Press release
"Sustainability in Plastic Manufacturing Market Growth Driven by Consumer Demand for Eco-Friendly Packaging Solutions
Sustainability in Plastic Manufacturing Market
According to the latest research by InsightAce Analytic, the Global Sustainability in Plastic Manufacturing Market is expected to increase with a CAGR of 14.3% during the forecast period of 2024-2031.
Get Free Access to Demo Report, Excel Pivot and ToC: https://www.insightaceanalytic.com/request-sample/2391
The production of plastic in an environmentally sustainable manner is a complex and multifaceted challenge that requires collaboration across various industries, governments, and communities. By adopting these strategies, the plastics sector can make significant strides toward a more sustainable future, contributing meaningfully to global efforts in combating plastic pollution and addressing climate change. Achieving sustainable plastic manufacturing necessitates a holistic approach that encompasses all phases of the product life cycle, from sourcing raw materials to managing disposal or recycling at the product's end of life.
The growth of this sector is largely driven by government initiatives that enforce stringent regulations on single-use plastics. Additionally, businesses are increasingly recognizing the importance of reducing their environmental impact to protect their reputation and attract environmentally conscious consumers. Moreover, the growing global awareness of plastic pollution is accelerating the shift toward sustainable manufacturing practices, further stimulating market growth.
List of Prominent Players in the Sustainability in Plastic Manufacturing Market:
• Novamont S.p.A.
• Bemis Manufacturing Company
• WestRock Company
• Amcor plc
• BASF SE
• Crown
• Sonoco Products Company
• Berry Global Inc.
• Mondi
• Smurfit Kappa
• Constantia Flexibles
• Uflex Ltd.
• Huhtamaki OYJ
• Sealed Air Corporation
• Natureworks Llc.
• Phoenix Technologies International Llc.
• Innovia Films
• Essel Propack
• Gerresheimer AG
• Tetra Laval
• Reynolds Packaging
• Other Prominent Players
Expert Knowledge, Just a Click Away: https://calendly.com/insightaceanalytic/30min?month=2025-01
Market Dynamics:
Drivers:
The adoption of environmentally responsible production practices in the plastics industry is being driven by an increasing consumer awareness of environmental issues and a growing demand for sustainable products. This trend reflects a heightened consciousness about sustainability, compelling companies to prioritize eco-friendly manufacturing methods in response to consumer demand for more responsible and conscientious practices. Moreover, governments and regulatory bodies worldwide are implementing stringent regulations to address plastic waste and promote sustainability, prompting businesses in the plastics manufacturing sector to adopt green practices and develop sustainable alternatives. These factors are contributing to the growth of the market.
Challenges:
Despite the growth in the sustainable plastics market, challenges related to recycling efficiency pose significant barriers. The integration of sustainable plastics with conventional materials leads to reduced recycling efficiency, which increases processing costs and diminishes the attractiveness for recyclers. Furthermore, the higher production costs associated with sustainable plastics impact their affordability and accessibility for both consumers and businesses. These factors are hindering the full growth potential of the sustainable plastic manufacturing sector.
Regional Trends:
North America is anticipated to hold a substantial share of the sustainability market in plastic manufacturing, with significant growth expected in the near future. This expansion is driven by rising consumer demand for eco-friendly products and increased awareness of environmental sustainability. Government regulations and initiatives aimed at reducing plastic pollution have further accelerated the adoption of sustainable alternatives in the region. Additionally, the Asia Pacific market has experienced notable growth, fueled by increased consumption and production of sustainable plastic packaging driven by urbanization and population growth. As consumers become more environmentally conscious, the demand for eco-friendly and sustainable packaging solutions in the region continues to rise.
Unlock Your GTM Strategy: https://www.insightaceanalytic.com/customisation/2391
Recent Developments:
• In Nov 2023, A Memorandum of Understanding (MOU) has been established between Amcor and NOVA Chemicals Corporation, a prominent manufacturer of sustainable polyethylene. The procurement of mechanically recycled polyethylene resin (rPE) for use in flexible packaging films is stipulated in the agreement. In order to promote packaging circularity, Amcor has prioritized the expansion of rPE usage in flexible packaging applications.
• In June 2021, A new line of sustainable produce packaging has been introduced by WestRock. The sustainable wood fibre was utilized in the production of the organization's new packaging collection. By virtue of being curbside recyclable when emptied and compressed, the new packaging, according to WestRock, enabled the organization to reduce waste and create a product line that is one hundred percent reusable, recyclable, and compostable.
Segmentation of Sustainability in Plastic Manufacturing Market-
By Type-
• Biodegradable Plastic
• Recycled Plastic
• Bio-based Plastic
By Function-
• Alternate Fiber
• Molded Pulp
• Others
By Product Type-
• Bottles and Jars
• Boxes
• Bags
• Trays
• Films
• Pouches and Sachets
• Others
By End User Industry-
• Food & Beverages
• Chemical
• Pharmaceutical
• Automobile
• Electronics
• Agriculture
• Personal Care
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
Read Overview Report- https://www.insightaceanalytic.com/report/sustainability-in-plastic-manufacturing-market-/2391
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
info@insightaceanalytic.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release "Sustainability in Plastic Manufacturing Market Growth Driven by Consumer Demand for Eco-Friendly Packaging Solutions here
News-ID: 4002650 • Views: …
More Releases from Insightace Analytic Pvt Ltd.
