Sustainable packaging Market 2023 Recent Scope, Growing Popularity and Emerging Trends in the Market

Sustainable packaging is packaging that has a reduced impact on the environment and is designed to minimize waste, reduce carbon emissions, and conserve resources. One of the most important demands in sustainable packaging is that it is recyclable. This means that it can be easily collected, sorted, and processed into new materials, reducing the amount of waste sent to landfills.

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Companies Profiled in this report includes:

Amcor plc
Ardagh Group S. A.
BASF SE
WestRock Company
Elopak AS
Mondi Limited
Plastipak Holdings, Inc.
Sealed Air Corporation
Tetra Pak International SA
Uflex Limited

The growth of sustainable packaging has been driven by several factors, including increasing environmental awareness, changing consumer preferences, and government regulations.

Environmental awareness has led to a greater understanding of the impact of traditional packaging materials, such as plastic, on the environment. This has driven demand for sustainable packaging solutions that are designed to minimize waste, reduce carbon emissions, and conserve resources.

Changing consumer preferences have also played a significant role in driving the growth of sustainable packaging. Consumers are increasingly looking for products that are environmentally friendly and sustainable, and are willing to pay more for them. This has led companies to invest in sustainable packaging solutions as a way to differentiate themselves in the market and meet consumer demand.

Government regulations have also played a role in driving the growth of sustainable packaging. Many governments around the world have introduced regulations to reduce the use of plastic and other non-sustainable packaging materials, and to encourage the use of more sustainable alternatives. This has created a regulatory environment that has incentivized companies to invest in sustainable packaging solutions.

As a result of these factors, the market for sustainable packaging has grown significantly in recent years, and is expected to continue to grow in the future. According to some estimates, the global sustainable packaging market is expected to reach $244.9 billion by 2027, with a compound annual growth rate of 7.8%. This growth is being driven by a range of sustainable packaging solutions, including biodegradable plastics, compostable packaging, recycled materials, and reusable packaging.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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