A recent report on Sustainable Packaging Market provides a detailed analysis on the industry size, revenue forecasts and geographical landscape pertaining to this business space. Additionally, the report highlights primary obstacles and latest growth trends accepted by key players that form a part of the competitive spectrum of this business.
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Market Analysis of Sustainable Packaging –
Sustainable packaging not only has an essential role in preserving the shelf life of the product but also lowers adverse effect on environment, which is essential with the employment of non-bio degradable plastic substances for packaging. The five R’s of sustainable packaging are: Reduce, Remove, Renew, Recycle, Re-use. Sustainable packaging also lowers the ecological foot print. This in return offers a platform for healthy, ecofriendly, and judicious methodology for packaging.
Sustainable packaging finds its application in almost all industry segments, but mainly it has found a huge stake in the industries such as, FMCG, food & beverages, wholesale, retail trade, and Healthcare. This new idea of packaging has also brought in new dimensions for innovations offering a whole lot of avenues for the players to explore different untapped regions in this market.
The global sustainable packaging market is divided by product type into degradable, recycled, and re-usable. The global sustainable packaging market is divided by material type into paper, plastic, metal, and glass. The global sustainable packaging market is divided by functional type into active, molded pulp, and alternate fiber. The global sustainable packaging market is divided by application into food & beverages, health care, and personal care.
Sustainable Packaging Manufacturers:
The major players included in the global sustainable packaging market forecast are,
- Bemis Company, Inc
- Amcor Limited
- Mondi Plc
- Tetra Laval International S.A
- BASF SE
- WestRock Company
- Smurfit Kappa Group PLC
- Sonoco Products Company
- Huhtamaki OYJ
- Sealed Air Corporation.
Sustainable Packaging Market Key Segments:
By Material Type: Paper & Paperboard, Plastic, Metal, Glass
By Process: Recycled content packaging, Reusable packaging, Degradable packaging,
By packaging Type: Flexible Packaging, Rigid Packaging, Packaging Accessories
By Layer Type: Primary, Secondary, Tertiary
By Application: Food & Beverage packaging, Healthcare packaging, Personal care packaging, Industrial, Others
The Major Driver For This Market Is Rise In Environmental Consciousness Amongst The Users
The major drivers for this market are rise in environmental consciousness amongst the users. Non-biodegradable plastic has established detrimental towards the health of the surrounding, by causing different ill effects such as landfill, soil pollution, and loss in soil fertility. This has affected the recent social scenario. Stringent rules implemented by most of the countries over the employment of plastic bags & carriers. Nations such as Uganda, Somalia, South Africa, Kenya, Rwanda Botswana, and Ethiopia all have executed total ban over the employment of plastic bags. The rise in user demand for employment of green packaging for organic foods is also a major booster in the industry. Different firms all over the world such as Hovis has rolled out bread packed employing renewable polyethylene. Dixie Egg Company, Gillette razors, and Wolfgang Puck Coffee have come up with amazing packaging formats. These packaging styles might not only be eco-friendly but also would grab eyes of the user.
Factors such as growing packaging industry, stringent laws regarding sustainability, and change in user preferences towards eco-friendly and sustainable packaging materials power the sustainable packaging market.
Asia Pacific Is Expected To Be The Quickest Developing Market Due To The Rising Focus Of Government On The Acceptance Of Eco-Friendly Solutions
Asia Pacific is expected to be the quickest developing market, due to factors such as attendance of the huge user base and the rising focus of government on the acceptance of eco-friendly solutions. Presently, North America is leading the market of green packaging. The US is the major country in terms of employment of green packaging. The manufacturing and industrial segments of the nation use excessive eco-friendly packaging for packing their products.
Market by Regional Analysis
North America (USA, Canada, Mexico), Europe (UK, France, Germany, Russia, Rest of Europe), Asia-Pacific (China, South Korea, India, Japan, Rest of Asia-Pacific), LAMEA, Latin America, Middle East, Africa
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