Sustainable Packaging Market Rising to the Occasion Market Size's Path to New Heights

According to a recent report by Allied Market Research, the global sustainable packaging market experienced significant growth, generating $93.6 billion in 2021. It is projected to reach $190.6 billion by 2031, with a Compound Annual Growth Rate (CAGR) of 7.4% from 2022 to 2031. The report provides a comprehensive analysis of market trends, segments, investment opportunities, value chains, regional dynamics, and competitive landscape, offering valuable insights for market players, investors, and stakeholders to devise effective strategies.

Get Sample PDF Brochure @ https://www.alliedmarketresearch.com/request-sample/17613

Key Findings:

Market Size and Growth: The market size was $93.6 billion in 2021 and is estimated to reach $190.6 billion by 2031, witnessing a CAGR of 7.4% during the forecast period.

Drivers: Factors such as growing environmental concerns among consumers and increased demand for eco-friendly packaging for organic foods are driving market growth.

Opportunities: Opportunities in the market include the development of bio-based PVC and the integration of novel technologies into sustainable plastic packaging.

Restraints: Challenges include the dominance of non-biodegradable plastic bags due to their cost advantages, posing difficulties for packaging companies in balancing sales volume and production capacity.

COVID-19 Impact:

The pandemic initially caused disruptions in production due to lockdowns but led to significant growth post-lockdowns.
Increased usage of sustainable packaging products was observed across various industries, including food & beverage, healthcare, cosmetics & personal care, and e-commerce.

Segmentation:

- Material Type: Paper and paperboard dominated the market in 2021 and are expected to continue leading through 2031, with other segments, particularly plastics and aluminum, also discussed.
- Packaging Type: Rigid packaging held the largest market share in 2021, with flexible packaging projected to achieve the fastest growth during the forecast period.
- End Use: The food and beverage segment led the market in 2021 and is expected to maintain its dominance, while the healthcare and pharmaceuticals segment is anticipated to grow the fastest.
- Region: Asia-Pacific was the largest market in 2021 and is expected to witness the highest CAGR, followed by North America, Europe, and LAMEA.

Key Players:

Leading players in the global sustainable packaging market include Amcor plc, Ardagh Group S.A., Ball Corporation, BASF SE, Crown Holdings, Inc., DS Smith Plc, and others. These players have adopted various strategies such as expansion, new product launches, and partnerships to strengthen their market position.

The report provides in-depth analysis and insights into the performance, operating segments, product portfolio, and developments of these key players.

For access to statistical data, graphs, and key players' strategies, interested parties can refer to the full report @ https://www.alliedmarketresearch.com/sustainable-packaging-market-A17195

Contact:

David Correa

United States

1209 Orange Street,

Corporation Trust Center,

Wilmington, New Castle,

Delaware 19801 USA.

Int'l: +1-503-894-6022

Toll Free: +1-800-792-5285

Fax: +1-800-792-5285

help@alliedmarketresearch.com

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.