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The green packaging market is emergent, and is anticipated to show significant growth in the next six years, fueled by the advent of bioplastic, environmental concerns on sustainable development and enforcement of stringent rules and policies by regulatory authorities.
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Opportunity Analysis and Industry Forecast, 2016-2023 Green Packaging Market Global Opportunity Analysis and Industry Forecast, 2014-2022
Introduction • Global Green Packaging Market to reach $207,543 million by 2022 with a CAGR of 5.41% from 2016 to 2022 • The market is anticipated to show significant growth in the next six years, fueled by the advent of bioplastic, environmental concerns on sustainable development and enforcement of stringent rules and policies by regulatory authorities • Green packaging can reduce greenhouse gas emissions, due to the reduced reliance on fossil fuels in production and biodegradable nature of the products • There is a rise in awareness among consumers of luxury goods, toward green packaging techniques that use bioplastics as raw material, across various sectors, including FMCG, personal body care, and pharmaceutical • By geography, it includes North America, Europe, Asia-Pacific, and LAMEA
Key Factors of the Market • Rise in hygiene & health concerns among consumers boosts the demand for green packaging with applications in sustainable packaging • Increase in demand for recycled packaging products have fueled the market growth • Reverse logistics in packaging industry has eased the transportation of municipal wastes to recycle plants • Bioplastics have flourished in healthcare and pharmaceutical applications, and are accepted as an alternative for polymer oil-based products
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Key Benefits of the Market • The European region is expected to continue to lead the market, followed by North America during the forecast period • German green packaging market is estimated with a CAGR of 5.10% • The Middle East region is estimated to grow at a CAGR of 3.15% • The North American and Asia-Pacific regions jointly accounted for more than half of the total share in 2015
Market Segmentation • By Packaging Type • Recycled Content Packaging • Paper • Plastic • Metal • Glass • Others • Reusable Packaging • Drums • Plastic Containers • Others • Degradable Packaging • By Application • Food and Beverage • Personal Care • Health Care • Others • By Geography • North America • Europe • Asia-Pacific • LAMEA
Key Players of the Market • Amcor Limited • E. I. DuPont de Nemours and Company • Mondi Limited • Sealed Air Corporation • TetraPakInternational S.A. • ArdaghGroup Co. • PlastiPakHoldings, Inc. • Bemis Company, Inc. • Uflex limited and • ELOPAK AS • For purchase enquiry, visit @ https://www.alliedmarketresearch.com/purchase-enquiry/343
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