Sustainable Packaging Market, By Packaging Type (Tubes, Bags & Pouches, Corrugated Box and others), By Material (Paper & Paperboard...

Sustainable packaging Market By Application (Personal Care, food & Beverages, Pharmaceuticals and others) Grow at a CAGR of 7% forecast till 2023

Sustainable Packaging Market, By Packaging Type (Tubes, Bags & Pouches, Corrugated Box and others), By Material (Paper & Paperboard, Glass, Metal, Plastic), By Process (Degradable Packaging, Recycled Packaging, Reusable Packaging), By Application (Personal Care, food & Beverages, Pharmaceuticals and others) and Region - Forecast To 2023

Market Research Future
Sustainable Packaging Market

Sustainable packaging Market Overview:

Global sustainable packaging market is anticipated to flourish at ~7% CAGR, over the forecast period. Sustainable packaging is a form of packaging that utilizes manufacturing methods or materials that have a low impact on the environment. In addition, several players are also focused on developing niche products in the market. Rapid growth of this market has also resulted in creating further skilled job opportunities in major hubs spread across North America, and Asia Pacific. Sustainable packaging is developing as an important industry because of the problems faced due to pollution generated by packaging, especially in the developing countries. Major developments in sustainable packaging techniques in Asian countries are considered, and the present and forecast market size of the industry is provided.
Sustainable packaging involves the use of manufacturing methods and materials for packaging of goods that have a low impact on the environment and energy consumption. Green or sustainable packaging uses environment-sensitive methods, including energy efficiency, recyclable and biodegradable materials, and reusability. Retailers and consumer packaged goods companies have devoted more attention towards developing sustainable products, mainly in response to customers’ evolving expectations. By application, food and beverage is the largest application segment and is expected to continue dominating the market in the future. The material is gaining popularity among industries such as food & beverage, healthcare, and personal care, owing to the growing environment concerns and the increasing need for reducing the use of toxic materials.

Market Research Analysis:
By moving beyond conventional packaging methods and materials, companies can reduce their carbon footprints and their transportation and warehousing costs. In terms of region, global sustainable market is segmented into four major regions including North America, Europe, Asia Pacific and RoW. Additionally, Asia Pacific region is expected to be the fastest growing market for green packaging during the forecast period. Increasing consumer awareness coupled with rising demand for recyclable products, acts as a key factor behind the growth of the sustainable packaging market in this region.
The increasing environmental consciousness, is the key factor that is driving the sustainable packaging market. The use of non-biodegradable plastics, causes various harmful effects on the environment such as landfill, soil pollution, and loss of the soil fertility. Stringent regulations are, thus, implemented by the government to improve the conditions of the environment. There are certain regions where the use of plastic bags is completely banned, thus triggering the growth of the sustainable packaging market.
Scope of the report
This study provides an overview of the global sustainable packaging market, tracking one market segment across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Sustainable Packaging market by its packaging type, material, process, application and region.

Sustainable Packaging Market, By Packaging Type
  • Tubes
  • Bags & Pouches
  • Corrugated Box
  • Others
Sustainable Packaging Market, By Material
  • Paper & Paperboard
  • Glass
  • Metal
  • Plastic
Sustainable Packaging Market, By Process
  • Degradable Packaging
  • Recycled Packaging
  • Reusable Packaging
Sustainable Packaging Market, By Application
  • Pharmaceutical
  • Food & Beverages
  • Personal Care
  • Others
By Region
  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World  

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, LLC(North Carolina), DS Smith Plc.( U.K.), and Smurfit Kappa Group Plc.(Dublin) and others.