Global Green Packaging Market to Surpass US$ 238.27 billion by 2025

Green packaging is referred to the use of packaging materials and implementation of manufacturing methods that have low impact on energy consumption and environment. Green packaging involves the usage of recyclable and biodegradable materials and thus referred as energy-efficient or sustainable packaging. Furthermore, bio-degradable plastics, bio-based plastics, solid bleach sulfate, and recycled papers are some of the key materials used for the manufacture of green packaging products.

Major factors propelling the growth of green packaging market include increasing awareness among consumers regarding environmental safety and the benefits of green packaging. Apart from this, the initiatives taken up by the regulatory bodies that supports the adoption of eco-friendly alternatives is another factor expected to drive the growth of the green packaging market during the forecast period.

Request Sample copy of [email protected] https://www.coherentmarketinsights.com/insight/request-sample/820

In terms of revenue, Asia Pacific is expected to be the fastest growing market for green packaging, witnessing a significant CAGR of 8.85% during the forecast period. This growth is mainly driven by the presence of several manufacturers operating in the food and beverage industry in this region. Further, high population growth and increasing disposable incomes in the emerging economies such as China and India, are some of the factors driving the food and beverage industry, which in turn is fuelling the growth of the green packaging market in Asia Pacific.

North America dominated the green packaging market in 2016 and accounted for a market share of around 30%, with the U.S. being the major contributor. Initiatives taken up by the regulatory bodies regarding waste management and landfill drive the market growth in North America. Furthermore, stringent recycling targets set by the Environmental Protection Agency (EPA), are being implemented in the U.S., which in turn is augmenting the growth of the green packaging market in this region.

Based on materials, the green packaging market has been segmented into paper & paperboard, plastic, glass, metal, and others. The paper & paperboard segment dominated the market in 2016 and is expected to retain market dominance throughout the forecast period.

Middle East and Africa are witnessing sluggish growth at present due to weak penetration of several end users of green packaging. Political and economic instability in these regions restrain the market growth to a great extent. However, Latin America is expected to portray a favorable growth for green packaging during the forecast period on account of rising penetration of the end-use industries for green packaging and rising penetration by the manufacturers of green packaging.

Ask for Customization of Research [email protected] https://www.coherentmarketinsights.com/insight/request-customization/820

Based on the end-use industry, green packaging market has been segmented into food & beverages, healthcare, personal care, and cosmetics. In 2016, food & beverages accounted for a major share in the green packaging market and is expected to retain market dominance throughout the forecast period.

Major Players in the Global Green Packaging Market

The major players operating in the market of green packaging include Amcor Limited, Bemis Company Inc., Sealed Air Corporation, Tetra Laval International SA, Mondi Plc., Sonoco Products Company, Cargill Incorporation, Graham Packaging Company Incorporation, and Huhtamaki OYJ, among others.

You may be interested

Machine Learning-Based Smartphone App to Evaluate Parkinson’s Symptoms
Information Technology and Gadgets
Information Technology and Gadgets

Machine Learning-Based Smartphone App to Evaluate Parkinson’s Symptoms

Mohit Joshi - September 21, 2018

New smartphone app HopkinsPD, utilizes the smartphone's microphone, touchscreen, and accelerometer to examine patients for symptoms while they perform daily tasks Parkinson’s affects central nervous system of…

Depressive Thoughts Affect Working Memory
Healthcare
Healthcare

Depressive Thoughts Affect Working Memory

Mohit Joshi - September 20, 2018

Researchers establish a link between prolonged depression and reduced working memory, according to a new study published in March 2018. Researchers reveal that dysphoria, which is a…

Myeloproliferative Neoplasms Treatment Market – Current Trends and Future Opportunities by 2026
Healthcare
Healthcare

Myeloproliferative Neoplasms Treatment Market – Current Trends and Future Opportunities by 2026

Albert R - September 20, 2018

Coherent Market Insights added Latest Research Report titled “Myeloproliferative Neoplasms Treatment Market Insights by Manufacturers, Growth, Trends, Regions, Product Type and Application, Geography, Forecast to 2026” to…

Most from this category