Sustainable Packaging Market research report - global forecast to 2023
Sustainable Packaging Market research report - global forecast to 2023
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Sustainable Packaging Market research report - global forecast to 2023
Summary: Sustainable Packaging Market, By Process (Degradable Packaging, Recycled Packaging, Reusable Packaging), By Application (Personal Care, food & Beverages, Pharmaceuticals and others), By Packaging Type (Tubes, Bags & Pouches, Corrugated Box and others), By Material (Paper & Paperboard, Glass, Metal, Plastic) and Region - Forecast To 2023 Sustainable Packaging Market Highlights: The global sustainable packaging market is a very dynamic market and is expected to witness high growth over the forecast period. Packaging plays an essential role in our business by meeting consumer needs for convenience and portability, while protecting and preserving our products throughout the supply chain. In recent years, manufacturers have made a considerable effort of creating environmentally-friendly and sustainable packaging. Quality packaging helps safe and sustainable products. It enables efficient transport and prevents items from spoiling; and differentiates brands on the shelf while giving consumers vital information about products. Manufacturers are now under pressure to use ecofriendly material in packaging and adopt methods that have less adverse impact on environment. Sustainable packaging is the eco-friendly type of packaging, which uses recyclable material for packaging process. It also helps reduce the environmental impact. Secondly, increasing environmental concerns and stringent rules and regulation are projected to encourage the demand for sustainable packaging within the forecast period. However, lack of information about sustainable packaging and its benefits, is a major restraint that is likely to hinder the demand of the market.
Key Players:
➢ Amcor Limited (Australia) ➢ Silgan Holdings Inc.( U.S.) ➢ Bemis Company Inc.( U.S.) ➢ Sonoco Products Company (U.S.) ➢ Mondi plc.( Austria) ➢ The Dow Chemical Company(U.S.) ➢ Stora Enso Oyj(Finland) ➢ BASF SE (Germany) ➢ Genpak, LLC(North Carolina) ➢ DS Smith Plc.( U.K.) ➢ Smurfit Kappa Group Plc.(Dublin) Request a Sample Report.
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Sustainable Packaging Market research report - global forecast to 2023
Global Sustainable Packaging Market growing exponentially by 2023, registering a fabulous CAGR of approx. 7% throughout forecast period Scope of the Sustainable Packaging Market Report This study provides an overview of the global sustainable packaging market, tracking one market segment across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Sustainable Packaging market by its packaging type, material, process, application and region. Sustainable Packaging Market, By Packaging Type • • • •
Tubes Bags & Pouches Corrugated Box Others
Sustainable Packaging Market, By Material • • • •
Paper & Paperboard Glass Metal Plastic
Sustainable Packaging Market, By Process • • •
Degradable Packaging Recycled Packaging Reusable Packaging
Sustainable Packaging Market, By Application • • • •
Pharmaceutical Food & Beverages Personal Care Others
By Region • • • •
North America Asia Pacific Europe Rest of the World
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Sustainable Packaging Market research report - global forecast to 2023 Sustainable Packaging Market - Regional Analysis In terms of geographical distribution, the global sustainable packaging market is studied for five major regions namely, North America, Europe, Asia Pacific, and RoW. The Asia Pacific market is anticipated to be the fastest growing market over the forecast period, owing to the presence of the large consumer base and the increasing focus on the adoption of eco-friendly solutions, by the government. Moreover, growing demand for reusable and recyclable materials in developing economies, such as China and India, are expected to boost the industry growth over the forecast period. Moreover, strict governmental policies for the safety of environment coupled with availability of incentives and support from the government is one of the major factors behind the growth of sustainable packaging market. Further, innovative sustainable packaging products are also believed to flourish the growth of sustainable packaging market. However, high cost of raw materials used for making sustainable packaging such as biobased monomers, liquid biofuels is expected to hinder the growth of the sustainable packaging market globally.
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Sustainable Packaging Market research report - global forecast to 2023
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