Sustainable Packaging Market: The global market is expected to grow at a CAGR of 7.67% during the forecasted period

As per the study initiated by Evolve Business Intelligence, the global Sustainable Packaging market size accounted for USD 101.54 billion in 2022, growing at a CAGR of 7.67% from 2023 to 2033. The Sustainable Packaging market is witnessing rapid growth as companies across various industries increasingly prioritize environmental sustainability. The market is driven by consumer demand for eco-friendly packaging solutions, regulatory initiatives promoting sustainable practices, and the growing awareness of the environmental impact of packaging waste. Sustainable packaging focuses on reducing materials, utilizing recyclable or biodegradable materials, and adopting innovative designs to minimize environmental footprint while maintaining product integrity.
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Key Highlights:
• The global Sustainable Packaging Market size was valued at USD 101.54 billion in 2022 growing at a CAGR of 7.67% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has recently released a new market research report on the Global Sustainable Packaging Market. The report covers a wide range of aspects, such as market size and forecast, market dynamics, analysis of competitors' market share, value and volume of the market, SWOT analysis, product benchmarking, recent developments of key players, and potential opportunities. Additionally, the market has been assessed based on four indicators in the market dynamic chapter, including Drivers, Restraints, Key Trends, and Challenges.
In terms of COVID 19 impact, the Sustainable Packaging market report also includes the following data points:
• COVID19 Impact on Sustainable Packaging market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Sustainable Packaging market
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Key Players
Some of the major Sustainable Packaging players holding high market share include Amcor Plc, Stora Enso Oyj., Berry Global Inc. and Huhtamaki Oyj.These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
o Amcor Plc
o Stora Enso Oyj.
o Berry Global Inc.
o Huhtamaki Oyj.
o WestRock LLC
o DS Smith Plc
o The Mondi Group plc
o International Paper Company
o Detmold Group
o Sealed Air Corporation
o Dart Container Corporation
o Duni AB
o Vegware Ltd.
o Pactiv LLC
o RKW Group
o Novolex Holdings, Inc
Segmental Analysis
Market Segment By Material Type with focus on market share, consumption trend, and growth rate of Sustainable Packaging Market:
• Paper & Paperboard
o Coated Unbleached
o Bleached Paperboard
o Molded Fiber Pulp
o Kraft Paper
o Corrugated Board/Boxboard
• Plastic
o Poly Lactic Acid (PLA)
o Polybutylene Succinate (PBS)
o Polyhydroxyalkanoates (PHAs)
o Starch based Plastics
o Others (PVA, PVOH, PBAT, etc.)
• Metal
o Steel
o Aluminium
• Glass
• Fabric
• Wood

Market Segment By Packaging Type with focus on market share, consumption trend, and growth rate of Sustainable Packaging Market:
• Bags & Sacks
• Trays & Clamshells
• Cartons & Boxes
• Cans
• Bottles & Jars
• Films & Wraps
• Pouches & Sachets
• Drums
• IBC
• Vials & Ampoules
• Tapes & Labels
• Others (Jerry Cans, Bowls, Cutlery, etc.)
Market Segment By Distribution Channel with focus on market share, consumption trend, and growth rate of Sustainable Packaging Market:
• Manufacturer (Direct Sales)
• Distributors
• Retailers
Market Segment By End Use with focus on market share, consumption trend, and growth rate of Sustainable Packaging Market:
• Food
o Bakery & Confectionery
o Dairy
o Fresh Produce
o Snack Food
o Other Processed Food
• Beverages
o Non-alcoholic
o Alcoholic
• Cosmetics & Personal Care
• Chemical
• Healthcare
• Agriculture
• Other Industrial

For more information: https://evolvebi.com/product/sustainable-packaging-market-analysis-and-global-forecast-2021-2028-with-covid-impact-analysis/
Global Sustainable Packaging Geographic Coverage:
• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Nordic Countries
o Benelux
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Australia
o Rest of Asia Pacific
• Middle East and Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
Reasons to Buy this Report:
• Detail analysis of the impact of market drivers, restraints, and opportunities
• Competitive Intelligence provides an understanding of the ecosystem
• Details analysis of the Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning

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