NEW YORK, United States, Aug. 18, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Green Packaging Market By Type (Reusable Packaging, Recycled Content Packaging, And Degradable Packaging), By Application (Personal Care, Food And Beverage, And Healthcare): Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028” in its research database. According to the latest research study, the demand of global green packaging market size was valued at approximately USD 191.4 billion in 2022. The market is expected to grow above a CAGR of 7.2% and is anticipated to reach over USD 330.1 billion by 2030.
The report analyses the green packaging market’s drivers and restraints, as well as the impact they have on-demand throughout the projection period. In addition, the report examines global opportunities in the global market.
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Green Packaging Market Overview:
Packaging is the most essential factor in attracting a customer's attention to a product. Due to its superior qualities, green packaging is the most popular and in-demand technique among numerous packaging methods. Green packaging is an environmentally friendly form of packaging that employs recyclable materials. It also serves to reduce the impact on the environment. It does not deplete the ozone layer and emits no volatile organic compounds or greenhouse gases like carbon dioxide or methane. Thus, it has a large potential for food and beverage applications in the coming years.
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Our Free Sample Report Consists of the Following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
- Around 160+ Pages Research Report (Including Recent Research)
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- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2023
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, Revenue Analysis, SWOT Analysis, Historical and Forecast Growth, Porter's 5 Forces Analysis
- Zion Market Research Methodology
Key Insights from Primary Research
- As per the analysis, the Green Packaging market share is likely to grow above a CAGR of around 7.2% between 2023 and 2030.
- The Green Packaging market size was worth around USD 191.4 billion in 2022 and is estimated to hit approximately USD 330.1 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- Due to increased health consciousness among consumers and rising disposable budgets, the global green packaging market is primarily driven by a paradigm shift for items connected to green packaging.
- More than 45.0% of the market's share went to the food and beverage industry, which was the largest application segment. It is anticipated that this trend would persist in the near future.
- On the basis of region, the “North America” Will Likely Overtake the Global Market.
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Green Packaging Market: Growth Drivers
The global green packaging market is primarily driven by a paradigm shift for products related to green packaging due to rising health awareness among consumers coupled with rising disposable incomes. Secondly, increasing environmental concerns and stringent rules and regulation is projected to bolster the demand for green packaging within the forecast period. However, lack of information about green packaging and its benefits is a major restraint that is likely to hinder the demand of the market.
Nonetheless, environmental issues are expected to offer new avenues to the major manufacturers of global green packaging market over the coming years.
COVID-19 Impact Analysis
The global green packaging market has witnessed a slight decline in the sales for short term due to the lockdown enforcement introduced by governments in order to contain COVID spreading. The restrictions imposed by various nations to contain COVID had stopped the production resulting in a disruption across the whole supply chain. However, the global markets are slowly opening to their full potential and theirs a surge in demand. The market would remain bullish in upcoming year.
The significant decrease in the global green packaging market size in 2020 is estimated on the basis of the COVID-19 outbreak and its negative impact on the economies and industries across the globe. Various scenarios have been analyzed on the basis of inputs from various secondary sources and the current data available about the situation.
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Competitive Players
The report contains qualitative and quantitative research on the global green packaging Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness.
Some of the main players in the global green packaging market include;
- Amcor
- Berry Plastics
- BASF
- DuPont
- Printpack
- Innovia Films Ltd
- Bemis Company
- Tetra Laval
- Ball Corporation
Green Packaging Market: Segmentation
Reusable packaging, recycled content packaging, and degradable packaging are the major types of global green packaging market. Among all these, recycled content packaging dominated the global green packaging market in 2015. It accounted for significant share of the total market. In addition, reusable packaging was the second largest type of green packaging in the same. Further, it is also expected to have remarkable growth over the years to come owing to the government regulations coupled with rapidly growing demand for bio-plastic packaging. Moreover, the degradable packaging is also projected to have moderate growth in coming years.
The major applications of global green packaging are personal care, food and beverages, healthcare and other applications. The food and beverages held as leading application segment of the market in 2015. It accounted for more than 45.0% shares of the entire market and further it is expected to continue this trend in near future. This growth is attributed to the robust demand for eco-friendly packaging coupled with stringent government regulations. Moreover, healthcare and personal care are expected to have exponential growth during coming years.
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Key questions answered in this report:
- What is the market size and growth rate forecast for Green Packaging industry?
- What are the main driving factors propelling the Green Packaging Market forward?
- What are the leading companies in the Green Packaging Industry?
- What segments does the Green Packaging Market cover?
- How can I receive a free copy of the Green Packaging Market sample report and company profiles?
Report Scope:
| Report Attribute | Report Details |
| Market Size in 2022 | USD 191.4 Billion |
| Market Forecast in 2030 | USD 330.1 Billion |
| Growth Rate | CAGR of 7.2% |
| Base Year | 2022 |
| Forecast Years | 2023- 2030 |
| Key Companies Covered | Amcor, Berry Plastics, BASF, DuPont, Printpack, Inc., Innovia Films Ltd, Bemis Company, Tetra Laval and Ball Corporation amongst others. |
| Segments Covered | By Type, By Application , By Process, and By Region |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
| Customization Scope | Avail customized purchase options to meet your exact research needs. |
Browse Complete Report Here | Green Packaging Market By Type (Reusable Packaging, Recycled Content Packaging, And Degradable Packaging), By Application (Personal Care, Food And Beverage, And Healthcare): Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028
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The global Green Packaging market is segmented as follows:
By Types
- Reusable packaging
- Recycled Content Packaging
- Degradable Packaging
By Applications
- Personal Care
- Food and Beverage
- Healthcare
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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Key Offerings:
- Comprehensive analysis of the primary market
- Significant alterations in market dynamics
- The market's segment specifications
- Statistics and revenue market analysis of historical, present, and forecast
- Evaluation of niche developments in the market
- Market share evaluation
- Principal strategies of market leaders
- Emerging markets and regional segments
- In order to strengthen the market position of businesses, testimonials are provided
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