Press release
Sustainable Packaging Market Expected to Reach USD 518.33 billion by 2030 | Companies- Amcor Plc (Switzerland), Ardagh Group S.A. (Luxembourg), Crown Holdings Inc. (U.S.)
Sustainable Packaging Market
Sustainable packaging refers to development and utilization of sustainable packaging materials to store, ship, wrap, or shelve products that results in enhanced sustainability. The increasing awareness related to environmental issues among consumers and the growing need for such packaging solutions to boost market growth.
Fortune Business Insightsโข mentioned this in a report titled, "Sustainable Packaging Market, 2023-2030."
๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐ซ๐๐ฌ๐๐ง๐ญ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
โถ Amcor Plc (Switzerland)
โถ Ardagh Group S.A. (Luxembourg)
โถ Ball Corporation (U.S.)
โถ Crown Holdings Inc. (U.S.)
โถ DS Smith (U.K.)
โถ Sealed Air Corporation (U.S.)
โถ Mondi Group (U.K.)
โถ Sonoco Products Company (U.S.)
โถ Tetra Pak International S.A. (Switzerland)
โถ WestRock Company (U.S.)
โถ Smurfit Kappa (Ireland)
โถ Huhtamaki Oyj (Finland)
โถ International Paper (U.S.)
โถ Berry Global (U.S.)
โถ Gerresheimer AG (Germany)
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ - https://www.fortunebusinessinsights.com/enquiry/sample/sustainable-packaging-market-108946
๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ
๐๐๐ฌ๐ฒ ๐๐๐๐ฒ๐๐ฅ๐๐๐ข๐ฅ๐ข๐ญ๐ฒ ๐ ๐๐๐ญ๐ฎ๐ซ๐๐ฌ ๐จ๐ ๐๐๐ฉ๐๐ซ & ๐๐๐ฉ๐๐ซ๐๐จ๐๐ซ๐ ๐๐๐ญ๐๐ซ๐ข๐๐ฅ ๐๐จ๐จ๐ฌ๐ญ๐ฌ ๐๐๐ฉ๐๐ซ & ๐๐๐ฉ๐๐ซ๐๐จ๐๐ซ๐ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก
By material, the market is classified into paper & paperboard, glass, plastic, metal, and others. The paper & paperboard segment dominates the market. The paper & paperboard material is a biodegradable and renewable packaging solution as it can be recycled easily.
๐๐๐ง๐๐๐ข๐ญ๐ฌ ๐จ๐ ๐๐๐ ๐ฌ & ๐๐จ๐ฎ๐๐ก๐๐ฌ ๐ญ๐จ ๐๐ซ๐ข๐ฏ๐ ๐๐๐ ๐ฌ & ๐๐จ๐ฎ๐๐ก๐๐ฌ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก
Based on product type, the market is classified into boxes & cartons, bags & pouches, bottles & cans, films & wraps, trays, mailers, and others. The bags & pouches segment dominates the market owing to the benefits offered by bags and pouches, such as transportation and shopping costs and lightweight and compactness.
๐๐ซ๐จ๐ฐ๐ข๐ง๐ ๐๐๐๐ฅ๐ญ๐ก-๐๐จ๐ง๐ฌ๐๐ข๐จ๐ฎ๐ฌ ๐๐จ๐ง๐ฌ๐ฎ๐ฆ๐๐ซ๐ฌ ๐ญ๐จ ๐๐จ๐จ๐ฌ๐ญ ๐ ๐จ๐จ๐ & ๐๐๐ฏ๐๐ซ๐๐ ๐๐ฌ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐๐ฑ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง
By application, the market is segmented into food & beverages, personal care & cosmetics, pharmaceuticals, consumer goods, e-commerce, and others. The food & beverages segment is dominating the market and is expected to grow significantly during the forecast period. The segment's growth is attributed to the increasing health-conscious consumers and increasing consumer health concerns among the food & beverage producers.
Geographically, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
๐๐๐ญ ๐ ๐๐ฎ๐จ๐ญ๐- https://www.fortunebusinessinsights.com/enquiry/get-a-quote/sustainable-packaging-market-108946
๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฏ๐๐ซ๐๐ ๐
The report offers:
Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
Comprehensive insights into regional developments.
List of major industry players.
Key strategies adopted by the market players.
The latest industry developments include product launches, partnerships, mergers, and acquisitions.
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ & ๐๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ
๐๐ง๐๐ซ๐๐๐ฌ๐ข๐ง๐ ๐๐๐ฆ๐๐ง๐ ๐๐จ๐ซ ๐๐จ๐ฆ๐ฉ๐จ๐ฌ๐ญ๐๐๐ฅ๐ ๐๐๐๐ค๐๐ ๐ข๐ง๐ ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ ๐ญ๐จ ๐๐จ๐จ๐ฌ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ฑ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง
The increasing demand for environmentally friendly and compostable packaging solutions owing to the consumers' increasing awareness regarding the environmental issues driving the sustainable packaging market growth. Compostable packaging solutions are important as they diminish a large portion of plastic pollution by driving it away from landfills and waterways.
However, the high costs and limited availability of raw materials that result in producers facing difficulty in planning their production schedules and fulfilling customers' demands, may impede market growth.
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง- https://www.fortunebusinessinsights.com/sustainable-packaging-market-108946
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
๐๐ข๐ฌ๐ข๐ง๐ ๐๐จ๐ฏ๐๐ซ๐ง๐ฆ๐๐ง๐ญ ๐๐๐ ๐ฎ๐ฅ๐๐ญ๐ข๐จ๐ง๐ฌ ๐ญ๐จ ๐๐จ๐จ๐ฌ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ฑ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง ๐ข๐ง ๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐
North America dominates the sustainable packaging market share. The market's growth is attributed to increasing government regulations, changing consumer preferences, the presence of top food packaging companies in the U.S., and the sustainability initiatives that propel market growth.
Asia Pacific is the second leading dominating region and is estimated to experience large growth during the forecast period. The growth is attributed to rising sales of pharmaceutical industries and the large availability of raw materials in the region, which drives market growth.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐
๐๐ซ๐จ๐ฐ๐ข๐ง๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ' ๐ ๐จ๐๐ฎ๐ฌ ๐จ๐ง ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐๐ซ ๐๐๐ฌ๐ ๐๐ฑ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง ๐ญ๐จ ๐๐ซ๐ข๐ฏ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก
The sustainable packaging market comprises key players, such as Amcor Plc, Ardagh Group S.A., Ball Corporation, Crown Holdings Inc., DS Smith, and others. The increasing focus of these key players on their customer base expansion across regions by innovating their existing product range drives the market growth.
๐๐๐ฒ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ
April 2023 - Huhtamaki announced the introduction of a new sustainable flexible packaging innovation. The innovative and sustainable flexible packaging of the company, in PP Retort, Paper, and PE, is transformational and fulfils the increasing demand of the company's consumers and customers.
๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ-
Sustainable Food Service Packaging Market- https://www.fortunebusinessinsights.com/sustainable-food-service-packaging-market-107322
Recycled Packaging Market- https://www.fortunebusinessinsights.com/recyclable-packaging-market-108092
Food Biodegradable Packaging Market- https://www.fortunebusinessinsights.com/food-biodegradable-packaging-market-108078
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Fortune Business Insightsโข offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
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