The academic and scientific literature agreed that the current economic, social, and environmental contexts require it to be treated immediately, especially in the packaging industry. Even though countries, organizations, and consumers took action to solve these problems, a change in the economic situation impacts the environmental and social ones and vice versa. To address all of them simultaneously, developing an economic model considering the three factors is necessary. This chapter discusses how a circular economy can lead to economic and sustainable growth, focusing on the packaging industry and carbon footprint. Analyzing what is currently done can also show a general picture of the current circular economy practices worldwide.