation and stronger infrastructure for biodegradable packaging development. (16, 35)

Climate Action (SDG 13)
13 - Climate Action

13.2.2 Total greenhouse gas emissions per year

Current Value

The Republic of North Macedonia’s greenhouse gas emissions from the industrial sector remain high, contributing roughly 15% of total emissions. Current waste management systems exacerbate these emissions, underscoring the role of recyclable and biodegradable packaging in mitigating climate impact.(17)

Target Value

Target a 20% reduction in industrial greenhouse gas emissions by 2030, in line with the National Waste Management Plan and EU climate objectives. Encourage cleaner production techniques, energy efficiency measures, and greater reliance on renewable energy in packaging facilities. (35)

Gender Equality (SDG 5)
5 - Gender Equality

5.5.2 Proportion of women in managerial positions

Current Value

Women occupy less than 20% of manufacturing and leadership roles in North Macedonia. The limited availability of technical and managerial training programs hinders women’s advancement in green manufacturing, underscoring the potential impact of inclusive eco-friendly packaging initiatives. (4,6)

Target Value

Elevate women’s labour‑force participation relative to men from 66.2 % in 2022 to 75 % by 2034 and 85 % by 2044 by expanding skills‑training and mentorship initiatives and enforcing equitable recruitment and promotion policies, thereby fostering gender parity across all sectors of the evolving economy. (35)

Secondary SDGs addressed

Good health and well-being (SDG 3)
3 - Good Health and Well-Being

Directly impacted stakeholders

People

Local workforce, including youth and underemployed individuals, gain job opportunities in IoT‐enabled manufacturing. Consumers benefit from reduced plastic waste and healthier living environments, as eco-friendly packaging curbs pollution and fosters a more sustainable lifestyle.

Gender inequality and/or marginalization

Women and underrepresented groups often face barriers in manufacturing. Targeted training, fair hiring, and leadership programs expand access to skilled jobs and entrepreneurship, reducing disparities and promoting inclusive growth in sustainable packaging.

Planet

Reduced plastic waste and resource consumption directly benefit ecosystems. Biodegradable packaging lessens pollution, curbs greenhouse gas emissions, and supports circular economy targets, preserving environmental quality for future generations.

Corporates

Retailers, and logistics providers gain a reliable source of sustainable packaging. By adopting eco-friendly materials, they enhance brand reputation, meet regulatory requirements, and align with evolving consumer preferences for green products.

Public sector

Government agencies gain from reduced waste management costs and improved alignment with EU directives. Collaborations with manufacturers drive policy development, infrastructure upgrades, and job creation, advancing overall sustainability and economic development goals.

Indirectly impacted stakeholders

People

Local communities benefit from improved air quality, reduced landfill use, and eco-awareness campaigns. Educational institutions incorporating sustainability topics foster environmental stewardship and enhance long-term public health outcomes.

Gender inequality and/or marginalization

Advocacy groups gain momentum by showcasing female- and youth-led packaging initiatives, inspiring policy reforms and cultural shifts that extend beyond manufacturing.

Planet

Global ecosystems benefit from reduced plastic leakage and lower greenhouse gas emissions. Biodiversity conservation is enhanced as healthier habitats develop, reflecting the downstream impact of a thriving eco-friendly packaging sector.

Corporates

Upstream suppliers and downstream distributors face increased demand for sustainable inputs and green logistics. This dynamic fosters industry-wide adoption of circular economy principles, accelerating innovation and cross-sector collaboration.

Public sector

Municipalities and regional authorities can reallocate funds from waste management to community development, infrastructure, or social programs. Successful outcomes in eco-friendly packaging serve as a model, encouraging analogous sustainability initiatives across other sectors.

Outcome Risks

Poorly managed demand for bio-based materials may lead to overharvesting or monoculture farming, reducing soil health and biodiversity, and undermining environmental goals.

IoT-enabled processes could expose businesses to cybersecurity threats, risking production downtime, data breaches, and potential reputational damage.

Unregulated disposal of biodegradable waste might still contribute to pollution if composting and recycling infrastructure remain inadequate or poorly enforced.

