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The Global Sustainable Plastic Packaging Market Size, Scope, and Forecast 2023-2029 report has been added to the Market research collection of Exactitude Consultancy reports. Industry experts and researchers have offered an authoritative and concise analysis of the Sustainable Plastic Packaging Market with respect to various aspects such as growth factors, challenges, restraints, developments, and opportunities for growth. This report provides a pin-point analysis of changing dynamics and emerging trends in the Sustainable Plastic Packaging Market. Additionally, it provides a futuristic perspective on various factors that are likely to fuel the growth of the Worldwide Sustainable Plastic Packaging Market in the coming years.

The global sustainable plastic packaging market is expected to grow at 5.6 % CAGR from 2023 to 2029. It is expected to reach above USD 137.17 billion by 2029 from USD 84 billion in 2022.

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Some of the key players profiled in the study are Bemis Company Inc., Amcor Limited, Mondi, WestRock Company, Tetra Laval International SA., Sonoco Products Company, BASF SE, Sealed Air, Smurfit Kappa, Gerresheimer AG, Huhtamaki, Ardagh Group S.A., BALL CORPORATION, DS Smith, Crown Holdings, Berry Global Inc., International Paper, Genpack LLC, Reynolds, Uflex Ltd., DuPont, and Evergreen Packaging LLC. and other Prominent players.

Drivers:

• Consumer awareness: Consumers are becoming increasingly aware of the environmental impact of plastic packaging and are demanding more sustainable solutions.
• Government regulations: Governments around the world are introducing regulations to reduce plastic waste, such as bans on single-use plastics and taxes on plastic bags.
• Technological advances: Technological advances are making it possible to produce sustainable plastic packaging materials that are cost-effective and high-performing.

Restraints:

• High cost: Sustainable plastic packaging materials can be more expensive than traditional plastic packaging materials.
• Limited availability: Some sustainable plastic packaging materials are not yet widely available, which can limit their adoption by businesses.
• Lack of infrastructure: In some parts of the world, there is a lack of infrastructure for recycling and composting sustainable plastic packaging materials.

Opportunities:

• Growing demand: The demand for sustainable plastic packaging is expected to continue to grow in the coming years, as consumers and businesses become more committed to sustainability.
• New product development: Companies are developing new and innovative sustainable plastic packaging materials and solutions.
• Government support: Governments are supporting the development and adoption of sustainable plastic packaging through various initiatives, such as grants and tax breaks.

Challenges:

• Consumer education: Consumers need to be educated about the benefits of sustainable plastic packaging and how to recycle and compost these materials.
• Coordination among stakeholders: The sustainable plastic packaging industry is fragmented, with many different players involved. This can make it difficult to coordinate efforts to develop and commercialize new products and solutions.
• Standardization: There is a need for standardization of sustainable plastic packaging materials and recycling and composting processes. This would make it easier for consumers and businesses to adopt sustainable packaging solutions.

The segmental analysis section of the report includes a thorough research study on key Type and application segments of the Sustainable Plastic Packaging market

Sustainable Plastic Packaging Market by Type, 2023-2029, (USD Billion), (Kilotons)

Rigid

Flexible

Industrial

Sustainable Plastic Packaging Market by Process, 2023-2029, (USD Billion), (Kilotons)

Recyclable

Reusable

Biodegradable

Sustainable Plastic Packaging Market by End-Users, 2023-2029, (USD Billion), (Kilotons)

Food & Beverages

Personal Care

Healthcare

Others

If opting for the Global version of Sustainable Plastic Packaging Market; then the below country analysis would be included:

– North America (the USA, Canada, and Mexico)

– Europe (Germany, France, the United Kingdom, Netherlands, Italy, Nordic Nations, Spain, Switzerland, and the Rest of Europe)

– Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India, Southeast Asia, and the Rest of APAC)

– South America (Brazil, Argentina, Chile, Colombia, the Rest of the countries, etc.)

– the Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Turkey, Nigeria, South Africa, Rest of MEA)

Important years considered in the Sustainable Plastic Packaging study:

Historical year – 2018-2021;
Base year – 2022;
Forecast period** – 2023 to 2029 [** unless otherwise stated]

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Here's how Exactitude Consultancy helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The researchers analyse recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures.

Perfect Market Size Estimations: The report analyses the demographics, growth potential, and capability of the Sustainable Plastic Packaging market through the forecast period.

This factor leads to the estimation of the Sustainable Plastic Packaging market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular Sustainable Plastic Packaging market that will help the stakeholders to be aware of the current investment scenario across the market.

Reasons to Procure this Report:

1)      The research would help top administration/policymakers/professionals/product advancements/sales managers and stakeholders in this market in the following ways.

2)      The report provides Sustainable Plastic Packaging market revenues at the worldwide, regional, and country levels with a complete analysis to 2029 permitting companies to analyze their market share and analyze projections, and find new markets to aim for.

3)      The research includes the Sustainable Plastic Packaging market split by different Types, applications, technologies, and end-uses. This segmentation helps leaders plan their products and finances based on the upcoming development rates of each segment.

4)      Sustainable Plastic Packaging market analysis benefits investors by knowing the scope and position of the market giving them information on key drivers, challenges, restraints, and expansion chances of the market and moderate threats.

5)      This report would help to understand competition better with a detailed analysis and key strategies of their competitors and plan their position in the business.

6)      The study helps evaluate Sustainable Plastic Packaging business predictions by region, key countries, and top companies’ information to channel their investments.

What is new in 2023?

- Major developments that can change the business landscape as well as market forecasts.

- Addition/refinement in segmentation–Increase in depth or width of segmentation of the market.

- Coverage of new market players and change in the market share of existing players of the Sustainable Plastic Packaging market.

- Updated financial information and product portfolios of players operating in the Sustainable Plastic Packaging market.

- Updated market developments of the profiled players.

- Any new data points/analysis (frameworks) which was not present in the previous version of the report

The new edition of the report consists of trends/disruptions on customer’s business, tariff and regulatory landscape, pricing analysis, and a market ecosystem map to enable a better understanding of the market dynamics for Sustainable Plastic Packaging.

Customization services available with the report:

- Country level market for Sustainable Plastic Packaging market (up to 5)
- Profiling and additional market players (up to 5)
- Up to 40 hours of customization.
- post-sales support for 1 year from the date of delivery.

Please contact our sales professional ( sales@exactitudeconsultancy.com ), we will ensure you obtain the report which works for your needs.

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