Sustainable packaging plays a very important part in retaining a long shelf life of products along with decreasing the negative impact of plastic and other chemical packaging on the environment.

The sustainable packaging market is estimated to reach USD 303.60 Billion by 2020, with a projected CAGR of 7.17% from 2015 to 2020. Factors such as government initiatives towards reuse and recycling of packaging products, downsizing of packaging, and breakthrough in new technologies are driving the market.

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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Scope of the Report

On the basis of material, the sustainable packaging market has been segmented as follows:

Paper & Paperboard
Plastic
Metal
Glass
On the basis of process, the sustainable packaging market has been segmented as follows:

Recycled content packaging
Reusable packaging
Degradable packaging
On the basis of application, the sustainable packaging market has been segmented as follows:

Food & Beverage packaging
Healthcare packaging
Personal care packaging
Others (electronic appliances and home care packaging)
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The growing demand for environment friendly products, is a core factor that has been supplementing the growth of the global sustainable packaging market.

Factors such as stringent laws regarding sustainability, growing packaging industry, and change in consumer preferences towards sustainable and eco-friendly packaging materials drive the sustainable packaging market. However, cost of recycling acts as a restraint to the market.

Growth in the economically improving Asia-Pacific region provides an opportunity to the sustainable packaging market to grow even further. Overcoming the problems caused due to fluctuations of raw material prices is a challenge faced by the sustainable packaging market.

Key Players:

Leading players in the sustainable packaging market 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).

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