Sustainable Packaging Market Highlights:
The global sustainable packaging market is a very dynamic market and is expected to witness high growth over the forecast period. Packaging plays an essential role in our business by meeting consumer needs for convenience and portability, while protecting and preserving our products throughout the supply chain.
In recent years, manufacturers have made a considerable effort of creating environmentally-friendly and sustainable packaging. Quality packaging helps safe and sustainable products. It enables efficient transport and prevents items from spoiling; and differentiates brands on the shelf while giving consumers vital information about products.
Manufacturers are now under pressure to use ecofriendly material in packaging and adopt methods that have less adverse impact on environment. Sustainable packaging is the eco-friendly type of packaging, which uses recyclable material for packaging process.
It also helps reduce the environmental impact. Secondly, increasing environmental concerns and stringent rules and regulation are projected to encourage the demand for sustainable packaging within the forecast period. However, lack of information about sustainable packaging and its benefits, is a major restraint that is likely to hinder the demand of the market.
Reusable packaging, recycled content packaging, and degradable packaging are the major types of global sustainable packaging market. Among all these, recycled content packaging dominated the global sustainable packaging market.
It accounted for significant share of the total market. In addition, reusable packaging was the second largest type of sustainable packaging. It is also expected to have remarkable growth in the future, owing to the government regulations coupled with rapidly growing demand for bio-plastic packaging. Moreover, degradable packaging is also projected to have moderate growth.
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Packaging materials are some of the most ubiquitous and easily recognizable items people use. Packaging includes plastic bottles, metal cans, corrugated cardboard boxes and many more materials. Production and disposal of these materials is crucial in making economic and environmentally conscious decisions. With the constantly aggravating global pollution and climate change, the need for a fast switch to sustainable materials, resources and technologies, is growing.
Sustainable Packaging Market - Regional Analysis
In terms of geographical distribution, the global sustainable packaging market is studied for five major regions namely, North America, Europe, Asia Pacific, and RoW. The Asia Pacific market is anticipated to be the fastest growing market over the forecast period, owing to the presence of the large consumer base and the increasing focus on the adoption of eco-friendly solutions, by the government. Moreover, growing demand for reusable and recyclable materials in developing economies, such as China and India, are expected to boost the industry growth over the forecast period. Moreover, strict governmental policies for the safety of environment coupled with availability of incentives and support from the government is one of the major factors behind the growth of sustainable packaging market. Further, innovative sustainable packaging products are also believed to flourish the growth of sustainable packaging market. However, high cost of raw materials used for making sustainable packaging such as bio-based monomers, liquid biofuels is expected to hinder the growth of the sustainable packaging market globally.
Sustainable Packaging Market - Key Players
The key players of global sustainable packaging market includes Amcor Limited (Australia), Silgan Holdings Inc.( U.S.), Bemis Company Inc.( U.S.), Sonoco Products Company (U.S.), Mondi plc.( Austria), The Dow Chemical Company(U.S.), Stora Enso Oyj(Finland), BASF SE (Germany), Genpak, LLC(North Carolina), DS Smith Plc.( U.K.), and Smurfit Kappa Group Plc.(Dublin) and others.
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Scope of the Sustainable Packaging Market Report
This study provides an overview of the global sustainable packaging market, tracking one market segment across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Sustainable Packaging market by its packaging type, material, process, application and region.
Sustainable Packaging Market, By Packaging Type
Bags & Pouches
Sustainable Packaging Market, By Material
Paper & Paperboard
Sustainable Packaging Market, By Process
Sustainable Packaging Market, By Application
Food & Beverages
Rest of the World
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