Sustainable Packaging Market 2021 Competitive Insights - Amcor Limited, Westrock Company, TetraPak International S.A., Sonoco Products Company

The Sustainable Packaging Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The sustainable packaging market is expected to grow at a CAGR of 9.25% over the forecast period (2021-2026).

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Top Leading Companies of Sustainable Packaging Market are Amcor Limited, Westrock Company, TetraPak International S.A., Sonoco Products Company, Smurfit Kappa Group PLC, Sealed Air Corporation, Mondi PLC, Huhtamaki OYJ, BASF SE, Ardagh Group S.A, Ball Corporation, Crown Holdings, Inc., DS Smith Plc, Genpak LLC and others.

Industry News and Updates

April 2019 - Amcor launched, its AmLite Ultra Recyclable product line, it is their first packaging product made from the company's revolutionary and sustainable high-barrier polyolefin film. The new high-barrier laminate can package a range of food, home, and personal care, and pharmaceutical products, and be recycled in existing polyolefin recycling streams. The company has also claimed that their new high-barrier flexible packaging can reduce the carbon footprint by up to 64%.

June 2018- Sealed Air Corporation and Kuraray America, Inc. entered into an agreement to supply Plantic bio-based resins for food packaging. The company has claimed that the plantic materials will set a new standard for bio-based barrier packaging performance, provide unmatched sustainability metrics, and can be recycled through traditional streams.

Key Market Trends

Shift in Consumer Preferences Towards Recyclable and Eco-Friendly Materials

- According to a study by the Ellen MacArthur Foundation, around 8 million ton of plastic waste ends up in oceans every year, globally. The report also predicts plastic debris will outweigh fish by 2050, unless drastic actions are taken.

- Much of the floating waste collects in several large ocean vortices far from land. It is estimated that 95% of the plastic packaging material is lost to the economy after a short single-use cycle, at a cost of USD 80-120 billion. A sizeable share of the plastic that ends up in oceans takes an even higher toll, in terms of cost and health.

- This is leading to consumers and governments, in many countries, taking action toward recycling environmental wastes. Recently, countries like India (some of the states) have banned the usage of plastic packaging. Similarly, every major supermarket in Britain pledged to eradicate unnecessary single-use plastics by 2025, under the UK Plastics Pact.

Regional Outlook of Sustainable Packaging Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Sustainable Packaging Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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