Dublin, May 29, 2023 (GLOBE NEWSWIRE) -- The "Green Packaging Market, By Form, by Application, Bacteriological, Technical Applications, and others), and by Regions - Size, Share, Outlook, and Opportunity Analysis, 2023-2030" report has been added to ResearchAndMarkets.com's offering.
This report provides an in-depth analysis of green packaging market and provides market size in terms of revenue (US$ Million), by revenue and Compound Annual Growth Rate (CAGR %) for the forecast period (2023 - 2030), considering 2022 as the base year.
Company Profiles
- Amcor Limited
- Bemis Company Inc.
- Sealed air Corporation
- Tetra Laval International S.A.
- Mondi Plc.
- Sonoco Products Company
- Cargill Incorporation
- Graham Packaging Company Incorporation
- Huhtamaki OYJ
Green packaging offers better shelf life to the products, by eliminating the adverse effects of conventional plastics, which are majorly used as packaging materials.
Green packaging is also eco-friendly, owing to its biodegradability and recyclable nature. The industry is anticipated to grow at a steady rate owing to the growing food and beverage industry that is increasingly adopting packaging made from degradable and recyclable materials.
The foodservice industry is replacing single-use plastic straws, lids, closures, caps, cups, and food trays with products made from paper or compostable alternatives. The product demand in the foodservice industry will continue to grow on account of changing consumer preferences towards convenience and packaged foods.
Market Dynamics:
One of the major factors fuelling the growth of green packaging market include rising concerns regarding environmental safety. Further, pollution created by conventional plastics has posed a major threat to the marine ecosystem due to numerous incidents in which plastic pollution has emerged as one of the leading causes of deaths of marine animals.
Further, rapid adoption of green packaging among the end-use industries is another key factor responsible for the growth of the global green packaging market. Based on type, the market is categorized into recycled content, reusable, and degradable packaging. The recycled content segment includes materials that can be recycled, such as paper, plastic, glass, and metal. These materials are reused by the manufacturers as raw materials to make new packaging products resulting in curbing excess pollution caused by packaging waste.
Key features of the study:
- It elucidates the potential revenue opportunity across different segments and elucidates attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the key players
- It profiles leading players in the global green packaging market based on the following parameters company overview, product portfolio, financial performance, geographical presence, distribution strategies, key developments and future plans
- Owing to the insights from this report, marketers and the management authorities of the companies would be able to make informed decision regarding their technology up-gradation, future product launch, marketing tactics, and market expansion
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 168 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $208000 Million |
| Forecasted Market Value (USD) by 2030 | $306700 Million |
| Compound Annual Growth Rate | 4.9% |
| Regions Covered | Global |
Detailed Segmentation:
by Material:
- Paper & Paperboard
- Solid Bleach Sulfate
- Recycled
- Others
- Plastics
- Bio degradable plastics
- Bio-based plastics
- Others
- Metals
- Steel
- Aluminum
- Others
- Glass
- Others
by Process Type:
- Recycled Content Packaging
- Re-Usable Packaging
- Degradable Packaging
by Packaging Type:
- Paper & Paperboard Packaging
- Corrugated Box
- Boxboard
- Paper Bags
- Others
- Plastic Packaging
- Bottles
- Cans
- Bags
- Others
- Metal Packaging
- Barrels & Drums
- Caps & Closures
- Aerosols
- Others
- Glass Packaging
- Jars
- Bottles
- Others
- Others
by End-use Industry:
- Food & Beverages
- Healthcare
- Personal Care & Cosmetics
- Others
For more information about this report visit https://www.researchandmarkets.com/r/3ds1iy
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