Press release
Sustainable Packaging Market Elevation Scaling New Heights with Dazzling Trends | CAGR of 7.4%
Sustainable Packaging Market
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Market Overview:
- Forecast Period: 2022-2031
- Base Year: 2021
- Market Size in 2021: $93.6 Billion
- Market Size in 2031: $190.6 Billion
- CAGR: 7.4%
- Report Length: 347 Pages
- Segments Covered: Material Type, Packaging Type, End Use, and Region
Key Drivers and Opportunities:
Drivers:
Growing environmental concerns among consumers.
Increased demand for eco-friendly packaging for organic foods.
Opportunities:
Focus on developing bio-based PVC by industry players.
Advancements in technologies for sustainable plastic packaging.
Restraints:
Non-biodegradable plastic bags, being cost-effective and widely used, pose a challenge for packaging companies in balancing sales volume and production capacity.
Detailed Market Segmentation:
By Material Type:
- Paper and Paperboard: Largest share in 2021, over two-fifths of the market.
- Others: Fastest CAGR of 8.2% during the forecast period.
Plastics and Aluminum: Also analyzed in the report.
By Packaging Type:
- Rigid Packaging: Largest market share in 2021, nearly three-fifths of the market.
- Flexible Packaging: Expected to have the fastest CAGR of 7.6% through 2031.
By End Use:
- Food and Beverage: Largest market share in 2021, nearly two-thirds of the market.
- Healthcare and Pharmaceuticals: Fastest CAGR of 8.3% through 2031.
- Personal Care and Others: Also studied in the report.
Regional Analysis:
- Asia-Pacific: Largest market in 2021, over two-fifths of the global market. Expected to maintain dominance and exhibit the highest CAGR of 7.8% from 2022 to 2031.
- Other Regions: North America, Europe, and LAMEA also analyzed.
Key Market Players:
The report examines leading players in the sustainable packaging market, including Amcor plc, Ardagh Group S.A., Ball Corporation, BASF SE, Crown Holdings, Inc., DS Smith Plc, Elopak AS, Emerald Packaging, Mondi Plc, Nampak Ltd., Plastipak Holdings, Inc., Sealed Air Corporation, SGF Packaging Co., Ltd., Smurfit Kappa Group Plc, Sonoco Products Company, Tetra Pak, and WestRock Company. These companies employ strategies like expansion, new product launches, and partnerships to enhance market penetration and solidify their industry positions.
𝐎𝐛𝐭𝐚𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: 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
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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.
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