Sustainable Packaging Market
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<strong>Sustainable</strong> <strong>Packaging</strong> <strong>Market</strong> Research<br />
Report By Forecast To 2023<br />
Industry Survey, Growth, Competitive Landscape<br />
and Forecasts to 2023<br />
PREPARED BY<br />
<strong>Market</strong> Research Future<br />
(Part of Wantstats Research & Media Pvt. Ltd.)
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<strong>Sustainable</strong> <strong>Packaging</strong> <strong>Market</strong> Research Report - Forecast to 2023<br />
<strong>Sustainable</strong> <strong>Packaging</strong> <strong>Market</strong>, By <strong>Packaging</strong> Type (Tubes, Bags & Pouches, Corrugated Box and others), By<br />
Material (Paper & Paperboard, Glass, Metal, Plastic), By Process (Degradable <strong>Packaging</strong>, Recycled<br />
<strong>Packaging</strong>, Reusable <strong>Packaging</strong>), By Application (Personal Care, food & Beverages, Pharmaceuticals and<br />
others) and Region - Forecast To 2023<br />
<strong>Packaging</strong> materials are some of the most ubiquitous and easily recognizable items people use. <strong>Packaging</strong> includes plastic<br />
bottles, metal cans, corrugated cardboard boxes and many more materials. Production and disposal of these materials is<br />
crucial in making economic and environmentally conscious decisions. With the constantly aggravating global pollution and<br />
climate change, the need for a fast switch to sustainable materials, resources and technologies, is growing.<br />
Packaged food & beverages, and personal care companies are demanding eco-friendly packaging materials that are also<br />
visually appealing to consumers. This has pushed vendors to introduce innovative products and the use new technologies in<br />
their manufacturing. They are looking for high-performing packaging options that permit them to retain low manufacturing<br />
costs. Despite growing consumer preference for sustainable packaging, designing with the aim to minimize environmental<br />
impact remains a real challenge. Additionally, numerous companies continue to compromise with their packaging.<br />
Encouraging the shift in packaging construction towards more lightweight or efficient materials, helps companies save<br />
money while decreasing the amount of waste generated.<br />
According to the study, demand for eco-friendly and sustainable packaging materials by consumers is on the rise. Hence,<br />
vendors are largely focusing on developing materials that can be recycled and have the traditional capabilities of resistance<br />
to friction, moisture, and heat. According to the report, one of the major drivers of the market is the demand for bio plastic<br />
packaging. Bio plastic packaging products are considered more sustainable than conventional plastic packaging products<br />
because they consume less energy and natural resources, generate lower carbon emissions, and are lightweight in nature.<br />
Moreover, growing consumer awareness and government regulations, are anticipated to propel the industry growth over<br />
the forecast period. However, fluctuating raw material prices and the high cost of production may hinder the industry’s<br />
growth over the forecast period.
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<strong>Sustainable</strong> <strong>Packaging</strong> <strong>Market</strong> Research Report - Forecast to 2023<br />
<strong>Sustainable</strong> packaging is a form of packaging that utilizes manufacturing methods or materials that have a low impact on<br />
the environment. In addition, several players are also focused on developing niche products in the market. Rapid growth of<br />
this market has also resulted in creating further skilled job opportunities in major hubs spread across North America, and<br />
Asia Pacific. <strong>Sustainable</strong> packaging is developing as an important industry because of the problems faced due to pollution<br />
generated by packaging, especially in the developing countries. Major developments in sustainable packaging techniques in<br />
Asian countries are considered, and the present and forecast market size of the industry is provided.<br />
<strong>Sustainable</strong> packaging involves the use of manufacturing methods and materials for packaging of goods that have a low<br />
impact on the environment and energy consumption. Green or sustainable packaging uses environment-sensitive methods,<br />
including energy efficiency, recyclable and biodegradable materials, and reusability. Retailers and consumer packaged goods<br />
companies have devoted more attention towards developing sustainable products, mainly in response to customers’<br />
evolving expectations. By application, food and beverage is the largest application segment and is expected to continue<br />
dominating the market in the future. The material is gaining popularity among industries such as food & beverage,<br />
healthcare, and personal care, owing to the growing environment concerns and the increasing need for reducing the use of<br />
toxic materials.<br />
Global sustainable packaging market is anticipated to flourish at ~7% CAGR, over the forecast period.<br />
The report for Global <strong>Sustainable</strong> <strong>Packaging</strong> <strong>Market</strong> of <strong>Market</strong> Research Future comprises of extensive primary research<br />
along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion<br />
leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current<br />
market scenario which includes historical and projected market size in terms of value and volume, technological<br />
advancement, macro economical and governing factors in the market. The report provides details information and<br />
strategies of the top key players in the industry. The report also gives a broad study of the different market segments and<br />
regions.<br />
Report Sample@ https://www.marketresearchfuture.com/sample_request/5247
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<strong>Sustainable</strong> <strong>Packaging</strong> <strong>Market</strong> Research Report - Forecast to 2023<br />
Segmentation
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<strong>Sustainable</strong> <strong>Packaging</strong> <strong>Market</strong> Research Report - Forecast to 2023<br />
Regional Analysis<br />
In terms of geographical distribution, the global sustainable packaging market is studied for five major regions namely,<br />
North America, Europe, Asia Pacific, and RoW. The Asia Pacific market is anticipated to be the fastest growing market over<br />
the forecast period, owing to the presence of the large consumer base and the increasing focus on the adoption of ecofriendly<br />
solutions, by the government. Moreover, growing demand for reusable and recyclable materials in developing<br />
economies, such as China and India, are expected to boost the industry growth over the forecast period. Moreover, strict<br />
governmental policies for the safety of environment coupled with availability of incentives and support from the<br />
government is one of the major factors behind the growth of sustainable packaging market. Further, innovative sustainable<br />
packaging products are also believed to flourish the growth of sustainable packaging market. However, high cost of raw<br />
materials used for making sustainable packaging such as bio-based monomers, liquid biofuels is expected to hinder the<br />
growth of the sustainable packaging market globally.<br />
Key Players<br />
The key players of global sustainable packaging market includes Amcor Limited (Australia), Silgan Holdings Inc.( U.S.), Bemis<br />
Company Inc.( U.S.), Sonoco Products Company (U.S.), Mondi plc.( Austria), The Dow Chemical Company(U.S.), Stora Enso<br />
Oyj(Finland), BASF SE (Germany), Genpak, LLC(North Carolina), DS Smith Plc.( U.K.), and Smurfit Kappa Group Plc.(Dublin)<br />
and others.<br />
Browse Report @ https://www.marketresearchfuture.com/reports/sustainable-packaging-market-5247
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