Sustainability is becoming increasingly important, and companies need to know the impact of their products. Sustainable packaging has several benefits for the environment. Its goal is to meet the needs of the present without compromising the ability of future generations to meet their own needs. Its common forms include recycled, compostable, and biodegradable packaging. It may also be returnable or reusable. It has a positive impact on the environment and helps businesses increase their bottom line.
Market Dynamics:
Growing environmental concerns and increasing bans on plastic usage are prime factors driving growth of the sustainable packaging market. Moreover, consumers are shopping smarter, and key players are building better to assure the protection of the environment. According to a recent Capgemini report, Sustainability and Changing Consumer Behavior, 79% of consumers change their buying preferences due to social responsibility, inclusiveness, or environmental effect. Increasing focus of key players on downsizing the packaging in order to cut down the cost of production is further projected to augment the market growth.
On the other hand, high cost of raw materials is expected to restrict the market growth.
Key features of the study:
- This report provides in-depth analysis of the global sustainable packaging market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global sustainable packaging market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Amcor Limited, Westrock Company, TetraPak International S.A., Sonoco Products Company, Smurfit Kappa Group PLC, Sealed Air Corporation, Mondi PLC, Huhtamaki OYJ, BASF SE,Ardagh Group S.A, Ball Corporation, Crown Holdings, Inc., DS Smith Plc, Genpak LLC, and International Paper Company
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global sustainable packaging market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global androgen replacement therapy market
Detailed Segmentation:
- Global Sustainable Packaging Market By Process:
- Reusable Packaging
- Degradable Packaging
- Recycled Packaging
- Global Sustainable Packaging Market By Material Type:
- Glass
- Plastic
- Metal
- Paper
- Global Sustainable Packaging Market By End User Industry:
- Pharmaceutical and Healthcare
- Cosmetics and Personal Care
- Food and Beverage
- Other End user Industries
- Company Profiles
- Amcor Limited
- Westrock Company
- TetraPak International S.A.
- Sonoco Products Company
- Smurfit Kappa Group PLC
- Sealed Air Corporation
- Mondi PLC
- Huhtamaki OYJ
- BASF SE
- Ardagh Group S.A
- Ball Corporation
- Crown Holdings, Inc.
- DS Smith Plc
- Genpak LLC
- International Paper Company