Green Packaging Market Growth, Key Drivers, Size, Share, Trends, Future Scope Analysis and Forecast To 2023
Global Green Packaging Market Growth By Packaging type (Recycled Content Packaging, Degradable Packaging) By Application (Food & Beverage, Health Care, Personal Care and Other) – Forecast 2017-2023
(firmenpresse) - Green Packaging Market Growth Synopsis
Market Research Future (MRFR) reports that the global Green Packaging Market Growth is projected to exhibit a CAGR of 5.42% during the forecast period (2017-2023). Green packaging is more sustainable and eco-friendly. Stringent government regulations regarding use of plastics will propel manufacturers to opt sustainable packaging options over conventional packaging. Preference for sustainable packaging materials, increase in urbanization, and rising hygiene concerns strive to establish this market globally. Green packaging solutions are extensively used in the food service industry.
Key Vendors
The key players of global Green Packaging Market Growth include Amcor Limited (Australia), Bemis Company, Inc. (U.S.), Tetra Laval International S.A. (Switzerland), Mondi Plc (South Africa), WestRock Company (U.S.), BASF SE (Germany), Sonoco Products Company (U.S.), Smurfit Kappa Group PLC (U.S.), Sealed Air Corporation (U.S.), and Huhtamaki OYJ (Finland).
Segmentation
The Green Packaging Market Growth is segmented on the basis of packaging and application.
By packaging, the market is segmented into recycled content and degradable packaging. Recycled content packaging is highly favorable globally due to increasing urbanization. Apart from this, the manufacturing process of recycled content packaging is highly efficient and helps in minimizing the detrimental impact of factories on the environment. These factors can drive the recycled content packaging segment growth.
Based on application, the market is segmented into food & beverage, healthcare, personal care, and others. Personal care and beauty companies have been using green packaging in order to make packaging more sustainable. Moreover, green packaging keeps the personal care product stay fresh for a long time with an extended shelf-life. These factors have propelled the personal care Green Packaging Market Growth to great heights. The food and beverage packaging segment has a significant share in Eco Packaging market owing to high demand for dairy products. Also, increasing demand for raw milk, yogurt, cheese, and other dairy products accelerates the growth of this segment in the global market.
Target Audience
Manufactures
Raw Materials Suppliers
Aftermarket suppliers
Research Institute
Regional Analysis
Geographically, the segments of Green Packaging Market Growth are North America, Europe, Asia Pacific, and Rest-of-the-World (RoW).
MRFR analyzes that North America is leading the Green Packaging Market Growth with the United States being the leading contributor. Immense demand from industrial and manufacturing sectors in this region positively impacts the market. Moreover, rising awareness among consumers coupled with green packaging adopted across various industries such as fast moving consumer goods (FMCG) and personal body care can open new avenues for the Green Packaging Market Growth in this region.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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Datum: 13.04.2020 - 10:52 Uhr
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Date of sending: 13/04/2020
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