Green Packaging Market Growth, Size, Share, Trends, Analysis, Future Scope, Forecast To 2023
Summary
Global Green Packaging Market Growth, By Packaging type (Recycled Content Packaging, Degradable Packaging) By Application (Food & Beverage, Health Care, Personal Care and Other) – Forecast 2017-2023
Market Synopsis
On the flip side, restraining market growth factors are high cost of production and unstable prices of raw materials. But growing awareness among consumers about benefits of green packaging along with government campaigns to adopt eco-friendly alternatives can drive the growth of the Eco Friendly Packaging Market.
Key Vendors
The key players of global Green Packaging Market Growth, include Amcor Limited (Australia), Bemis Company, Inc. (U.S.), Tetra Laval International S.A. (Switzerland), Mondi Plc (South Africa), WestRock Company (U.S.), BASF SE (Germany), Sonoco Products Company (U.S.), Smurfit Kappa Group PLC (U.S.), Sealed Air Corporation (U.S.), and Huhtamaki OYJ (Finland).
Segmentation
The Green Packaging Market Growth is segmented on the basis of packaging and application.
By packaging, the market is segmented into recycled content and degradable packaging. Recycled content packaging is highly favorable globally due to increasing urbanization. Apart from this, the manufacturing process of recycled content packaging is highly efficient and helps in minimizing the detrimental impact of factories on the environment. These factors can drive the recycled content packaging segment growth.
Based on application, the market is segmented into food & beverage, healthcare, personal care, and others. Personal care and beauty companies have been using green packaging in order to make packaging more sustainable. Moreover, green packaging keeps the personal care product stay fresh for a long time with an extended shelf-life. These factors have propelled the personal care Green Packaging Market Growth, to great heights. The food and beverage packaging segment has a significant share in Eco Packaging market owing to high demand for dairy products. Also, increasing demand for raw milk, yogurt, cheese, and other dairy products accelerates the growth of this segment in the global market.
Target Audience
Manufactures
Raw Materials Suppliers
Aftermarket suppliers
Research Institute
Regional Analysis
Geographically, the segments of Green Packaging Market Growth, are North America, Europe, Asia Pacific, and Rest-of-the-World (RoW).
MRFR analyzes that North America is leading the Green Packaging Market Growth, with the United States being the leading contributor. Immense demand from industrial and manufacturing sectors in this region positively impacts the market. Moreover, rising awareness among consumers coupled with green packaging adopted across various industries such as fast moving consumer goods (FMCG) and personal body care can open new avenues for the Green Packaging Market Growth, in this region.
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