Sustainable Packaging Market – Demand Analysis, Opportunity Evaluation, Historical Growth 2012-2016 & Future Outlook 2022-2027

Dallas, Texas, United States – June 29, 2022 /MarketersMEDIA/ —

Sustainable packaging is the use of sourcing, development, and use of packaging methods that have minimal environmental impact and footprint. Sustainable packaging are environment friendly and do not contribute to further depletion of natural resources. Various companies, individuals, and organizations are taking collective efforts for introducing sustainable products and sustainable packaging is the key initiative fostering the global sustainable packaging market. Green packaging is used in food & beverage industry, logistics industry, ecommerce companies for delivering goods and products.

Report Includes:

– 103 data tables and 27 additional tables

– An overview of the global market for sustainable packaging

– Estimation of the market size and analyses of global market trends, with data from 2021, estimates for 2022, with projections of compound annual growth rates (CAGRs) through 2027

– Highlights of the market potential for sustainable packaging material, based on material, process, application, region and country, and coverage of history and latest technological developments of the industry

– Description of environmental issues concerning the use of plastic material packaging and discussion on production of eco-friendly material packaging by various initiatives across supply chain of food and beverages and consumer goods

– Information on innovative new materials, leading-edge technologies and stringent government regulation for packaging materials

– Market share analysis of the key companies of the industry and coverage of their proprietary technologies, strategic alliances and other key market strategies

– Comprehensive company profiles of the leading players, including Amcor Ltd., Berry Global Inc., Huhtamaki, Nampak Ltd. and Tetra Laval

Owing to benefits such as minimal waste and pollution in landfills and oceans, reduced depletion of natural resources, safe & healthy, less cost, optimal use of renewable materials, clean production technologies, the sustainable packaging is experiencing rapid adoption as opposed to plastic alternatives thus fostering remarkable progress in global sustainable packaging market.

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The key factors such as increasing concerns and environmental impact due to single use packaging, regulatory and public concerns, companies and retailers making commitments to improve sustainability and rethinking their packaging systems is driving major demand for sustainable packaging. Furthermore, shifts in choice of substitute packaging methods, expansion of new-end markets, increasing awareness replacing plastics use with other substrates, demand for convenience, economic boom in regions across the world is boosting the global sustainable packaging market.

The advantages such as increased customer base and brand loyalty, consolidated storage, lower shipping costs, reduced waste of resources during packaging, reduced carbon footprint, reduced plastic burden, lower amount of allergens and toxins encourage further adoption of sustainable packaging. These factors collectively influence thumping growth of global sustainable packaging market estimated to record substantial revenue and fastest growth rate in forecast years, 2022-2029.

Despite, global sustainable packaging market is growing at a rapid pace, there are numerous challenges that still remain dominating factors in lowering the growth of sustainable packaging market.  The cost concerns, leakage during transit reducing product safety, unwillingness of customers to pay more due to other cheap substrates available in the market is hampering the global sustainable packaging market.

Furthermore, marketers and manufacturers are addressing these challenges with innovation and collaboration. Also, rising concerns pertaining to environmental pollution from non-degradable products like plastic are making the consumers more responsible and undertake “green-packaging” measures is anticipated drive the global sustainable packaging market. Moreover, shifts in choice of substitute packaging methods, expansion of new-end markets, increasing awareness replacing plastics use with other substrates, demand for convenience, economic boom in regions across the world is anticipated to be growth opportunity to the global sustainable packaging market.

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Name: Hector Costello
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Organization: Orbis Research
Website: https://www.orbisresearch.com/reports/index/sustainable-packaging-global-markets

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