4PL Logistics Market Revenue Report with Forecast to 2034
"4PL Logistics Market" in terms of revenue was estimated to be worth $59.6 Billion in 2024 and is poised to reach $133.3 Billion by 2034, growing at a CAGR of 8.5% from 2025 to 2034 according to a new report by InsightAce Analytic.
Get Free Sample Report @
https://www.insightaceanalytic.com/request-sample/1609
Latest Drivers Restraint and Opportunities Market Snapshot:
Key factors influencing the global 4PL Logistics Market are:
• Rapid growth of automotive the…
Heavy-Duty Autonomous Vehicle Market Exclusive Trends Analysis with Forecast to …
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Heavy-Duty Autonomous Vehicle Market- (By Application (Logistics, Public Transportation, Construction and Mining, Others), By Propulsion Type (Internal Combustion Engine Vehicles, Electric Vehicles), By Vehicle Type (Heavy Trucks, Heavy Buses, Roboshuttles), By Level of Autonomy (Fully Autonomous Vehicles, Semi-Autonomous Vehicles), By Sensor Type (LiDAR, RADAR, Camera, Others)) Trends, Industry Competition Analysis, Revenue and Forecast To 2034."
According…
E-Commerce Logistics Market Exclusive Report with Detailed Study Analysis
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global E-Commerce Logistics Market Size, Share & Trends Analysis Report By Service Type (Transportation And Warehousing) And Operational Area (International And Domestic)- Market Outlook And Industry Analysis 2034"
The global e-commerce logistics market is estimated to reach over USD 5340.2 billion by 2034, exhibiting a CAGR of 26.4% during the forecast period.
Request For Free Sample Pages:…
E-bikes Market Exclusive Report on the Latest Revenue and Future Scope
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global E-bikes Market Size, Share & Trends Analysis Report By Class (Class-I, Class-II, Class-III), Speed (Up to 25km/h, 25-45 km/h), Battery Type (Lithium-ion, Lithium-ion Polymer, Lead Acid), Mode (Pedal Assist, Throttle), Component (batteries, electric motors, frames with forks, wheels, crank gears, brake systems and motor controllers) , Motor Type (hub and mid), Usage (mountain, trekking, city/urban,…
More Releases for Plastic
Plastic bottles at events - Better party with plastic
Partying, dancing, camping - festivals attract hundreds of thousands of visitors every year in Germany alone. One challenge: supply and safety. For this reason, drinks in glass bottles are banned at most events due to the risk of injury. Lightweight and unbreakable plastic bottles, on the other hand, are considered a safe and practical alternative. Not only that: they can even be used to make a musical instrument.
Festivals or pageants…
Plastic Pallet With Plastic Crate Use: Efficient Material Handling
When it comes to efficient moving and storage of goods, a combination of plastic pallets [https://www.agriculture-solution.com/plastic-pallet/]and plastic crates is a popular choice. They are widely used in various industries such as manufacturing, retail, agriculture, etc. for storage and transportation of goods. Plastic pallets are designed to provide a stable base for stacking and shipping goods, while plastic crates provide safe and protective containers for stored or transported items. Plastic pallets…
Plastic Granules Market to Witness Massive Growth by Balaji Plastic, Navkar Indu …
The Worldwide Plastic Granules Market has witnessed continuous growth in the past few years and is projected to grow at a good pace during the forecast period of 2023-2029. The exploration provides a 360° view and insights, highlighting major outcomes of Worldwide Plastic Granules industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improve profitability. Additionally, the study helps venture or emerging…
Insights on the Growth of Plastic Granules Market 2018 to 2025 | Profiling Key C …
UpMarketResearch offers a Latest report on “Plastic Granules Market Analysis & Forecast 2018-2025” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 114 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
Request Sample Copy of This Report@ https://www.upmarketresearch.com/home/requested_sample/49052
Plastic Granules research report delivers a close watch on leading competitors with strategic…
Agriculture Film Market SWOT Analysis of Leading Key Players Shandong Tianhe Pla …
HTF MI recently introduced Global Agriculture Film Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are British Polythene Industries (BPI), Trioplast, Berry Plastics, Armando Alvarez, Polypak, Barbier…
Building Materials Market 218 : Hepworth, National Plastic Industry, Hira Indust …
Building materials in this report covered the PVC pipes and fittings, PPR pipes and fittings, PE pipes and fittings, fabrication, ducts systems for infrastructure, valves and pumps and electrical conduits PVC systems.
At present, Hepworth, National Plastic Industry, Hira Industries, Florance Plastic Industries, Polyfab Plastic Industry, MPI, Union Pipes Industry, ANABEEB, Borouge and ACO Group are the UAE leading suppliers of the building materials, and top ten of them shared about…
