Sustainable Packaging Market top Key Players – Amcor, Ball, Reynolds Group, Tetra Pak, Mondi, Bemis, Sealed Air, West Rock, DuPont de Nemours, Ardagh Group SA

Sustainable packaging refers to the sourcing, development, and use of packaging solutions that have minimal environmental impact and footprint. It is earth-friendly and does not contribute to the further depletion of natural resources.

Being more sustainable can help you acquire more customers and boost loyalty while you’re at it. Multiple studies have shown that consumers are increasingly factoring in sustainability when choosing which brands to do business with. The US. consumers found that almost 70% of respondents considered sustainability as at least “somewhat important” and almost half (47%) said that they would pay 25% more for sustainable products.

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GLOBAL SUSTAINABLE PACKAGING MARKET DYNAMICS

Eco-friendly initiatives used to be quite novel in the business world. Several years ago, going green was something that only niche or forward-thinking companies would promote. Today, however, engaging in sustainable practices is not something that is nice to do as it has turned increasingly on becoming the standard. Various organizations are calling for more collective, eco-friendly efforts to sustain the planet.

Sustainable design is designing product packaging with the main purpose of doing as little harm to the environment as possible. This can be achieved by using recycled material. Therefore, sustainable design with reusability in mind increases brand loyalty amongst their audience.

Value engineering is the latest induction into the Global Sustainable Packaging Market wherein the process of redesigning packaging from the ground up with the aim of saving money – and believe it or not, most money can be saved by using less packaging. That was the case of Raylo – a London-based start-up which optimized its packaging by using less materials.

GLOBAL SUSTAINABLE PACKAGING MARKET SEGMENTATION

The Global Sustainable Packaging Market can be segmented into following categories for further analysis.

By Packaging Product
• Plastic Production Based
• Paper Production Based
• Corrugated Board Based
• Reinforced material based
• Composite material Based
• Other Materials

By In Product Usage Type
• Foods and Beverages
• High Value Objects / items
• FMCG Products
• Electronic Products
• Fashion Products
• Low Value Software Products
• Hardware Products
• Electrical and Hazardous Products
• Mechanical Products

By Volume Categorization Type
• Large Scale Packaging Provisioners
• Small Scale Packaging Provisioners
• Omni Business Packaging Provisioners
• Medium Scale Packaging Provisioners

By Type of Consumption
• Recyclable Packaging
• Reusable Packaging
• Degradable Packaging

By Consumed Sustainable Material
• SBS – Soldi Bleach Sulphate
• CUK – Coated unbleached Kraft
• Recycled Coated and Uncoated

By Packaging Functions
• Active Packaging
• Moulded Packaging
• Alternate fibre Packaging

By Regional Classification
• Asia Pacific Region – APAC
• Middle East and Gulf Region
• Africa Region
• North America Region
• Europe Region
• Latin America and Caribbean Region

RECENT MARKET TECHNOLOGICAL TRENDS IN GLOBAL SUSTAINABLE PACKAGING MARKET

The strongest trends in the packaging industry all revolve around a circular economy. In the European Union, it is driven primarily by political pressure and consumer perception regarding packaging. China (and now India) are closing their doors to waste, environmental groups are lobbying to stop plastic pollution in the oceans, and the EU continues to strengthen its resource protectionism.

In order to be recycled, post-consumer packaging has to fulfil a long list of requirements (e.g., separability, cleanliness, labelling and coloration). Manufacturers trying to fulfil those requirements may have to use more material and energy when they produce the packaging than they have done up until now.

COMPETITIVE LANDSCAPE

In the recent years of Global Sustainable Packaging Market, there has been an extensive competition being noticed in the research and development of the required packaging improvisation to comply with the environmental standards and basic SOP of Packaging the commodity as required by categorizations.

Sustainability Packaging Companies are focusing more upon integrating the Sustainable packaging technology within the industrial segments. Regulators are moving on the issue, and Fast-Moving Consumer Goods (FMCG) companies and retailers are proactively making bold commitments to improve both the sustainability of their packaging and to fundamentally rethink their packaging systems.

COMPANIES PROFILED

Amcor
Ball
Reynolds Group
Tetra Pak
Mondi
Bemis
Sealed Air
West Rock
DuPont de Nemours
Ardagh Group SA
Plastipak Holdings Inc
Uflex Limited
ELOPAK Group

Read More Information: https://mobilityforesights.com/product/sustainable-packaging-market/

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