Market saturation or competition could drive down profit margins, threatening the long-term viability of eco-friendly packaging ventures in the region.

Gender inequality and/or marginalization risk: Without sustained training and fair hiring, the sector risks biases, limiting women's and marginalized groups' access to jobs and leadership.

Impact Risks

High upfront investment may deter widespread adoption of eco-friendly packaging, limiting the sector’s capacity to reduce plastic pollution and achieve circular economy goals.

Weak policy enforcement and insufficient recycling infrastructure can undermine environmental benefits, as biodegradable materials may still end up in landfills or incinerators.

Fluctuating consumer demand for sustainable products may create market instability, reducing incentive for manufacturers to maintain eco-friendly production lines.

Unintended resource strain on agricultural land or forests may emerge if bio-based inputs are sourced unsustainably, leading to habitat loss and decreased biodiversity.

Impact Classification

B—Benefit Stakeholders

What

Biodegradable packaging reduces plastic waste, fosters circular economy targets, and addresses waste management gaps, enhancing environmental sustainability and resource efficiency.

Who

Local workforce, youth, and women gain stable green jobs. Consumers benefit from reduced plastic pollution, while communities experience improved public health and environmental conditions.

Risk

High capital costs, weak policy enforcement, or unsustainable sourcing can curtail environmental benefits and hinder inclusive hiring, limiting overall impact on plastic reduction and equity.

Contribution

Advanced Eco-friendly packaging solutions invests in eco-friendly manufacturing, skill development, advancing SDGs for inclusive economic growth in the region.

How Much

Aims for a substantial cut in single-use plastics, supporting national targets and boosting green employment, as guided by EU directives and local circular economy plans.

Impact Thesis

Foster environmental sustainability and social equity through eco-friendly packaging, new green jobs, and inclusive economic growth.

Enabling Environment

Explore policy, regulatory and financial factors relevant for the investment opportunity.

Policy Environment

National Waste Management Plan 2020. Aims to modernize waste infrastructure by reducing landfilling and boosting recycling. It promotes public-private partnerships for eco-friendly packaging and supports EU compliance, accelerating the shift to a circular economy. (12)

National Strategy for Sustainable Development (2009–2030). This strategy underscores sustainable growth, resource efficiency, and environmental protection, forming the basis for reforms in waste management and the adoption of circular economy principles in packaging. (18)

National Ecology Action Plan. Provides guidelines to harmonize the Republic of North Macedonia’s environmental and waste management policies with EU acquis communautaire reinforcing regulatory frameworks for sustainable packaging and circular economy initiatives. (19)

Financial Environment

Financial incentives: Low-interest loans and grant programs through the Fund for Innovation and Technological Development enable green manufacturing upgrades, helping businesses adopt IoT and biodegradable materials in packaging. (22)

Fiscal incentives: North Macedonia’s flat corporate income tax rate of 10% creates a favorable fiscal environment, helping reduce capital costs and encouraging private investment in circular economy initiatives such as eco-friendly packaging. (23)

Other incentives: Subsidies are available for arable land used to grow field crops, medicinal, aromatic, and spice plants. The MEDF through the EU-funded project, launched a third call to support innovation and competitiveness in agriculture and food sectors. (24, 25)

Regulatory Environment

Law on Packaging and Packaging Waste: Establishes extended producer responsibility, mandating producers to finance collection and recycling. It encourages eco-design, reducing single-use plastics and driving demand for biodegradable packaging. (20)

Regulation on safety requirements for plastic materials in food contact restricts thin plastic bags and imposes fees, fostering a market for reusable or biodegradable alternatives and reinforcing sustainable packaging solutions. (21)

Marketplace Participants

Discover examples of public and private stakeholders active in this investment opportunity that were identified through secondary research and consultations.

Private Sector

Local packaging manufacturers, FMCG companies, and retailers driving demand for eco-friendly solutions. Tech firms offering IoT automation also play a key role, supplying advanced machinery and digital services to streamline production and optimize supply chains.

Government

The Ministry of Economy; the Ministry of Environment and Physical Planning; the Ministry of Finance; the Ministry of Agriculture, Forestry and Water Management; the Ministry of Transport and Communication; and the Ministry of Local Self-Government. (2)

Multilaterals

Organizations such as the European Bank for Reconstruction and Development (EBRD), the World Bank, and the EU Delegation. They offer funding, technical assistance, and policy guidance, promoting circular economy projects in North Macedonia.

