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.

“Sustainable Packaging Market by Material (Paper & Paperboard, Plastic, Metal, Glass), Process (Recycled, Reusable, Degradable), Function (Active, Molded Pulp, Alternate Fiber), Application (Food & Beverage, Healthcare, Others) & Layer - Global Forecast to 2020”.

The report defines and segments the sustainable packaging market with analysis and forecasting of the global revenues for the sustainable packaging industry. It also identifies the driving and restraining factors of the market with analysis of trends, opportunities, and challenges.

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Application of sustainable packaging in the food & beverage segment dominated the market in 2014. Factors such as government initiatives towards reuse and recycling of packaging products, downsizing of packaging, and breakthrough in new technologies are driving the market.

In terms of function, the active packaging segment, which consists of barrier packaging, anti-microbial packaging, and modified atmosphere packaging (MAP), held the largest share in 2014. This domination is mainly due to growing packaged food and beverage industry, particularly in emerging markets such as China, Brazil, and India.

Paper & paperboard was the most widely used material for sustainable packaging in 2014. It is also projected to grow at the highest CAGR of 8.08% from 2015 to 2020.

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The key players of the sustainable packaging market implement different strategies such as expansions, agreements, contracts, joint ventures, and partnerships to gain a larger share in the market.

The market is dominated by key players such as 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). The market in this report is segmented on the basis of material, process, function, layer, application, and region.

Premium Insights

· Active Packaging Occupies the Largest Share Among All Functions of Sustainable Packaging

· Sustainable Packaging Market in the Asia-Pacific Region

· India is Projected to Have the Highest CAGR From 2015 to 2020

· Asia-Pacific Occupied the Largest Market Share Among All Regions in 2014

· Food & Beverage Packaging Had the Largest Share in 2014 Among Applications of Sustainable Packaging

· Sustainable Packaging Market Life Cycle Analysis, By Region (2014)

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