Industry, Market, Packaging and Transport

Sustainable Packaging Market Share| COVID-19 Analysis, Growth and Forecast

In addition, increasing market knowledge and regulatory expectations by the government are projected to drive business change during the evaluation period. On the other hand, fluctuating prices of raw materials and increasing production costs could impede the growth of the industry over the forecast period.

Regional Analysis

The geographical overview of the global Sustainable Packaging Market Share has been conducted in four major regions, namely the Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa.

Thanks to the emergence of the increasing customer base and the growing emphasis on the government’s implementation of eco-friendly approaches, the Asia Pacific region is expected to be the fastest-growing market over the projected period. In addition, increasing demand for recycled and recyclable goods in emerging economies, such as China, Japan, and India, is expected to propel growth in the fuel industry over the study. In addition, stringent government policies for environmental protection, coupled with the availability of government inducements and funding, are one of the major driving forces behind the growth of the Sustainable Packaging Market Share during the study period. Furthermore, innovative sustainable packaging products are also believed to flourish the growth of the Sustainable Packaging Market Share in the Asia Pacific region over the assessment period.

Segmental Analysis

The types of packaging available in the global Sustainable Packaging Market Share are tubes, bags and pouches, corrugated boxes, and others.

Major processes of the global Sustainable Packaging Market Share are recycled content packaging, reusable packaging, and degradable packaging. Among these, recycled content packaging is leading the global Sustainable Packaging Market Share. It accounted for a significant market share of the global Sustainable Packaging Market Share. In addition, reusable packaging is the second-largest type of sustainable packaging. It is also slated to have seamless growth in the future, owing to the government regulations along with rapidly rising demand for bioplastic packaging. Moreover, degradable packaging is also projected to have moderate growth.

The materials used in the global Sustainable Packaging Market Share are paper and paperboard, metal, glass, and plastic.

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Industry, Market, Packaging and Transport

Sustainable Packaging Market Share| COVID-19 Impact Outlook and Forecast 2023

According to the study, the demand for eco-friendly and sustainable packaging materials by consumers is on the rise. thus, vendors are mainly focusing on developing materials that can be recycled and have the conventional capabilities of resistance to friction, moisture, and heat.

Segmental Analysis

The types of packaging available in the global Sustainable Packaging Market Share are tubes, bags and pouches, corrugated box, and others.

In addition, reusable packaging was the second-largest type of sustainable packaging. It is also poised to have remarkable growth in the future, owing to the government regulations along with rapidly growing demand for bio-plastic packaging. Furthermore, degradable packaging is also projected to have moderate growth.

The materials used ni the global Sustainable Packaging Market Share are paper and paperboard, glass, metal, and plastic.

Regional Analysis

The geographical analysis of the global market has been conducted in four major regions, namely the Asia Pacific, North America, Europe, and the rest of the world (including Latin America and the Middle East and Africa.

The Asia Pacific market is poised to be the fastest-growing market over the forecast period, owing to the presence of the growing consumer base and the growing focus on the adoption of eco-friendly solutions, by the government. additionally, growing demand for reusable and recyclable materials in developing economies, such as China, Japan, and India, are expected to fuel industry growth over the review period. Moreover, stringent governmental policies for the safety of the environment coupled with the availability of inducements and support from the government is one of the major driving factors behind the growth of the Sustainable Packaging Market Share over the review period. Furthermore, innovative sustainable packaging products are also believed to flourish the growth of the Sustainable Packaging Market Share.

Competitive Analysis

The major market players identified by MRFR in the global market are Amcor Limited (Australia), Silgan Holdings Inc.( U.S.), Sonoco Products Company (U.S.), The Dow Chemical Company(U.S.), Mondi plc.( Austria)

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Industry, Market

Sustainable Packaging Market Report to study the various key drivers, Growth analysis, Scope analysis, Size, Share,Trends Forecast to 2023

Taste the market data and market information presented through more than 55 market data tables and 45 figures spread in 111 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Sustainable Packaging Market Information from 2017 to 2023″

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A lot of people have a misconception that paper is environmentally friendly. But when considered over the entire life of packaging, paper and cardboard embody far more greenhouse gasses than their plastic equivalents. Paper products take substantial amounts of energy to make. Crushing a tree down into small fibers, mixing the wood pulp into a slurry and then passing the wet mass through huge rollers cannot be done without use of enormous quantities of power. Making cardboard is almost the third largest industrial use of energy on the planet. A second concern is that many paper and cardboard products end up in local authority landfill, where they rot down anaerobically, creating the greenhouse gas methane in the process.

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.

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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.

The stringent government regulations pertaining to environment conservation and the growing consumer preference for eco-friendly solutions, translate into the greater uptake of sustainable packaging in these regions. The latest trend in the market is focus on sustainable packaging solutions. Consumer product manufacturers prefer various types of eco-friendly packaging designs and materials for supporting sustainable business operations. Packaging vendors are focusing on the production of the packaging solutions, such as corrugated boxes, which are 100% recyclable.

Key Players

We recognize the key players in the global sustainable packaging market as 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.

This research report provides insights, on various levels of analysis such as industry analysis, and market share analysis for the leading players along with their profiles. It also helps in studying the target segments by providing views on emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios & strategies in the global sustainable packaging market, including high-growth regions and/or countries, and political, & economic environments. The project report, further, provides views on both the historical market values and pricing & cost analysis.

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