Non-Profit

Environmental NGOs, and advocacy groups that champion sustainable packaging and community awareness. They conduct educational programs, lobby for stronger regulations, and support inclusive workforce development.

Public-Private Partnership

Collaborations between government agencies and private firms to develop modern recycling facilities, pilot biodegradable packaging projects, and share costs for research, infrastructure, and skill-building initiatives.

Target Locations

See what country regions are most suitable for the investment opportunity. All references to Kosovo shall be understood to be in the context of the Security Council Resolution 1244 (1999)
country static map
semi-urban

Republic of North Macedonia: Eastern

Rich agricultural activity provides potential for bio-based packaging inputs. Skilled labor from existing manufacturing heritage can adapt to green production methods, while local demand for sustainable packaging fosters immediate market traction. (26)
semi-urban

Republic of North Macedonia: Pelagonia

Rich agricultural activity provides potential for bio-based packaging inputs. Skilled labor from existing manufacturing heritage can adapt to green production methods, while local demand for sustainable packaging fosters immediate market traction. (27)
semi-urban

Republic of North Macedonia: Polog

A growing population and strategic location near transport routes support new manufacturing facilities. With a young workforce open to training, this region can champion inclusive job creation and innovation in eco-friendly packaging. (28)
urban

Republic of North Macedonia: Skopje

As the capital and economic hub, Skopje offers advanced infrastructure, robust consumer markets, and direct access to investors. High-visibility pilot projects here can set national benchmarks for eco-friendly packaging adoption and circular economy practices. (29)
semi-urban

Republic of North Macedonia: Southeastern

Agriculture-based local economies align with biodegradable materials sourcing. Semi-urban areas present moderate operational costs, and regional authorities actively encourage green investment, supporting scalable eco-friendly packaging ventures. (30)

