Green Packaging Market to Witness a Strong 5.42% CAGR Through 2023 | Leading Players- Amcor, Bemis, Tetra Laval International, Mondi, WestRock, BASF, Sonoco, Smurfit Kappa and Huhtamaki

Global Green Packaging Market, By Packaging type (Recycled Content Packaging, Degradable Packaging) By Application (Food & Beverage, Health Care, Personal Care and Other) - Forecast 2017-2023.

The key players of global green packaging market include Amcor Limited (Australia), Bemis Company, Inc. (U.S.), Tetra Laval International S.A. (Switzerland), Mondi Plc (South Africa), WestRock Company (U.S.), BASF SE (Germany), Sonoco Products Company (U.S.), Smurfit Kappa Group PLC (U.S.), Sealed Air Corporation (U.S.), and Huhtamaki OYJ (Finland).

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Market Synopsis of Green Packaging Market:

Green packaging is also known as sustainable packaging. Manufacture of packaging requires energy and creates waste, thus making it non sustainable. However, designers can make packaging sustainable by considering the environmental impacts during manufacture, usage and disposal. Stringent government regulations and legislation, forcing manufacturers to choose sustainable packaging options over the conventional packaging are the major drivers for the growth of the green packaging market. Changing preferences towards more sustainable packaging materials, increase urbanization are some of the factors pushing the market towards growth.

The high cost of production and fluctuating raw material prices may hinder the growth of the industry. Moreover, factors such as poor recycling facilities and the strict recycling acts are Undermining the potentials of the market. The global market for global green packaging market is expected to grow over the CAGR of around 5.42 % during the forecasted period.

Market Segmentation

The green packaging market is segmented on the basis of packaging and application.

By packaging, the market is segmented into recycled content and degradable packaging. Recycled content packaging is highly favorable globally due to increasing urbanization. Apart from this, the manufacturing process of recycled content packaging is highly efficient and helps in minimizing the detrimental impact of factories on the environment. These factors can drive the recycled content packaging segment growth.

Based on application, the market is segmented into food & beverage, healthcare, personal care, and others. Personal care and beauty companies have been using green packaging in order to make packaging more sustainable. Moreover, green packaging keeps the personal care product stay fresh for a long time with an extended shelf-life. These factors have propelled the personal care green packaging market to great heights. The food and beverage packaging segment has a significant share in green packaging market owing to high demand for dairy products. Also, increasing demand for raw milk, yogurt, cheese, and other dairy products accelerates the growth of this segment in the global market.

Regional Analysis

Geographically, the segments of green packaging market are North America, Europe, Asia Pacific, and Rest-of-the-World (RoW).

MRFR analyzes that North America is leading the green packaging market with the United States being the leading contributor. Immense demand from industrial and manufacturing sectors in this region positively impacts the market. Moreover, rising awareness among consumers coupled with green packaging adopted across various industries such as fast moving consumer goods (FMCG) and personal body care can open new avenues for the green packaging market in this region.

The Asia Pacific region, on the other hand, is estimated to be the fastest growing market due to favorable government policies can facilitate the large-scale use of eco-friendly packaging in many countries in the region, thus allowing the green packaging market to create a stronghold in the region. Presence of large consumer base as well as growing government focus on adoption of eco-friendly solutions. Furthermore, manufacturers are becoming increasingly aware of the negative impact of non-biodegradable packaging and turning to green packaging for their products. For instance, L’Oreal and Alibaba Group in China are making a joint effort to reduce waste by using green packaging for all L’Oreal products sold in China.

Target Audience:

• Manufactures
• Raw Materials Suppliers
• Aftermarket suppliers
• Research Institute
• Potential Investors

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Scope of Report

The report for Global Green Packaging Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Table of Contents:

1 Executive Summary

2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model

3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis

Continued.........

List of Tables

Table 1 Global Green Packagingmarket, by Type
Table 2 Global Green Packagingmarket, by Packaging Type
Table 3 Global Green Packagingmarket, by Application
Table 4 Global Green Packagingmarket, by Regions
Table 5 North America Green Packagingmarket, by Type
Table 6 North America Green Packagingmarket, by Packaging Type
Table 7 North America Green Packagingmarket, by Application
Table 8 U.s. Green Packagingmarket, by Type
Table 9 U.s. Green Packagingmarket, by Packaging Type

Continued......

List of Figures

Figure 1 Research Application
Figure 2 Global Green Packaging Market: by Type (%)
Figure 3 Global Green Packaging Market: by Packaging Type (%)
Figure 4 Global Green Packaging Market: by Application (%)
Figure 5 Global Green Packaging Market: by Region
Figure 6 North America Green Packagingmarket, by Type (%)
Figure 7 North America Green Packagingmarket, by Packaging Type (%)

Continued......

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