A new Transparency
Market Research report states that the global green packaging market
was valued at US$132.4 bn in 2014 and is predicted to reach US$203.1
bn by 2021. It is expected to rise at a CAGR of 6.20% between 2015
and 2021. The title of the report is “Green Packaging Market
- Global Industry Analysis, Trend, Size, Share and Forecast 2015 –
2021”.
Packaging is one of
the most important promotional tools to attract consumers. For
consumers, packaging refers to safety convenience and comfort whereas
for manufacturers, packaging represents profit and survival. The
toxic materials used in packaging are contributing to environmental
issues such as water pollution, land fill and air pollution. One of
the new additions to the environmental concern for packaging is green
packaging or sustainable packaging. In broader sense, “green
packaging” means the type of packaging that is eco-friendly.
Companies implementing green packaging are reducing their carbon
footprints and are using recycled material for packaging. The global
green packaging market is expected to experience a stable growth
throughout the forecast period. The green packaging market is
segmented on the basis of application, packaging type, and geography.
The various categories of the packaging type include recycled content
packaging, degradable packaging and reusable packaging.
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Research Report of Green Packaging Market :
The recycled content
packaging is further bifurcated into paper packaging, plastic
packaging, glass packaging and metal packaging among others. The
reusable packaging is further segmented into drums, plastic container
and others. By application, the green packaging market has been
segmented into food and beverage packaging, personal care packaging,
health care packaging and others. In addition, the report provides a
cross-sectional analysis of all the above segments with respect to
different geographical regions including North America, Europe, Asia
Pacific and Rest of the World (ROW).
This study focuses
on current market trends and the forecast from 2015 to 2021. The
current market scenario for global green packaging market and future
trends that are expected have an impact on growth and demand of green
packaging is provided in the report. This report provides the present
market size and forecast till 2021. The micro economic factor
affecting the demand and growth of the market has also been provided
in the report.
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PDF file of Green Packaging Market :
In the global green
packaging market, among the application segment the food and beverage
packaging held the largest market share in 2014 and is expected to
grow at a CAGR of 6.4% during the forecast period from 2015-2021.Food
and beverage industries are the largest consumer of green packaging.
As the demand for eco friendly packaging increases among consumers
the manufacturers of food and beverage products have started adopting
green packaging for their products.
The U.S. is the
largest market for green packaging because of the extensive use of
eco friendly packaged products. Asia-Pacific region especially India
and China are the fastest growing market for green packaging .Huge
concentration of food and beverage industries which is the major
consumer of green packaging products is one of the key factors
driving the green packaging market in Asia Pacific. The developed
countries like Canada and Japan offers one of the largest market but
growth rate is slow since the market penetration of green packaging
market is the highest. Europe is one of the major markets globally
for green packaging and is expected to have a healthy growth over the
forecast period.
The major players
operating in the green packaging market includes Crown holding, Tetra
Laval, Amcor, E. I. Du Pont de Nemours, Ball Corp., Biopack
Environmental Solutions, Constar International Inc. EnviroPAK and
Bemis Company among others.
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is continuously updated and revised by a team of research experts, so
that it always reflects the latest trends and information. With a
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employs rigorous primary and secondary research techniques in
developing distinctive data sets and research material for business
reports.
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