Green Packaging Industry Growth at 5.42% CAGR with Amcor Limited, Bemis Company, Mondi Plc and More
MarketResearchFuture.com added New Report Named “Green Packaging Market 2018: Global Industry Analysis, Market Growth and Opportunity Assessment, Segmentation By Packaging type (Recycled Content Packaging, Degradable Packaging) By Application (Food & Beverage, Health Care, Personal Care and Other) and By Regions | Outlook to 2023” to its Database.
Hadapsar, Pune, India – May 7, 2018 /MarketersMedia/ —
Green packaging is also known as sustainable packaging. Manufacture of packaging requires energy and creates waste, thus making it non sustainable. However, designers can make packaging sustainable by considering the environmental impacts during manufacture, usage and disposal. Stringent government regulations and legislation, forcing manufacturers to choose sustainable packaging options over the conventional packaging are the major drivers for the growth of the green packaging market. Changing preferences towards more sustainable packaging materials, increase urbanization are some of the factors pushing the market towards growth.
The high cost of production and fluctuating raw material prices may hinder the growth of the industry. Moreover, factors such as poor recycling facilities and the strict recycling acts are Undermining the potentials of the market. The global market for global green packaging market is expected to grow over the CAGR of around 5.42 % during the forecasted period.
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Target Audience:
• Manufactures
• Raw Materials Suppliers
• Aftermarket suppliers
• Research Institute
• Potential Investors
Key Players:
The key players of global green packaging market include Amcor Limited (Australia), Bemis Company, Inc. (U.S.), Tetra Laval International S.A. (Switzerland), Mondi Plc (South Africa), WestRock Company (U.S.), BASF SE (Germany), Sonoco Products Company (U.S.), Smurfit Kappa Group PLC (U.S.), Sealed Air Corporation (U.S.), and Huhtamaki OYJ (Finland).
Industry/ Innovation /Related News:
March 28, 2018 – Government of China announced that the country is all set to adopt Green packaging standards by September this year. The country has taken this decision to help tackle the extensive pollution erected due the disposal of conventional encasements.
March 03, 2018 – Lidl & Aldi (UK) – the individual groups of discount supermarket chains under one common brand – announced their green packaging plans by 2022. While Aldi is pledged to 100% reduction in waste for its own-label packaging making it recyclable & reusable by 2022, while the retailer – Lidl committed to reduce 50% of waste in all product packaging by 2025.
Worldwide Green Packaging Market – Segments
For the convenience of the report and enhanced understanding; the market of Green Packaging is segmented in to 3 key dynamics.
By Packaging Types : Comprising Recycled Content Packaging, Degradable Packaging, etc.
By Applications : Personal Care, Food & Beverages, Pharmaceuticals & Healthcare, among others.
By Regions : North America, Europe, APAC and Rest of the World.
Worldwide Green Packaging Market – Geographical Analysis
North America dominates the global Green Packaging Market with the largest market share. The US among other countries in the region, accounts for the largest market driving the regional growth. This growth attributes to the augmented uptake of green packaging solutions among the burgeoning industrial and manufacturing sectors in the country.
Asia-Pacific region, emerging as the fastest growing market for Green Packaging. Attributing to the large consumer base existing in the region coupled with the governmental encouraging programs emphasizing on the uptake of eco-friendly solutions; APAC is expected to register a fabulous CAGR during the forecast period.
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The growth of the global green packaging market is expected to be driven by the growing population, improved standard of living, and the shift preference of more sustainable packaging materials. Consumers of luxury goods are favoring green packaging techniques that use bio plastics. The industry is projected to witness an upsurge in the demand of sustainable packaging in the food & beverage, personal care, and healthcare industries. Several multinational companies have banded together to form a community called “Together for Sustainability” to promote sustainable developments.
Product Analysis
• Product matrix which gives a detailed comparison of the market for different recycled product types
Additional Information
• Regulatory Landscape
• Pricing Analysis
• Macroeconomic Indicators
Geographic Analysis
• Geographical analysis across 15 countries
Company Information
• Profiling of 10 key market players
• In-depth analysis including SWOT analysis, and strategy information of related to report title
• Competitive landscape including emerging trends adopted by major companies
Ask for your specific company profile and country level customization on reports.
The report for Global Green Packaging Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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Contact Info:
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Source: MarketersMedia
Release ID: 339581
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