Green Packaging Market reached USD 255.1 billion in 2023 and is expected to reach USD 350.5 billion by 2031, growing with a CAGR of 7.2%.
The Global Green Packaging Market reached USD 255.1 billion in 2023 and is expected to reach USD 350.5 billion by 2031, growing with a CAGR of 7.2% during the forecast period 2024-2031.
Green Packaging refers to sustainable packaging solutions that minimize environmental impact. It uses materials like bioplastics, recycled paper, and plant-based polymers that are biodegradable, recyclable, or reusable. The goal is to reduce carbon footprints, waste, and reliance on non-renewable resources. Green packaging supports circular economy principles by focusing on reducing, reusing, and recycling. It is widely adopted in industries such as food, e-commerce, and personal care, driven by consumer demand and regulatory policies.
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Key Players:
Profiles of some of the major players in the global Green Packaging market, which include
BASF SE, WestRock Company, Amcor Limited, Sealed Air, Mondi PLC, Bemis Company Inc., The Dow Chemical Company, Ball Corporation, L'Oreal International and Tetra Pack.
Industry Development:
✔ In February 2023, Sealed Air, a North Carolina-based packaging company, acquired Liquibox, a producer of environmentally friendly liquid packaging solutions. This acquisition aligns with Sealed Air's strategic focus on expanding its portfolio for the food and beverage industry, specifically targeting the growing consumer demand for sustainable packaging alternatives. Liquibox's expertise in liquid packaging technology will enhance Sealed Air's ability to offer eco-friendly solutions that meet the needs of consumers and businesses alike. This move also strengthens Sealed Air's position in the competitive sustainable packaging market, reflecting the increasing emphasis on environmental responsibility.
The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Green Packaging market.
Market Segments:
The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.
✦ By Packaging Type: Paper, Plastic, Metal, Glass.
✦ By Reusable Packaging Type: Drums, Plastic Containers, Others.
✦ By End-User Type: Food industry, Healthcare industry, Personal Care Industry, Others.
Regional Break out:
The global Green Packaging Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
Points Covered:
⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Green Packaging market segments, study objectives, and years considered.
⏩ Market Landscape: The competition in the Global Green Packaging Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.
⏩ Companies Profiles: The global Green Packaging market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.
⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.
⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Green Packaging Market.
⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.
⏩ Research Findings: This section of the report showcases the findings and analysis of the report.
⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.
FAQ's
Q.1. What are the primary drivers of the Green Packaging Industry?
Q.2. What are the main factors propelling and impeding the growth of the Green Packaging market?
Q.3. What are the general structure, risks, and opportunities of the market?
Q.4. How do the prices, revenue, and sales of the leading Green Packaging market firms compare?
Q.5. What are the main segments of the market and how is it divided up?
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