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Green Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

Green Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

  • August 2019
  • 107 pages
  • ID: 5808118
  • Format: PDF
  • By IMARC Group


Table of Contents

The global green packaging market was worth US$ 168.2 Billion in 2018. Green packaging, or sustainable packaging, refers to the use of sustainable materials and manufacturing methods for the packaging of goods. It utilizes biodegradable and plant-based plastics along with recycled molded packaging and used polyethylene bags to produce various products. In comparison to the conventionally used synthetic packaging process, green packaging has a reduced carbon footprint, which helps to support human and ecological health in the long run. The process of green packaging further includes ways that limit the amount of waste and emissions generated in the manufacturing process.

The growing awareness regarding environmental conservation and sustainable living is one of the key drivers of the market. This, coupled with stringent governmental regulations for environment protection and the industrial trend of incorporating renewably sourced materials in the manufacturing process, is also significantly catalyzing the market growth. In addition to this, various industries have started to include green packaging as a part of their Extended Producers Responsibility (EPR). For instance, healthcare and food & beverage companies are opting for eco-friendly packaging products such as paper, glass, metal and plastic that can be easily recycled. Moreover, an increasing number of initiatives implemented by governments of both developed and emerging nations to encourage the incorporation of green packaging across various industries is also projected to drive the market in the coming years. Other factors contributing to the market growth include increasing research and development (R&D) activities and technological advancements in the manufacturing of green packaging materials such as bio-based resins. Looking forward, the analyst expects the market to reach a value of US$ 238.6 Billion by 2024, at a projected CAGR of around 6% during 2019-2024.

Report Coverage:
Historical, Current and Future Market Trends

Market Breakup by Packaging Type:
Recycled Content Packaging
Reusable Packaging
Plastic Container
Degradable Packaging

Market Breakup by End Use Industry:
Food Industry
Beverage Industry
Healthcare Industry
Personal Care Industry

Market Breakup by Region:
Asia Pacific
North America
Middle East and Africa
Latin America

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Amcor Limited, DuPont, Mondi Limited, Sealed Air Corporation, TetraPak International S.A, Ardagh Group Company, PlastiPak Holdings, Bemis Company, Uflex limited, ELOPAK AS, etc.

Key Questions Answered in This Report:
How has the global green packaging market performed so far and how will it perform in the coming years?
What are the key regional markets in the global green packaging industry?
What is the breakup of the market based on the packaging type?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the global green packaging industry?
What are the key driving factors and challenges in the global green packaging industry?
What is the structure of the global green packaging industry and who are the key players?
What is the degree of competition in the global green packaging industry?
What are the profit margins in the green packaging industry?

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