Plastic-Free Packaging Market Growing to Unveil a Remarkable CAGR of 7.31% By 2028, Key Drivers, Size, Share, Demand and Opportunity Analysis

The plastic-free packaging market is expected to witness market growth at a rate of 7.31% in the forecast period of 2021 to 2028. Data Bridge Market Research report on plastic-free packaging market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the consciousness towards environment is escalating the growth of plastic-free packaging market.

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Plastic-free packaging refers to the type of packaging products and services that avoid the use of plastics or plastic-based substances in the entire end-use product. These packaging offerings are considered reusable, recyclable, biodegradable/compostable and environmental and promote environmental health. These packaging products use materials such as glass, paper, metals and wood among others.

The rise of various end-users of sustainable plastic packaging across the globe, acts as one of the major factors driving the growth of plastic-free packaging market. The surge in the investment by food and beverage manufacturers in sustainable packaging as end-users are opting for plastic-free packs and the rise in the awareness regarding harmful side-effects to human metabolism among consumers accelerate the market growth. The increase in the consumption of premium products such as cosmetics and personal care utilizing glass packaging and the availability of several distribution channels and e-commerce platforms requiring the packaging, further influence the market. Additionally, ban on plastic bags and other plastic products in several countries, rise in investments in sustainable development and presence of stringent government regulations in using plastics or recycled plastics for food packaging positively affect the plastic-free packaging market. Furthermore, rise in sales of luxury products such as perfumes and alcohol and expansion of e-commerce sector extends profitable opportunities to the market players in the forecast period of 2021 to 2028.

On the other hand, poor infrastructure facilities for recycling and fluctuations in raw material prices are expected to obstruct the market growth. Lack of awareness about the importance of sustainability in some emerging and preference toward non-plastic solutions are projected to challenge the plastic-free packaging market in the forecast period of 2021-2028.

This plastic-free packaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on plastic-free packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

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