References

See what sources were used to establish the investment opportunity’s data and find resources that could be consulted to explore more.
    • (1) European Strategy for Plastics in a Circular Economy (2018), European Commission
    • (2) A Roadmap towards Circular Economy of North Macedonia (2024), OECD
    • (3) LAW ON PACKAGING AND PACKAGING WASTE MANAGEMENT
    • (4) Gender Equality Strategy 2020-2025, European Commission
    • (5) Schmidt, J.; Challenges and Solutions for Plastic Packaging in a Circular Economy (2021),Volume93, Issue11 Special Issue:Industrielle Ressourcenstrategien für eine zirkuläre Wirtschaft
    • (6) Women entrepreneurs in North Macedonia embrace circular economy, UNDP (2024). Internet link: https://www.undp.org/north-macedonia/news/women-entrepreneurs-north-macedonia-embrace-circular-economy
    • (7) ADEMI, A., (2024). CIRCULAR BUSINESS MODELS: DRIVERS AND BARRIERS TO SMES IN NORTH MACEDONIA. Trends in Economics, Finance, and Management Journal, 6(1), 35-49. Arrival Date Posted By:https://tefmj.ibupress.com/articles/circular-business-models-drivers-and-barriers-to-smes-in-north-macedonia
    • (8) Lieder, M., Rashid, A.; Towards circular economy implementation: a comprehensive review in context of manufacturing industry, Journal of Cleaner Production, Vol. 115 (2016).
    • (9) Cegerica, Internet Link: https://cegerica.me/about/
    • (10) Underpinning Circular Economy Progress in the Western Balkan Countries: A Comprehensive Policy Implementation Analysis, (2022), LOGEX, Founded by Rockefeller Brothers Fund.
    • (11) Biodegradable Plastics Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, by Application : Global Opportunity Analysis and Industry Forecast, 2023-2033, Allied Market Research
    • (12) North Macedonia’s National Waste Management Plan (2021–2031)
    • (13) Answers for interviews
    • (14) Saveth, B. et al.;Embracing Sustainability: The Rise of Eco-Friendly Packaging Solutions (2023), Forbes, Link:https://www.forbes.com/councils/forbesbusinesscouncil/2023/06/23/embracing-sustainability-the-rise-of-eco-friendly-packaging-solutions/
    • (15) Abatan, A. et al.; Sustainable packaging innovations and their impact on HSE practivies in the FMCG industry, Magna Scientia Advanced Research (2024)
    • (16) World Bank (2019), Finding Solutions to Youth Unemployment in North Macedonia
    • (16) Link: https://tradingeconomics.com/macedonia/research-and-development-expenditure-percent-of-gdp-wb-data.html
    • (17) National GHG Inventory of North Macedonia, 2021. Link: https://api.klimatskipromeni.mk/data/rest/file/download/da9e1369c0909114f2b5077b5e0a2ed0876bdc2434f0d515175e487f2b29044d.pdf
    • (18) National Strategy for Sustainable Development in the Republic of Macedonia, 2008. Ministry of Environment and Physical Planning of the Republic of Macedonia
    • (19) Second National Ecology Action Plan (2006), Ministry of Environment and Physical Planning
    • (20) Law on Packaging and Packaging Waste Management, Official Gazette of the Republic of Macedonia No. 215/2021 of 16.09.2021 "21) REGULATION ON THE SPECIFIC SAFETY REQUIREMENTS FOR RECYCLED PLASTIC PRODUCTS AND MATERIALS COMING IN CONTACT WITH FOOD, THE PROCEDURE FOR APPROVAL OF RECYCLING PROCESSES OF PLASTIC PRODUCTS AND MATERIALS COMING IN CONTACT WITH FOOD AND THE LABELLING OF RECYCLED PLASTIC PRODUCTS AND MATERIALS COMING IN CONTACT WITH FOOD, FOOD AND VETERINARY AGENCY "
    • (22) The Fund for Innovation and Technologigal Development. Link:https://fitr.mk/en/mission-and-goals/?utm_source=chatgpt.com;Green Development Republic of North Macedonia Link:http://www.greendevelopment.mk/mk/newsReadMore.aspx?id=13
    • (23) Law on Profit Tax, "Official Gazette of the Republic of Macedonia", No. 112/14...248/18 and Official Gazette of the Republic of Macedonia", No. 232/19...199/23
    • (24) Macedonian Enterprise Development Foundation, on behalf of the project "AgroSmart - Development of modern and sustainable agriculture", Call for financial support for Promoting innovative investment projects in agriculture, forestry and the agri-food industry and Improving competitiveness through promoting cooperation between farmers
    • (25) LAW ON AGRICULTURE AND RURAL DEVELOPMENT, Official Gazette of the Republic of Macedonia No. 49/2010, 53/2011, 126/2012, 15/2013, 69/2013, 106/2013, 177/2014, 25/2015, 73/2015, 83/2015, 154/2015, 11/2016, 53/2016, 120/2016 and 163/2016
    • (26) Eastern Planning Region Development Program 2021-2026, Center for Development of the Eastern Planning Region
    • (27) Program for the Development of the Pelagonian Planning Region 2021-2026, Center for the Development of the Pelagonian Planning Region
    • (28) Program for the Development of the Polog Planning Region 2021-2026, Center for the Development of the Polog Planning Region
    • (29) Program for the Development of the Skopje Planning Region 2021-2026, Center for the Development of the Skopje Planning Region
    • (30) Program for the Development of the Southeastern Planning Region 2021-2026, Center for the Development of the Southeastern Planning Region "31) DIRECTIVE (EU) 2019/904 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on the reduction of the impact of certain plastic products on the environment, https://eur-lex.europa.eu/eli/dir/2019/904/oj" "32) National Employment Strategy 2021-2027 with Employment Action Plan 2021-2023"
    • (33) North Macedonia’s National Waste Management Plan (2021–2031)
    • (34) Reference: ILO (2018). World Employment and Social Outlook 2018: Greening with Jobs.
    • (35) National Development Strategy of the Republic of North Macedonia 2024-2044
    • (36) State Statistical Office Database. Note: micro-enterprises (1–9 employees)
    • (36) OECD (2024), Western Balkans Competitiveness Outlook 2024: North Macedonia, OECD Publishing, Paris.