Press release
Global Sustainable Packaging Market is projected to witness substantial growth, reaching USD 406.66 Bn by 2029.
Sustainable Packaging Market
The objective of the report is to provide a comprehensive analysis of the global Sustainable Packaging Market, catering to the needs of industry stakeholders. The report presents the past and current status of the industry, forecasted market size, and trends in a clear and concise manner. It includes a detailed study of key players, including market leaders, followers, and new entrants. The report utilizes Porter's Five Forces analysis to evaluate the competitive landscape of the market. It offers a clear understanding of market dynamics, structure, and provides insights for decision-makers. The report also includes a research methodology section, explaining the approach used to gather and analyze data.
The Sustainable Packaging Market report provides a comprehensive overview of the current market situation and a forecast until 2029. It includes qualitative and quantitative information on market developments, trends, challenges, competition, and opportunities. The report aims to assist readers in developing business strategies, assessing market competitiveness, and analyzing their position in the current marketplace. The report incorporates Porter's Five Forces analysis to evaluate the competitive landscape. The research methodology encompasses data gathering, analysis, and technological trends to provide an accurate and insightful representation of the global Sustainable Packaging Market.
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What are Sustainable Packaging Market Dynamics:
The South Korean market exhibits strong demand for sustainable packaging solutions driven by factors such as the rapid growth of e-commerce, the popularity of HMR (Home Meal Replacement) products, and the rise in single-person households. South Korea generates half a million tons of waste daily, with packaging waste accounting for 46% of total plastic waste. This has prompted the country to adopt sustainable packaging solutions. The Korean government amended its recycling law, which mandates packaging materials to be graded and evaluated based on their recyclability. As a result, food and beverage companies, among others, are investing in sustainable packaging solutions to meet government regulations and consumer concerns.
In the food processing, personal care, and pharmaceutical sectors, substantial investments are driving the growth of the sustainable packaging market. These industries are increasingly focusing on sustainability and the environment, leading to research and development efforts to create innovative packaging solutions. Biodegradable, compostable, and recyclable packaging materials are being adopted to reduce the environmental impact of packaging waste. Fast-moving consumer goods (FMCG) companies and retailers are proactively committing to improving the sustainability of their packaging systems.
Sustainable Packaging Market Regional Insights:
Europe is expected to be the major contributor to the Sustainable Packaging market in terms of revenue during the forecast period. The region experiences rapid growth driven by increasing consumer demand for environmentally friendly packaging solutions and government regulations to reduce waste and promote sustainability. Paper and cardboard are key sustainable packaging materials in Europe, with many companies using recycled materials to reduce environmental impact. The demand for biodegradable and compostable plastics is also on the rise.
North America is the second-largest growing region in the Sustainable Packaging market, driven by government regulations, consumer preferences, and corporate sustainability initiatives. The region has a mature packaging industry and a growing awareness of the need for sustainable packaging solutions. Many leading companies are setting ambitious sustainability goals and incorporating sustainable packaging practices into their overall strategies. Recycled paper and cardboard are commonly used in North American packaging, supported by a well-established recycling infrastructure.
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What is Sustainable Packaging Market Segmentation:
By Material Type:
Paper and Paperboard
2. Plastics
1. Biodegradable
2. Bio-based
3. Aluminum
4.Others
By Packaging Type:
Rigid Packaging
2. Flexible Packaging
By End User:
Pharmaceutical and Healthcare
2. Cosmetics and Personal Care
3. Food and Beverage
4. Other End Users
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Who are Sustainable Packaging Market Key Players:
Sonoco Products Company
2. Amcor pie
3. Gerresheimer AG
4. Smurfit Kappa
5. Ball Corporation
6. BASF SE
7. Ardagh Group S.A.
8. Crown Holding,Inc.
9. WestRock Company
10. DS Smith
11. Mondi
12. International Paper
13. Berry Global
14. Printpack
15. Sealed Air
16. Stora Enso Oyj
17. Georgia-Pacific
18. Huhtamaki
19. Genpak,LLC
20. Tetra Pak InternationalS.A.
21. Billerud
22. Albea S.A.
23. HCP Packaging
Table of content for the Sustainable Packaging Market includes:
Global Sustainable Packaging: Research Methodology
Global Sustainable Packaging Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
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Global Sustainable Packaging Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Sustainable Packaging Market Segmentation
Global Market, by Material Type (2022-2029)
Global Market, by Packaging Type (2022-2029)
Global Market, by End User (2022-2029)
Regional Sustainable Packaging Market (2022-2029)
Regional Market, by Material Type (2022-2029)
Regional Market, by Packaging Type (2022-2029)
Regional Market, by End User (2022-2029)
Regional Market, by Country (2022-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
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Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Material Type, Packaging Type and End User
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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