Clean & safe environment with maximum waste recovery of packaging material can be achieved by green packaging: Growing depletion of natural resources is increasing the awareness about environment condition among population which is eventually propelling the usage of green packaging. Inclination towards durable & eco-friendly packaging with the support of government initiatives and tax benefits are increasing the adoption of green packaging over conventional packaging.
The global green packaging market is segmented on the basis of product type and by end user. Product type segment is further categorized on the basis of reusable, recyclable and biodegradable packaging. Among these segments, recyclable green packaging accounted for the major share of green packaging market in 2016, due to its immense benefits in reducing carbon footprints. Increasing demand of reusable green packaging in supply chain is likely to boost the growth of reusable green packaging in the near future.
Europe is expected to dominate the global green packaging market during the forecast period, owing to the increasing environmental awareness and strict regulations on the usage of conventional packaging which causes excessive soil pollution. Europe green packaging market valued USD 41.73 billion in 2016, and is anticipated to grow at a CAGR of 7.0% over the forecast period of 2016-2024.
Development of Green Plastic: Bioplastics
Bioplastic is a new alternative for plastics which are made up of renewable biomass sources. Bioplastics are lightweight in nature and consume less energy with low CO2 emissions as compared to conventional plastics. Bioplastic packaging is more durable and is less toxic in nature. Bioplastics are easily decomposable in nature which is boosting its demand in pharmaceutical and healthcare industries. This growing demand of bioplastic packaging is projected to foster the growth of global green packaging market in the near future.
“Global Green Packaging Market 2024” contains detailed overview of the global green packaging market in terms of market segmentation by product type and by end user.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Sacle) analysis, Porter’s five force model and SWOT analysis. This market report also includes provides competitive outlook of some of the major players of the global green packaging market which includes profiling of companies Amcor Limited, Mondi plc, DS Smith, DuPont, Georgia-Pacific LLC, Ball Corporation, Evergreen Packaging, Tetra Laval Corporation, International Paper Company, Airlite Plastics, Cascades, Graham Packaging Company and BioMass Packaging. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents comprehensive synopsis on the global green packaging market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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