Global Green Packaging Market Analysis, Trends and Opportunities 2026
Summary -
A new market
study, titled “Global Green Packaging s Market Analysis, Trends and Opportunities 2026”
has been featured on WiseGuyReports.
Global Green Packaging Market
Overview
Green
packaging focuses on using packaging that is environmentally friendly by being
recyclable or reusable after its initial purpose. Green packaging is also known
as sustainable packaging has become one of the emerging trends all over the
world.
The global
green packaging market was worth USD XX billion in 2017 and is forecast to
reach USD XX billion by 2025, growing at a CAGR of XX% during the forecast
period (2018-2025).
Global
Green Packaging Market– Market Dynamics
Reducing
shipping costs and strict government regulations pertaining to protection of
the environment are anticipated to propel market growth. Also, surge for the
environmentally friendly plastic product will provide opportunities for the
green packaging market. For instance, April 2018, BioLogiQ, Inc., has launched
three new grades of its plant-based plastic, namely NuPlastiQ BioPolymers.
On the
contrary, high cost of production and, fluctuating raw material prices may
hamper industry growth over the forecast period.
Global Green
Packaging Market– Segmentation Analysis
On the
basis of end user, the global green packaging market is segmented into Food
industry, Healthcare industry, Personal Care Industry, and Others. The food
Industry dominates the market due to consumer demand.
According
to Environmental Leader report, 66% of consumers pay more for products from
companies committed to environmentally-friendly practices and 70% of
millennials are willing to pay more for a product that makes an impact on
issues.
The
companies are focused on the expansion of business activities to maintain a
competitive edge over other players. For instance, in September 2018, WestRock
Company, a provider of differentiated paper and packaging solutions, announced
that it would begin accepting mixed paper bales that contain paper foodservice
packaging at its 100% recycled paperboard mills across the US.
Global
Green Packaging Market– Geographical Analysis
Geographically,
the global green packaging market is segmented into North America, South
America, Europe, Asia Pacific, and Middle East and Africa. The Asia Pacific
region dominates the market due to high demand for sustainable packaging
products from emerging economies such as India and China.
Few of the
states/proviences in India and China have set a goal to be plastic-free. For
instance, the state government of Maharashtra and a few other states in India have
banned single-use plastics. This has led to packaging converters as well as
brands across the country looking for sustainable and innovative packaging. For
instance, PepsiCo India announced its plans to launch plant-based packaging for
some of its snack brands.
According
to Franchise India Bureau reports, PepsiCo has announced that it plans to
launch its first ever 100% compostable plant-based packaging for its snack
brands Kurkure and Lay’s.
Global
Green Packaging Market– Competitive Analysis
The global
green packaging market is competitive with the presence of various small and
large players in the market. Multinational companies are dominating the global
green packaging market in recent years. WestRock Company, Amcor Limited, Sealed
Air, Mondi PLC., Bemis Company Inc., The Dow Chemical Company, and Ball
Corporation are the prominent players in the global green packaging market.
WestRock Company is one of the major company in green packaging and is
enhancing the market through acquisition. For instance, in January 2018,
WestRock company has signed a definitive agreement to acquire KapStone Paper
and Packaging Corp for USD 4.9 billion.
For
instance, in December 2017, WestRock Company, one of a leading provider of
differentiated paper and packaging solutions has entered into agreement to
acquire Plymouth Packaging, Inc.
Why
purchase the report?
• Visualize
the composition of the global green packaging market products across each
indication, in terms of recycled content packaging, reusable Packaging, and end-user
highlighting the critical commercial assets and players.
• Identify
commercial opportunities in green packaging products market by analyzing trends
and co-development deals.
• Excel
data sheet with thousands of data points of the green packaging products levels
4/5 segmentation.
• PDF
report with the most relevant analysis cogently put together after exhaustive
qualitative interviews and in-depth market study.
• Product
mapping in excel for the essential green packaging products of all major market
players.
Target
Audience
• Raw
Material Suppliers/ Buyers
• Product
Suppliers/ Buyers
• Industry
Investors/Investment Bankers
• Education
& Research Institutes
• Research
Professionals
• Emerging
Companies
•
Manufacturers
FOR MORE DETAILS: https://www.wiseguyreports.com/reports/3902875-global-green-packaging-market-2019-2026
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