Sustainable Packaging Market Overview

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.

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.

The Global market for Sustainable packaging market is expected to grow at ~7% CAGR.

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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.)
Smurfit Kappa Group Plc.(Dublin) and others.
Market Research Analysis

By moving beyond conventional packaging methods and materials, companies can reduce their carbon footprints and their transportation and warehousing costs. In terms of region, global sustainable market is segmented into four major regions including North America, Europe, Asia Pacific and RoW. Additionally, Asia Pacific region is expected to be the fastest growing market for green packaging during the forecast period. Increasing consumer awareness coupled with rising demand for recyclable products, acts as a key factor behind the growth of the sustainable packaging market in this region.

The increasing environmental consciousness, is the key factor that is driving the sustainable packaging market. The use of non-biodegradable plastics, causes various harmful effects on the environment such as landfill, soil pollution, and loss of the soil fertility.

Market Segmentation

The global Sustainable Packaging Market is segmented on the basis of Packaging Type (Tubes, Bags & Pouches, Corrugated Box and others), Material (Paper & Paperboard, Glass, Metal, Plastic), Process (Degradable Packaging, Recycled Packaging, Reusable Packaging), by Application (Personal Care, food & Beverages, Pharmaceutical and others) and by geography (North America, Europe, Asia Pacific, RoW) MRFR analysts observed that the Asia Pacific market, especially in China, is the fastest-growing segment, even though the market is led by Europe, currently. Europe region is expected to present significant opportunities for the industry’s expansion, owing to the favorable government initiatives undertaken by the government for promoting the use of green packaging and creating a sustainable environment. However, growing awareness among the middle-class population and the growing demand for sustainable practices are anticipated to favor the regional growth.

Regional Analysis

Geographically, Asia Pacific is expected to be a leading revenue contributor throughout the forecast period. Europe and North America will also account for a large combined share in the revenue. North America accounted for second largest market in sustainable packaging owing to stringent environmental regulations taken by government for the environmental safety. In North America, U.S. captured the biggest sustainable packaging market in 2016. Further, increasing research and development activities by major key players is also predicted to bolster the growth of sustainable packaging market. Europe is expected to witness a tremendous growth during the forecast period. U.K. and France are the major countries witnessing the augmented demand for sustainable packaging, owing to growing environmental concerns. Global sustainable packaging market is expected to flourish at a CAGR of more than 7% over the forecast period. Further, growing awareness about the benefits of sustainable packaging, is the key growth driver of global sustainable packaging market.

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Table Of Contents

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis

……Continued

List Of Figures

FIGURE 1 Research Process Of MRFR

FIGURE 2 Top Down & Bottom Up Approach

FIGURE 3 Market Dynamics

FIGURE 4 Impact Analysis: Market Drivers

FIGURE 5 Impact Analysis: Market Restraints

Continues……

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