Green packaging offers better shelf life to the products, by eliminating the adverse effects of conventional plastics, which are majorly used as packaging materials. Green packaging is also eco-friendly, owing to its biodegradability and recyclable nature. The industry is anticipated to grow at a steady rate owing to the growing food and beverage industry that is increasingly adopting packaging made from degradable and recyclable materials. The foodservice industry is replacing single-use plastic straws, lids, closures, caps, cups, and food trays with products made from paper or compostable alternatives. The product demand in the foodservice industry will continue to grow on account of changing consumer preferences towards convenience and packaged foods.
Market Dynamics
One of the major factors fuelling the growth of green packaging market include rising concerns regarding environmental safety. Further, pollution created by conventional plastics has posed a major threat to the marine ecosystem due to numerous incidents in which plastic pollution has emerged as one of the leading causes of deaths of marine animals. Further, rapid adoption of green packaging among the end-use industries is another key factor responsible for the growth of the global green packaging market. Based on type, the market is categorized into recycled content, reusable, and degradable packaging. The recycled content segment includes materials that can be recycled, such as paper, plastic, glass, and metal. These materials are reused by the manufacturers as raw materials to make new packaging products resulting in curbing excess pollution caused by packaging waste.
Key features of the study:
- This report provides an in-depth analysis of green packaging market and provides market size in terms of revenue (US$ Million), by revenue and Compound Annual Growth Rate (CAGR %) for the forecast period (2023 – 2030), considering 2022 as the base year
- It elucidates the potential revenue opportunity across different segments and elucidates attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the key players
- It profiles leading players in the global green packaging market based on the following parameters company overview, product portfolio, financial performance, geographical presence, distribution strategies, key developments and future plans
- Key companies covered as a part of this study include Amcor Limited, Bemis Company Inc., Sealed Air Corporation, Tetra Laval International SA, Mondi Plc., Sonoco Products Company, Cargill Incorporation, Graham Packaging Company Incorporation, and Huhtamaki OYJ.
- Owing to the insights from this report, marketers and the management authorities of the companies would be able to make informed decision regarding their technology up-gradation, future product launch, marketing tactics, and market expansion
- Global green packaging market report caters to various stakeholders in this industry including investors, suppliers, Green Packaging manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the global green packaging market
Detailed Segmentation:
- Global Green Packaging Market, By Material:
- Paper & Paperboard
- Solid Bleach Sulfate
- Recycled
- Others
- Plastics
- Bio degradable plastics
- Bio-based plastics
- Others
- Metals
- Glass
- Others
- Global Green Packaging Market, By Process Type:
- Recycled Content Packaging
- Re-Usable Packaging
- Degradable Packaging
- Global Green Packaging Market, By Packaging Type:
- Paper & Paperboard Packaging
- Corrugated Box
- Boxboard
- Paper Bags
- Others
- Plastic Packaging
- Metal Packaging
- Barrels & Drums
- Caps & Closures
- Aerosols
- Others
- Glass Packaging
- Jars
- Bottles
- Others
- Others
- Global Green Packaging Market, By End-use Industry:
- Food & Beverages
- Healthcare
- Personal Care & Cosmetics
- Others
- Global Green Packaging Market, By Region:
- North America
- Europe
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- Africa
- North Africa
- Central Africa
- South Africa
- Middle East
- GCC
- Israel
- Rest of Middle East
- Company Profiles
- Amcor Limited
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Bemis Company Inc.
- Sealed air Corporation
- Tetra Laval International S.A.
- Mondi Plc.
- Sonoco Products Company
- Cargill Incorporation
- Graham Packaging Company Incorporation
- Huhtamaki OYJ.
