Sustainable Plastic Packaging Market Growth Factors, Segmentation, Trends, Opportunities, Key Players and Forecast | Evolve Business Intelligence

As per the study initiated by Evolve Business Intelligence, the global Sustainable Plastic Packaging Market size accounted for USD 250.2 Billion in 2022, growing at a CAGR of 5.3% from 2022 to 2030. Sustainable Plastic Packaging Market refers to the segment of the packaging industry that focuses on the development, production, and utilization of plastic packaging materials and solutions with a commitment to environmental sustainability. Sustainable plastic packaging aims to minimize the negative environmental impact associated with traditional plastic packaging, such as pollution, resource depletion, and contribution to climate change.
Request/Download PDF Sample: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=021343
The sustainable plastic packaging market has gained prominence due to increased awareness of environmental issues, regulatory pressures, and consumer demand for eco-friendly products. As a result, businesses are investing in research and development to create packaging solutions that strike a balance between functionality, cost-effectiveness, and environmental responsibility.
Key Players
Some of the major Sustainable Plastic Packaging Market players holding high market shares include Amcor PLC, Sonoco Products Company, Sealed Air Corporation, Huhtamaki OYJ and Berry Global Inc. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Plastipak Holdings Inc., Bemis Company Inc. and UFlex Limited.
Report Description: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=021343
Segmental Analysis
Based on Packaging Type, the Ports and Terminal Operation Market is segmented into Rigid, Flexible, and Industrial. The Flexible Segment is anticipated to account for the large market share. The demand for flexible plastic materials has skyrocketed in industries such as food and beverages, electrical, consumer electronics, and e-commerce. This has led to a rise in the market growth of plastic materials across the world.
Based on Process, the Ports and Terminal Operation Market is segmented into Recyclable, Reusable, and Biodegradable. The Recyclable segment is expected to hold the largest market share. With increased collection and processing capacity and the need to use recycled content packaging to prove environmental sustainability and distinction, there will be greater popularity of recycled content packaging.
Based on End User, the Ports and Terminal Operation Market is segmented into Food & beverage, Personal care and Healthcare. The Food and Beverage segment is expected to hold the largest market share. Food and beverage packaging play a central role in the food industry. It helps preserve the quality and life of food products by reducing their waste, increasing shelf-life, and reusing containers. Major corporations around the world are aiming for more sustainable packaging options after finding that other materials cannot effectively be reused.
Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

Address
Evolve Business Intelligence
C-218, 2nd floor, M-Cube
Gujarat 396191
India
Email: sales@evolvebi.com
Website: https://evolvebi.com/

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune's global 2000 companies.

This release was published on openPR.