Green Packaging Market Trends, Growth, & Key Business Strategies by Leading Industry Players Amcor, Bemis Company, Sealed Air, Tetra Laval International SA, Mondi, Sonoco, Cargill, and Huhtamaki

Worldwide Market Reports has announced the addition of the “Green Packaging Market Size Status and Forecast 2026”, The report classifies the global Green Packaging Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.

This report studies the global Green Packaging Speaker market, analyzes and researches the Green Packaging Systems Speaker development status and forecast in North America, Europe, Asia Pacific, Latin America and Rest of the World. This report focuses on the top players in global market, like Amcor, Bemis Company, Sealed Air, Tetra Laval International SA, Mondi, Sonoco, Cargill, and Huhtamaki

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Green packaging offers a better shelf life to the products by eliminating the adverse effects of conventional plastics, which are majorly used as packaging materials. Green packaging is also eco-friendly, owing to its biodegradability and recyclable nature. Asia Pacific is expected to record the fastest growth during the forecast period. Green packaging is referred to the use of packaging materials and implementation of manufacturing methods that have low impact on energy consumption and environment. Green packaging involves the usage of recyclable and biodegradable materials and thus referred as energy-efficient or sustainable packaging. Furthermore, bio-degradable plastics, bio-based plastics, solid bleach sulfate, and recycled papers are some of the key materials used for the manufacture of green packaging products.

Market Growth:

Factors such as wide spread awareness among consumers regarding environmental safety and benefits of green packaging are the key factors propelling growth in green packaging market. Moreover, initiatives of regulatory bodies recommending adoptions of eco-friendly alternatives by the manufacturers, will further boost growth of the green packaging market during the forecast period.

Asia Pacific is estimated to be the dominant region with a CAGR of 8.85% in the green packaging market during the forecast period. Factors such as high population growth and increasing disposable incomes in the emerging economies such as India and China, coupled with large presence of several manufacturers operating in the food and beverage industry in this region will increase growth in the market during the forecast period.

North America dominated the green packaging market in 2016 and accounted for a market share of around 30%, with the U.S. being the major contributor. Initiatives taken up by the regulatory bodies regarding waste management and landfill drive the market growth in North America. Furthermore, stringent recycling targets set by the Environmental Protection Agency (EPA), are being implemented in the U.S., which in turn is augmenting the growth of the green packaging market in this region.

Based on materials, the green packaging market has been segmented into paper & paperboard, plastic, glass, metal, and others. The paper & paperboard segment dominated the market in 2016 and is expected to retain market dominance throughout the forecast period.

Middle East and Africa are witnessing sluggish growth at present due to weak penetration of several end users of green packaging. Political and economic instability in these regions restrain the market growth to a great extent. However, Latin America is expected to portray a favorable growth for green packaging during the forecast period on account of rising penetration of the end-use industries for green packaging and rising penetration by the manufacturers of green packaging.

Global Green Packaging Market, By Packaging Type:

Paper & Paperboard Packaging
Corrugated Box
Boxboard
Paper Bags

Plastic Packaging
Bottles
Cans
Bags

Metal Packaging
Barrels & Drums
Caps & Closures
Aerosols

Glass Packaging
Jars
Bottles
Others

Global Green Packaging Market, By Process Type:

Recycled Content Packaging
Re-Usable Packaging
Degradable Packaging

Global Green Packaging Market, By End-Use Industry:

Food & Beverages
Healthcare
Personal Care & Cosmetics
Others

Based on the end-use industry, green packaging market has been segmented into food & beverages, healthcare, personal care, and cosmetics. In 2016, food & beverages accounted for a major share in the green packaging market and is expected to retain market dominance throughout the forecast period.

One of the major factors fuelling the growth of green packaging market include rising concerns regarding environmental safety. Further, pollution created by conventional plastics has posed a major threat to the marine ecosystem, since there has been numerous incidents where plastic pollution has emerged as one of the leading causes of deaths of marine animals. Further, rapid adoption of green packaging among the end-use industries is another key factor responsible for the growth of the green packaging market.

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This release was published on openPR.