Green Packaging Market Production Growth and Industry Analysis 2017 to 2025
According to a new report published by Reports Monitor titled, “Green Packaging Market By Material, Process, Function, and Applications: Global Opportunity Analysis and Industry Forecast, 2018–2025,” the Green Packaging Market was valued at XX million in 2017, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Green packaging has become popular option among packaging suppliers and end use sectors. Conventional packaging systems create waste and some of them cannot be recycled. Most of the time conventional packaging systems made up of plastics materials and it’s resulted into the huge amount of waste. Green packaging or sustainable packing comprises biodegradable and recyclable material and manufacturing processes that will not harm environment. Bio fuels, solar and wind energy is used for manufacturing green packaging which reduces energy consumption. Following materials are used for green packaging: biodegradable plastics, recyclable materials, plant based plastics, and recycled polyethylene.
Rising environmental issues like waste generation, environmental pollution, and use of unrecyclable resources are propelling the need of green packaging solutions. Favorable government’s policies, changing consumer preference towards green packaging solutions, and emergence of new technologies are the major factors driving growth of green packaging globally. Increased environmental concerns and changing consumer preference toward it is paving the way for green packaging solutions. However, high cost of recycling and low awareness of need and benefits of green packaging are expected to hamper the growth of green packaging market globally.
This report provides a detailed analysis of Green Packaging market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and porter’s analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources supported with either bottom up or top down approach.
Global Green Packaging market is majorly segmented on the basis of Material (Paper & Paperboard, Plastic, Metal, Glass), Process (Recycled, Reusable, Degradable), Function (Active, Molded Pulp, Alternate Fiber), and Application (Food & Beverage, Healthcare, Personal Care and Others).
By geography, global green packaging market is studied across North America, Europe, Asia-Pacific, and LAMEA. Progressive and changing consumer preferences towards environmental issues combined with the emergence of new innovative technologies is fuelling the growth of Green Packaging market in Europe. Growth of Green Packaging market in North America region is influenced by factors such as existence of major players from this market, availability of advanced infrastructure and increased adoption of green packaging solutions in end user industries. Increased use of bio based plastics and countries like India and China are driving the growth of green packaging market in Asia-Pacific region.
Key Question Answered: • What will be the market size in 2025 and at what rate it will grow? • What trends, barriers, challenges are influencing its growth? • Who are the major key players in Global Green Packaging Market and what are their strategies? • What segment and region will lead the market and why?
The major companies profiled in the report include: Amcor Limited, E. I. DuPont de Nemours and Company, Mondi Limited, Sealed Air Corporation, TetraPak International S.A., Ardagh Group Co., PlastiPak Holdings, Inc., Bemis Company, Inc., Uflex limited, ELOPAK AS, BASF SE, Catalyst Paper, Clorox Company, Berry Plastics, TetraLaval, Printpack Inc, Ball Corporation, Innova Films Ltd, and Phoenix Technologies..
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