Green Packaging Market to Grow at 7.35% CAGR Driven by Bioplastics Packaging to 2020

The global green packaging market analyst says use of bioplastics in packaging is gaining importance in emerging regions such as APAC and South America. This is due to increased demand for effective, advanced, and eco-friendly packaging

The global green packaging market is well diversified across Europe, the APAC region, North America, and the ROW, with Europe leading the market with more than 31% in 2015. The leading countries in this region are Germany, the UK, and Italy. The increased demand for recycled packaging and recycled plastic products is the primary reason leading to the growth of the green packaging market in Europe.

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Analyst predicts the global green packaging market to grow rapidly at a CAGR of more than 7% during the forecast period. The demand for eco-friendly and sustainable packaging materials by consumers is on the rise, and hence vendors are largely focusing on developing materials that can be recycled and have the traditional capabilities of friction, moisture, and heat resistance. For instance, Ecovative Design introduced mushroom packaging, which uses mushroom mycelium and agricultural waste such as corn stalks and husks to create an alternative for foam packaging.

According to the green packaging market report, one of the major drives of the market is demand for bioplastic packaging. Bioplastic packaging products are considered more sustainable than conventional plastic packaging products because they consume less energy and natural resources, generate lower CO2 emissions, and are lightweight in nature.

Product Segmentation and Analysis of the Green Packaging Market -Recyclable packaging, Reusable packaging and Degradable packaging

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In 2015, the recyclable packaging segment accounted for a significant share of over 76% in the global green packaging market. Recycling packaging material is gaining popularity among consumers because of the benefits they provide such as reduced carbon footprint and energy conservation.

Segmentation And Analysis By End-User Of The Green Packaging Market -Food packaging, Beverages packaging, Healthcare packaging, Personal care packaging and other packaging

With a remarkable share of more than 54% in 2015, the food packaging market led the global green packaging market. The majority of the vendors in the market tend to use more green packaging materials to package food products. The increasing demand for dairy products is one of the major drivers for the growth of the food industry, thus leading to the overall market growth.

Since the local players in the global green packaging market find it difficult to contend with the multinational players who have already established their position in terms of quality, features, and range of offerings, they started offering innovative solutions at a lower price compared to international players, thus leading to price wars in the market.

Key players in the global green packaging market: Amcor, DuPont, Mondi, Sealed Air and Tetra Laval

Other prominent vendors in the market include Ardagh, Airlite Plastics, BeGreen, Bemis, Berkley International Packaging, Biomass Packaging, Cascade, Cereplast, Clondalkin, Crown, Dairi-Pak, DS Smith, Earthcycle Packaging, Ecologic, Elopak, Emerald Packaging, EnviroPAK, Evergreen Packaging, Fabri-Kal, Georgia-Pacific, Gerresheimer, Graham Packaging, Graphic Packaging, Green Packaging, Huhtamaki, Innovia Film, International Paper, Intrapac, Nampak, Owens-Illinois, Plastipak, Polyoak Packaging, Rexam, Reynolds, Rock-Tenn, Sealed Air, Smurfit-Stone Container, Sonoco, Winpak, and Wipak.

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