Green Packaging Market to Soar to $337.5 Billion by 2031, Driven by Surge in Sustainable Practices

According to a new report published by Allied Market Research, titled, "Green Packaging Market by Application and Packaging Type: Global Opportunity Analysis and Industry Forecast, 2022-2031," the global green packaging market size was valued at $1,64,176.6 million in 2020, and is projected to reach $3,37,542.0 million by 2031, registering a CAGR of 6.6% from 2022 to 2031.

📍𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 : https://www.alliedmarketresearch.com/request-sample/343

Food & beverage along with others have accounted for more than three-fourths of overall share in the application segment. Rise in hygiene & health awareness among consumers has escalated the demand for green packaging with applications in sustainable packaging. Moreover, stringent government regulation on nondegradable plastics along with increase in demand for recycled packaging products have favored the green packaging market trends. Furthermore, reverse logistics in packaging industry has made it easier to move municipal garbage to recycling plants.

A wide range of oil-based polymer is currently used in packaging applications. This material is nonbiodegradable in nature and is difficult to recycle or reuse as it can become contaminated. Biodegradable plastics were developed from renewable resources to overcome the drawbacks of nonbiodegradable products.

According to the global green packaging market analysis, the market is divided by application, packaging type, material and geographical division. By application, it comprises personal care packaging, health care packaging, food & beverage packaging, and others. By packaging type, it includes recycled content packaging, reusable packaging, and degradable packaging. Based on the material, the market is segmented into plastic, metal, glass and others. By geography, it includes North America, Europe, Asia-Pacific, and LAMEA markets. Further, the report also covers the strategies adopted by key market players in order to sustain competitive environment and increase their market share.

The recycle content packaging segment held the major green packaging market share and is likely to remain dominant throughout the green packaging market forecast period. Biodegradable products associated with bioplastics have flourished in healthcare and pharmaceutical applications, and are accepted as an alternative for polymer oil-based products. In addition, reverse logistics along with increase in number of legislations for ecological packaging techniques facilitated the recycle of municipal wastes.

📍𝐓𝐚𝐥𝐤 𝐭𝐨 𝐨𝐮𝐫 𝐄𝐱𝐩𝐞𝐫𝐭 : https://www.alliedmarketresearch.com/connect-to-analyst/343

𝐓𝐡𝐞 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐖𝐫𝐚𝐩 𝐟𝐨𝐫 𝐚 𝐇𝐞𝐚𝐥𝐭𝐡𝐲 𝐏𝐥𝐚𝐧𝐞𝐭
Green packaging, also known as sustainable packaging, is the future of responsible product protection. It prioritizes materials and practices that minimize environmental impact throughout a product's lifecycle.

📍𝐄𝐜𝐨-𝐅𝐫𝐢𝐞𝐧𝐝𝐥𝐲 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬:
• Recycled Content: Utilizing post-consumer or pre-consumer recycled materials reduces reliance on virgin resources and lowers energy consumption during production.
• Biodegradable Materials: Packaging made from plant-based materials like bamboo, mushroom mycelium, or cellulose breaks down naturally after use, minimizing landfill waste.
• Compostable Options: These materials decompose into nutrient-rich organic matter, returning valuable resources back to the earth.

📍𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐃𝐞𝐬𝐢𝐠𝐧:
• Minimalist Approach: Using the least amount of material necessary to effectively protect the product reduces overall environmental footprint.
• Multi-Functional Packaging: Designing packaging that serves a secondary purpose after use, like reusable containers or seed packets embedded in paper, extends its lifespan.
• Easy Recycling: Clearly labeling packaging with recycling symbols and instructions encourages proper disposal and facilitates the recycling process.

📍𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐨𝐟 𝐆𝐫𝐞𝐞𝐧 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠:
• Reduced Environmental Impact: Lowers reliance on virgin resources, minimizes landfill waste, and reduces greenhouse gas emissions.
• Enhanced Brand Image: Consumers increasingly value sustainability, and using green packaging can positively impact brand perception.
• Cost Savings: In some cases, using recycled materials or minimizing packaging can lead to cost reductions.

📍𝐓𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐆𝐫𝐞𝐞𝐧 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠:
• Innovation in Materials: Research and development are continuously seeking new, even more sustainable packaging materials with improved functionality.
• Circular Economy: The goal is to create a closed-loop system where packaging is either reused, composted, or recycled back into new packaging materials.
• Consumer Education: Raising awareness about green packaging and responsible disposal practices is crucial for maximizing its effectiveness.

By embracing green packaging solutions, businesses can contribute to a healthier planet, enhance their brand image, and potentially reduce costs. It's a win-win for businesses and the environment.

📍𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐒𝐭𝐮𝐝𝐲

► Recycled content packaging held the major share in the market accounting near 60% of the total green packaging market.
► The European region is expected to continue to lead the market followed by North America during the forecast period.
► The North America along with Asia-Pacific account for more than half of the total share in 2020.

📍𝐁𝐮𝐲 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 (𝟑𝟐𝟎 𝐏𝐚𝐠𝐞𝐬 𝐏𝐃𝐅 𝐰𝐢𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐂𝐡𝐚𝐫𝐭𝐬, 𝐓𝐚𝐛𝐥𝐞𝐬, 𝐚𝐧𝐝 𝐅𝐢𝐠𝐮𝐫𝐞𝐬) @ https://www.alliedmarketresearch.com/checkout-final/6b22b2227898c0fa7259d9fc07a053ee

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