Key Takeaways:

Key players operating in the green packaging market are Caterpillar Inc., Cummins Inc., Generac Power Systems Inc., Kohler Co., MTU Onsite Energy Corporation, Himoinsa S.L., Atlas Copco AB, Mitsubishi Heavy Industries Ltd., Briggs & Stratton Corporation, Schneider Electric SE, Eaton Corporation, Aggreko plc, and Wärtsilä Corporation, Yanmar Co. Ltd., Doosan Corporation. Strengthening regulations regarding the reduction of plastic waste and single-use plastic globally are fueling demand for green packaging solutions. Technologies enabling advanced recycling techniques, alternate material development, and digitization in green packaging production are revolutionizing the market.

Market Trends:

Use of bioplastics in packaging is on the rise as they provide renewable and biodegradable alternatives to fossil fuel-based plastics. Innovation in recyclable and compostable flexible packaging formats is also gaining traction in the Green Packaging Market Demand.

Adoption of advanced recycling technologies like chemical and feedstock recycling allows previously unrecyclable materials to be recycled, diverting more waste from landfills.

Market Opportunities:

Increasing collaboration between packaging manufacturers, brands and recyclers to close the loop in packaging value chains through initiatives like the Holy Grail 2.0 project presents lucrative opportunities.

Growing e-commerce has boosted demand for more sustainable and efficient packaging, offering opportunities for green packaging producers to scale up.

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