“Sustainable Packaging Market:
Global Demand Analysis & Opportunity Outlook 2024”
The
global sustainable packaging market is segmented into application such as food
and beverages, healthcare packaging, personal care packaging and others. Among
these segments, food and beverages segment is believed to mask a significant
CAGR by the end of 2024. Likely, robust expansion of food and beverages industry over the globe on
the back of increasing adoption of packaged food due busy schedule of the
working population is expected to flourish the growth of global sustainable packaging market. In
addition to this, population in urban
region is more inclined towards fast foods which are also predicted to trigger
the market of global food and beverages sustainable packaging in near future.
Global sustainable packaging market is anticipated to seize an exponential
CAGR of 7.5% over the forecast period i.e. 2017-2024. Additionally, the market is riding on the back of growing packaging
industry along with rising environment concerns. Moreover, the global sustainable packaging market is
anticipated to account noteworthy revenue by the end of 2024.
The paper & paperboard
segment by material type accounted for the biggest market
of sustainable packaging in 2016. In terms of region platform, Asia-Pacific region
captured the biggest market of sustainable packaging owing
to huge adoption of sustainable packaging on the back of stringent government
regulation and guidelines. Moreover, China and Japan are the major countries
witnessing the augmented demand for sustainable
packaging due to rising adoption of green packaging products. Apart from this,
North America and Europe are believed to contribute considerable share in the
market of sustainable
packaging.
Growing
Environmental Concerns
Growing consumer awareness
regarding environmental pollution coupled with adoption of eco-friendly
products is predicted to be the dynamic factor behind the rapid growth of
sustainable packaging market.
Furthermore, mounting concerns regarding waste management is also believed to
foster the growth of sustainable packaging
market.
Stringent Government Regulation
and Guidelines
Stringent
government norms for the safety of environment coupled with availability of
incentives and support from the government is envisioned to trigger the market
of sustainable packaging. In addition to this, various companies have adopted
sustainable packaging such as Coco-Cola Great Britain has projected to increase
their recycled content in its plastic products from 20% to 50% by 2020. This
factor is anticipated to bolster the growth of sustainable packaging market.
Although,
high cost related with the production of sustainable packaging for instance
bio-based monomers and others is expected to hinder the growth of sustainable packaging
market all over the globe.
The
report titled “Sustainable Packaging Market:
Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of the global sustainable packaging market in terms of market segmentation by material
type, by process, by type of packaging, by layer, by application and by
region.
Further,
for the in-depth analysis, the report encompasses the industry growth drivers,
restraints, supply and demand risk, market attractiveness, BPS analysis and
Porter’s five force model.
This report also provides the
existing competitive scenario of some of the key players of the global sustainable packaging market which
includes company profiling of Amcor Ltd., Tetra Laval International S.A., Westrock Company,
Mondi Plc., Sonoco Products Company, Sealed Air Corporation, Huhtamaki OYJ,
Silgan Holdings Inc. and Genpak. The profiling enfolds key
information of the companies which encompasses business overview, products and
services, key financials and recent news and developments. On the whole, the
report depicts detailed overview of the global sustainable packaging market that will help industry consultants,
equipment manufacturers, existing players searching for expansion
opportunities, new players searching possibilities and other stakeholders to
align their market centric strategies according to the ongoing and expected
trends in the future.
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision so as to avoid future uncertainties.
Read more Information: https://www.researchnester.com/reports/sustainable-packaging-market-global-demand-analysis-opportunity-outlook-2024/432
Contact for more
Info:
Ajay
Daniel
U.S.
+1 646 586 9123
U.K.
+44 203 608 5919
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