Global Green Packaging Market Size was valued at USD 284.1 billion in 2021, and it is expected to reach a value of USD 430.01 billion by 2028, at a CAGR of 6.1% over the forecast period (2022 - 2028) | Government Regulations on single-use plastics and inc

According to the latest research by SkyQuest Technology, the Global Green Packaging Market Size was valued at USD 284.1 billion in 2021, and it is expected to reach a value of USD 430.01 billion by 2028, at a CAGR of 6.1% over the forecast period (2022 - 2028). The research provides up-to-date Green Packaging market analysis of the current market landscape, latest trends, drivers, and overall market environment.

Europe dominated the market in 2021 with a revenue share of 36.7% thanks to stringent regulations on the use of single-use plastics established by the European Union and other European nations. The European Directive introduced the idea of the circular economy while establishing sustainability goals and standards. The circular economy roadmap is being followed by European firms by incorporating recyclable, recycled, and biodegradable products.

The Asia Pacific ranked second in value in 2021 as a result of an increase in government regulations and initiatives that are incentivizing manufacturers to select green packaging. China, the largest manufacturing nation in the world, is changing its packaging procedures and products to be more environmentally friendly. Due to the enormous volume of commodities shipped from China, this move will have a considerable impact on market growth in the region. By 2028 or sooner, the Australian government hopes to have implemented 100 percent recyclable packaging, which will result in a dramatic rise in market value throughout the forecast period.

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North America is equal to the Asia Pacific region in terms of market share because of the strong efforts made by the local governments. The Canadian government has constructed a number of recycling infrastructures to encourage recycling around the country. In order to limit solid waste discharge by 2028, Canada passed a significant ban on the use of polystyrene cups and containers in Vancouver in 2021. Government initiatives that encourage consumer preferences for environmentally friendly goods and packaging are driving demand in the region.

Read market research report, "The global Green Packaging market is segmented based on Packaging type, Application, and Region. Based on Packaging Type the market is further sub-segmented into Recycled, Reusable, Degradable, Based on Application the market is further sub-segmented into Food & Beverages, Healthcare, & By Region - Forecast and Analysis 2022-2028" by SkyQuest

In terms of packaging with recycled material, paper is the next important category because it is frequently used by consumers and is easily accessible. Paper is used in both flexible and rigid packing methods. Paper packaging is being utilized more frequently as a result of enhanced functionality like waterproofing provided by laminates and coatings. Paper is commonly used in bread products and food service applications. The reusable division consists of drums and plastic containers made of durable materials and intended for frequent or prolonged use. Drums are used to transport fluids, typically a variety of chemicals. They have a long shelf life and may be recycled to make other items, such as trash cans. Producing and selling fruits and vegetables in plastic containers is growing in popularity as a result of its toughness, portability, and ease of storage.

Healthcare has shown positive growth despite strict restrictions limiting the safety of product packaging. Due to its inertness and suitability for the packaging of various drugs, glass packaging is frequently utilized in the pharmaceutical industry. Aluminum foil is another typical packaging material utilized by the pharmaceutical industry to wrap capsules and pills. Companies in the market that serve the healthcare application sector are introducing cutting-edge molded pulp packaging products to replace reusable hospital utensils for greater convenience. The demand for disposable eco-friendly alternatives is anticipated to increase as the COVID-19 outbreak places more strain on hospitals.

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The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.

What does this Report Deliver?
Market Estimation for 20+ Countries
Global Green Packaging Market demand by Region, Sub-Region, and Country
Customization on Segments, Regions, and Company Profiles
100+ tables, 150+ Figures
Global, Regional, and Country-specific Green Packaging Market Trends
Comprehensive Mapping of Green Packaging Market Parameters
Attractive Investment Proposition in the Global Green Packaging Market
Competitive Strategies Adopted by Global Green Packaging Market Key Players
Drivers, Restraints, Opportunities, Challenges, and the impact on the Global Green Packaging Market Size
Market growth rate till 2028
Regulatory scenario, regional dynamics, and Global Green Packaging Market insights of leading countries in each region
In-depth Market insights by Region and Country
Market Segmentation Trend Analysis, Opportunities, and Growth
Porter's five force analysis to know the market's condition
Pricing Analysis and Global Green Packaging Market Sales
Parent market analysis
Product portfolio benchmarking

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SkyQuest has segmented the Global Green Packaging Market based on Packaging Type, Application, and Region.
Global Green Packaging Market by Application Outlook (Revenue, USD Billion, 2021 - 2028)
Food & Beverages
Personal Care
Healthcare
Others
Global Green Packaging Market by Packaging Type Outlook (Revenue, USD Billion, 2021 - 2028)
Recycled Content Packaging
Paper
Plastic
Metal
Glass
Others
Reusable Packaging
Drum
Plastic Container
Others
Degradable Packaging

Global Green Packaging Market by Region Outlook (Revenue, USD Billion, 2021 - 2028)
North America
US
Canada
Europe
UK
Germany
Rest of Europe
Asia Pacific
China
India
Japan
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa

Key Players in the Global Green Packaging Market
Amcor(Australia)
Be Green Packaging(US)
DS Smith(UK)
DuPont(US)
Evergreen Packaging(US)
Mondi(UK)
Nampak(South Africa)
Ball Corp.(US)
Sealed Air(US)
Tetra Laval(Switzerland)

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