Nagaland News Today

Green Packaging Market To Showcase Surprising Stability in Key Business Segments Till 2024 – Key Players: Amcor, Evergreen Packaging, BASF SE, Rexam, DuPont, Sealed Air, DS Smith | Million Insights

Green Packaging Market To Showcase Surprising Stability in Key Business Segments Till 2024 – Key Players: Amcor, Evergreen Packaging, BASF SE, Rexam, DuPont, Sealed Air, DS Smith | Million Insights

July 22
05:23 2021
Green Packaging Market To Showcase Surprising Stability in Key Business Segments Till 2024 - Key Players: Amcor, Evergreen Packaging, BASF SE, Rexam, DuPont, Sealed Air, DS Smith | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, strict government policy regarding sustainability, rising use of edible packaging material, growing packaging companies, and rising consumer awareness regarding advantages of eco-friendly materials are documented as major factors of green packaging industry that are estimated to enhance the growth from 2015 – 2024.

Global Green Packaging Market is expected to reach USD 237.8 billion by 2024. Green Packaging is also termed as sustainable packaging or energy efficient packaging. It has low impact on environment and energy consumption. The packaging involves the usage of biodegradable and recyclable material. There are various materials available in the market for the production of green packaging products like recycled papers, biodegradable plastics, solid bleach sulfate, and bio-based plastics. The Green Packaging Market is estimated to grow at a significant CAGR of 5.7% over the future period as the scope and its applications are rising enormously across the globe.

Strict government policy regarding sustainability, rising use of edible packaging material, increasing packaging companies, and rising consumer awareness regarding advantages of eco-friendly materials are documented as major factors of Green Packaging Market that are estimated to enhance the growth in the years to come. However, high cost of production and varying raw material cost may restrain overall market growth in the coming years. Green Packaging Industry is segmented based on type, application, and region.

To download the sample PDF of “Green Packaging Market Report” please click here:
https://www.millioninsights.com/industry-reports/green-packaging-market/request-sample

Degradable packaging, recycled content packaging, and reusable packaging are the types that could be explored in Green Packaging in the forecast period. Reusable packaging includes plastic container, drum, and others. On the other hand, recycled content packaging includes glass, paper, metal, plastic, and others. The recycled content packaging sector accounted for the largest market share over 57.5% and is estimated to lead the overall market in the coming years. This may be because of high demand in food and beverage sector. Also, recycle packaging may extend the life of products and is made of strong materials. It can be reused and extends the shelf life of products.

The market may be categorized based on applications like healthcare, food & beverages, personal care, and others that could be explored in Green Packaging in the coming years. Food & beverage segment accounted for the largest market share over 58.6% of Green Packaging and is estimated to continue its dominance in the coming years. This may be because of high demand from food and beverage industries for packaging of products and growing numerous restaurants and diners. Also, healthcare segment is estimated to grow at significant CAGR in the coming years.

Globally, North America accounts for the largest market share of Green Packaging and is estimated to lead the overall market in the upcoming period. The reason behind the growth could be government initiative to promote eco-friendly products and strict policy against use of products harming environment and rising awareness amongst populace. The United States is a major consumer of Green Packaging in this region.

Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share as promising governing inclinations. However, Asia Pacific is estimated to grow at fastest pace with the highest CAGR in the foremost period. The aspects that may be ascribed to the growth comprise government initiatives for acceptance of environment friendly solutions, rising awareness amongst consumer regarding eco-friendly products, and high demand for sustainable practices. The developing countries like India and China are the major consumer of Green Packaging in this region.

The key players of Green Packaging Market are Be Green Packaging, Amcor Limited, Evergreen Packaging, BASF SE, Rexam, DuPont, Sealed Air, DS Smith, Tetra Laval, and Mondi. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

To browse report summary & detailed TOC, please click the link below:
https://www.millioninsights.com/industry-reports/green-packaging-market

Market Segment:

Green Packaging Type Outlook (Revenue, USD Million, 2015 – 2024)
    • Recycled Content Packaging
        • Paper
        • Plastic
        • Metal
        • Glass
        • Other
    • Reusable Packaging
        • Drum
        • Plastic Container
        • Other
    • Degradable Packaging

Green Packaging Application Outlook (Revenue, USD Million, 2015 – 2024)
    • Food and Beverage
    • Personal Care
    • Health Care
    • Others

Green Packaging Regional Outlook (Revenue, USD Million, 2015 – 2024)
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World (RoW)

Browse the Latest Press Releases Available with Million Insights:

Caps And Closures Market – The global caps and closures market is estimated to arrive at USD 143,699.6 million by 2030. It is projected to develop by 5.0% CAGR in the period of forecast.

Contact Center As A Service Market – The global contact center as a service market size is estimated to arrive at USD 10.80 billion by 2028. It is projected to develop by 15.7% CAGR from 2021 to 2028.

About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/green-packaging-market

About Author

admin

admin