Press release
Sustainable Packaging Market Worth Growing CAGR 7.10%| Expect to Reach at USD 375.64 billion by 2023 With Top Players - DS Smith, Berry Global, Ball Corporation, Bemis Company, Smurfit Kappa Group, Mondi, Amcor Flexibles Chakan, WestRock, Sonoco, Crown Ho
An ongoing report assessed a decisive investigation added by Crystal Market Research on Sustainable Packaging Market report presents an all-inclusive study of the market by analyzing the key development trends, driving forces and restraints. This report offers a profound estimation of the including acknowledged innovations, market standardization future rules and esteem chain.To get holistic SAMPLE of the report @
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Competitive Insights
The leading players in the market are Gerresheimer, DS Smith, Berry Global, Ball Corporation, Bemis Company, Smurfit Kappa Group, Mondi, Amcor Flexibles Chakan, WestRock, Sonoco, Crown Holdings, Ardagh Group S.A. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
Global Industry Market Dynamics and Trend Analysis
The Sustainable Packaging Market was worth USD 202.61 billion in 2014 and is expected to reach approximately USD 375.64 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 7.10% during the forecast period. Sustainable packaging is the usage and development of packaging which brings about enhanced sustainability. This includes expanded usage of life cycle inventory (LCI) and life cycle assessment (LCA) to help direct the usage of packaging which diminishes the impacts on the environment. The objectives are to enhance the long term quality and feasibility for people and the life span of natural ecosystems. Sustainable packaging must fulfil the practical and financial requirement of the present without trading off the capacity of upcoming generations to meet their particular needs. Sustainability isn't really an end state; however it is a constant process of enhancement.
Regional Insights
The European market is assessed to represent the biggest share in sustainable packaging market on the background of high focus of the packaging makers and ascend in discretionary income of the customers. North America is anticipated to trail in sustainable packaging market as the area has most astounding consumption of packaging. The MEA area is assessed to contribute small but quickly developing share of the overall industry in sustainable packaging market. Development in maintainable packaging market in Latin America locale is anticipated to be direct amid the figure time frame.
Drivers & Restrains Outlook and Trend Analysis
The main drivers for this industry are ascending in awareness regarding a healthy environment among the purchasers. Non-biodegradable plastic has been proven disadvantageous towards the betterment of nature, by causing different ill impacts, for example, landfill, pollution if soil, and loss of fertility in soil. This has affected the on-going social situation. Stringent laws executed by the vast majority of the countries over the utilization of plastic packs and transporters. Nations like South Africa, Somalia, Uganda, Kenya & Ethiopia all have executed a ban over the use of plastic. The expansion in demand among consumers for usage of green packaging for organic foods is likewise a key driver in the segment.
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Market Segmentation-
By Packaging Type
Bags
Bottles & Jars
Trays
Boxes
Films
Pouches & Sachets
IBC
Drums
Others
By Material
Plastic
Paper & Paperboard
Metal (Aluminum)
Others
End User
Food & Beverages
Chemical
Automobile & Electronics
Cosmetics & Personal Care
Pharmaceutical
Agriculture
By Region-
Middle East And Africa (Saudi Arabia, UAE, Egypt, Nigeria And South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest Of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest Of Asia-Pacific)
Rest Of The World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)
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Major Table of Contents:
Chapter 1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
Chapter 2. Executive Summary
2.1. Key Highlights
Chapter 3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
4. Market Analysis by Regions
4.1. North America (United States, Canada and Mexico)
4.2. Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.3. Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.4. South America (Brazil, Argentina, Columbia and Rest of South America)
4.5. Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA
5. Sustainable Packaging Market, By Packaging Type
6. Sustainable Packaging Market, By Material
7. Sustainable Packaging Market, By End User
8. Sustainable Packaging Market, By Region
9. Company Profiles
10. Global Sustainable Packaging Market Competition, by Manufacturer
11. Sustainable Packaging Market Forecast (2018-2023)
……CONTINUED FOR TOC
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
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