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2022 Environmentally Friendly Packaging Market: Global Industry Growth Factors, Trends, Demand Status And Forecast To 2031
Environmentally Friendly Packaging Market
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The global environmentally friendly packaging market report by the business research company Increasing awareness about environmental concerns among consumers to be a major growth driver for the environmentally friendly packaging market. the environmentally friendly packaging market. People across the world are aware of the current environmental pollution and its drastic effects on the climate. Purchasing environmental friendly packaging by customers decreases plastic usage. According to a study conducted by Mastercard Inc, a USA-based financial technology company, in 2021, across 24 countries, 54% of adults after COVID-19 feel that it is important to decrease their carbon footprint. Furthermore, in 2020, 79% of consumers are changing their purchase habits and buying products based on social responsibility, inclusiveness, or environmental impact. Also, 67% of consumers are more cautious about the scarcity of natural resources due to the COVID-19 crisis. Thus, increasing awareness about environmental concerns among consumers is driving the growth of the environmentally friendly packaging market.
The global environmentally friendly packaging market size is expected to grow from $200.84 billion in 2021 to $214.08 billion in 2022 at a compound annual growth rate (CAGR) of 6.59%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The market is expected to grow to $270.89 billion in 2026 at a compound annual growth rate (CAGR) of 6.06%.
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Western Europe was the largest region in the environmentally friendly packing market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the environmentally friendly packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Major players in the environmentally friendly packaging market are Amcor plc, Bemis Company Inc, Tetra Laval International SA, Mondi, BASF SE, Sonoco Products Company, Smurfit Kappa, Sealed Air, Huhtamaki Oyj, West Rock Company, Gerresheimer AG, Ball Corporaton, Ardagh Group SA, DS Smith, Berry Global Inc, and Reynolds Packaging
The global environmentally friendly packaging market is segmented -
1) By Type: Recycled Content Packaging, Reusable Packaging, Degradable Packaging
2) By Product Type: Bags, Pouches and Sachets, Boxes, Containers, Films, Trays, Tubes, Bottles and Jars, Cans, Other product types
3) By Material Type: Paper and Paper Board, Plastic, Metal, Glass, Starch-Based Materials, Other materials
4) By Technique: Active Packaging, Molded Packaging, Alternate Fiber Packaging, Other techniques
5) By Layer: Primary Packaging, Secondary Packaging, Tertiary Packaging
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The Environmentally friendly packaging market Report Contents Include
1. Executive Summary
2. Environmentally Friendly Packaging Market Characteristics
3. Environmentally Friendly Packaging Market Trends And Strategies
4. Environmentally Friendly Packaging Market - Macro Economic Scenario
5. Environmentally Friendly Packaging Market Size And Growth
.....
26. Africa Environmentally Friendly Packaging Market
27. Environmentally Friendly Packaging Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Environmentally Friendly Packaging Market
29. Environmentally Friendly Packaging Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the environmentally friendly packaging market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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