April 4, 2020

Green Packaging Market | Key Players are Ardagh Group, Mondi Limited, Amcor Limited, DuPont de Nemours, Plastipak Holdings Inc. and among others.

The latest market report published by Credence Research, Inc. “Green Packaging Market – Growth, Future Prospects, and Competitive Analysis, 2016 – 2024,” the green packaging market was valued at USD 142.8 billion in 2015 and is expected to reach USD 228.6 billion by 2024, increasing to CAGR by 5.5 per cent from 2016 to 2024.

Market Insights

Green or sustainable packaging is prepared by the use of renewable energy, design and related materials to reduce the environmental impact through its life cycle. Green packaging is energy efficient and uses eco-friendly methodology and biodegradable materials. Growing awareness of health around the globe, along with environmental issues, has driven demand for green packaging based on food or personal care products. Green packaging has also seen an upper hand in the pharmaceutical sector over the last few years.

Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/green-packaging-market

Bioplastic packaging has gained momentum in pharmaceutical and medical use. Waste generation, unproductive use of materials and resources, and industrial pollution are expected to further increase the demand for green packaging products over the forecast period. In addition, a shift in consumer preferences towards environmentally friendly and sustainable packaging is expected to boost the growth of the green packaging market.

An increase in health and hygiene awareness, an increase in health expenditure as well as an increase in the intake of healthy food as well as an increase in organic and ready-to-eat consumption is expected to increase the growth of the green packaging market over the forecast period. Increased use of innovative technology and thus enabling producers to develop new products is likely to further boost the growth of the green packaging market between 2016 and 2024.

Considering the competition, this market is characterized by presence of various players some of which are small-scale players and some are the largest in number. In order to enhance their presence in the overall global market, the companies are focusing on research and development as well as new product development. The companies are entering into manufacturing of innovative packaging products which will help in strengthening the growth of the market.

You can get the sample copy of this research by Credence Research here: https://www.credenceresearch.com/sample-request/58310

Key Trends:

  • New product development
  • Educating consumers (manufacturers) about green packaging

Report Scope by Segments

By Type

  • Degradable packaging
  • Plastic containers
  • Drums
  • Others

By Application Type

  • Food and beverages
  • Personal care
  • Others

Company Profiles

  • DuPont de Nemours and Company
  • Ardagh Group
  • Mondi Limited
  • Amcor Limited
  • ELOPAK AS.
  • Tetrapak International
  • Plastipak Holdings Inc.
  • Uflex Limited
  • TetraLaval
  • Be Green Packaging

By Geography Segment

  • North America (U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  • Rest of the World (Middle East & Africa, Latin America)

You can get the sample copy of this research by Credence Research here: https://www.credenceresearch.com/sample-request/58310

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