Sustainable Packaging Market worth 303.60 Billion USD, at a CAGR 7.17% by 2020
Stringent regulations regarding sustainability, coupled with changing preferences towards more sustainable packaging materials are some of the major factors for growth of the sustainable packaging industry. The sustainable packaging market was valued at USD 201.60 billion in 2014, and is projected to grow at a CAGR of 7.17% from 2015 to 2020. Degradable packaging is the fastest-growing process in the sustainable packaging market. In the material segment, paper & paperboard packaging is projected to grow at the highest rate. In terms of application, the food & beverage packaging segment is the fastest-growing segment, followed by the personal care packaging segment.
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