Sustainable Packaging Market Size, Analysis and Demand with Forecast to 2023

Sustainable Packaging Market Size Overview

The global Sustainable Packaging Market Size is a very dynamic market and is expected to witness high growth over the forecast period. Packaging plays an essential role in our business by meeting consumer needs for convenience and portability, while protecting and preserving our products throughout the supply chain.

Key Players

The key players of global Sustainable Packaging Market includes

Amcor Limited (Australia)
Silgan Holdings Inc.( U.S.)
Bemis Company Inc.( U.S.)
Sonoco Products Company (U.S.)
Mondi plc.( Austria)
The Dow Chemical Company(U.S.)
Stora Enso Oyj(Finland)
BASF SE (Germany)
Genpak
Smurfit Kappa Group Plc.(Dublin) and others.

Market Segmentation

The global Sustainable Packaging Market Size is segmented on the basis of Packaging Type (Tubes, Bags & Pouches, Corrugated Box and others), Material (Paper & Paperboard, Glass, Metal, Plastic), Process (Degradable Packaging, Recycled Packaging, Reusable Packaging), by Application (Personal Care, food & Beverages, Pharmaceutical and others) and by geography (North America, Europe, Asia Pacific, RoW) MRFR analysts observed that the Asia Pacific market, especially in China, is the fastest-growing segment, even though the market is led by Europe, currently. Europe region is expected to present significant opportunities for the industry’s expansion, owing to the favorable government initiatives undertaken by the government for promoting the use of green packaging and creating a sustainable environment.

Regional Analysis

Geographically, Asia Pacific is expected to be a leading revenue contributor throughout the forecast period. Europe and North America will also account for a large combined share in the revenue. North America accounted for second largest market in sustainable packaging owing to stringent environmental regulations taken by government for the environmental safety. In North America, U.S. captured the biggest Sustainable Packaging Market Size in 2016. Further, increasing research and development activities by major key players is also predicted to bolster the growth of Sustainable Packaging Market Size. Europe is expected to witness a tremendous growth during the forecast period. U.K. and France are the major countries witnessing the augmented demand for sustainable packaging, owing to growing environmental concerns. Global Sustainable Packaging Market Size is expected to flourish at a CAGR of more than 7% over the forecast period. Further, growing awareness about the benefits of sustainable packaging, is the key growth driver of global Sustainable Packaging Market Size.

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