The Global Green Packaging Market was valued at US$ 134.15 billion in 2016, according to Global Green Packaging Market Report by Material (Paper and Paperboard, Plastic, Metal, Glass, and Others), by Process Type (Recycled Content Packaging, Re-Usable Packaging and Degradable Packaging), by Packaging Type (Paper and Paperboard Packaging, Plastic Packaging, Metal Packaging, Glass, and Others), by End-Use Industry (Food and Beverages, Healthcare, Personal Care and Cosmetics, and Others) published by Coherent Market Insights. The green packaging market is expected to register a CAGR of 6.71% over the forecast period (2017-2025) to reach US$ 238.27 billion by 2025.
Major factors propelling the growth of this market include, increasing awareness among consumers regarding the benefits of green packaging and government regulations that encourage people to adopt eco-friendly alternatives.
However, the amount of solid waste generated is a key factor hindering the growth of green packaging market. In 2012, according to the World Bank, the solid waste generated annually was around 1.3 billion tons at global level and it is anticipated to increase up to 2.2 billion tons by the end of 2025.
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Major players operating in the market of green packaging 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, among others.
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