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Green Packaging Market - An Insight On The Important Factors And Trends Influencing The Market

01-12-2017 02:12 PM CET | Fashion, Lifestyle, Trends

Press release from: TMR - Research Reports

/ PR Agency: Transparency Market Research
Green Packaging Market - An Insight On The Important Factors

Packaging is one of the most important promotional tools to attract customers. For consumers, packaging refers to safety convenience and comfort, and for manufacturers, packaging represents profit and survival. The toxic materials used in packaging are contributing to environmental issues such as water pollution, land fill and air pollution.

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One of the new additions to the environmental concern for packaging is green packaging or sustainable packaging. In broader sense, “green packaging” means the type of packaging that is eco-friendly. Companies implementing green packaging are reducing their carbon footprints and are using recycled material for packaging. The global green packaging market is expected to experience a stable growth throughout the forecast period. The green packaging market is segmented on the basis of application, packaging type, and by geography. The various categories of the packaging type include recycled content packaging, degradable packaging and reusable packaging.

The recycled content packaging is further bifurcated into paper packaging, plastic packaging, glass packaging and metal packaging among others. The reusable packaging is further segmentedinto drums, plastic container and others. By application, the green packaging market has been segmented into food and beverage packaging, personal care packaging, health care packaging and others. The others segment includes not so common packaging. In addition, the report provides a cross-sectional analysis of all the above segments with respect to different geographical regions including North America, Europe, Asia Pacific and Rest of the World (ROW).
This study focuses on current market trends and the forecast from 2015 to 2021. The current market scenario for global green packaging market and future trends that are expected have an impact on growth and demand of green packaging is provided in the report. This report provides the present market size and forecast till2021. The micro economic factor affecting the demand and growth of the market has also been provided in the report.

In the global green packaging market, among the application segment the food and beverage packaging held the largestmarket share in 2014 and is expected to grow fastest at a CAGR of 6.4% during the forecasted period, i.e. 2015-2021., Food and beverage industries are the largest consumer of green packaging. As the demand for eco friendly packaging increases among consumers the manufacturers of food and beverage products have started adopting green packaging for their products. In addition, this segment is also predicted to be the fastest growing market during the forecast period. As green packaging are made up of nontoxic materials, it prevent the food products from getting spoilt due to contamination. Consequently, the demand for green packaging is predicted to increase exponentially by different food and beverage manufacturers across the globe.

Geographically, North America held the second largest market for green packaging in 2014. The green packing market of North America is majorly driven byU.S.owing to extensive use of eco friendly packaged products. Asia-Pacific region especially India and China offers the fastest growing market for green packaging because of huge concentration of food and beverage industries which is the major consumer of green packaging products. The developed countries like Canada and Japan offers one of the largest market but growth rate is slow since the market penetration of green packaging market is already at the highest point in those places. Consequently, new customers cannot be further attracted without new product development. Europe is one of the major marketsfor green packaging and is expected to have a healthy growth in the forecast period.

The major playersoperating in the green packaging market includes Crown holding, Tetra Laval, Amcor,E. I. Du Pont de Nemours, Ball Corp.,Biopack Environmental Solutions,Constar International Inc. EnviroPAK and Bemis Company among others.

About TMR

TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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