Green Packaging Market by Application (Food & Beverage, Personal Care, Healthcare, and Others), and Packaging Type (Recycled Content Packaging Reusable Packaging and Degradable Packaging), and Material (Paper, Plastic, Metal, and Others): Global Opportunity Analysis and Industry Forecast, 2022–2031
Green packaging or sustainable packaging is a term used in manufacturing for materials that have low or negligible impact on the environment. It is energy efficient and uses eco-friendly methods, recycled or biodegradable materials.
Owing to rise in awareness among consumers about their health and hygiene, food and beverage segment has generated highest revenue in 2020. Health care segment is anticipated to witness major boost during the forecast period owing to use of bio-plastics in pharmaceutical industries. Recycled content packaging generated highest revenue owing to increase in demand of reusable package components. Europe has dominated the market in 2020, owing to rise in population of health-conscious consumers coupled with eco-friendly technologies.
The outbreak of COVID-19 has negatively affected the manufacturing activities and disrupted the distribution network of the green packaging market globally. People were forced to stay in their homes to limit the spread of the disease. Government’s stringent rules regarding social distancing and complete lockdowns resulted in huge losses for vendors operating in the market. All the major key players and other sales channel were closed during the lockdown period. However, a V-shaped recovery is expected in the post-COVID-19 period.
The report segments the market based on application, packaging type, material and geography. By application, it includes food & beverage packaging, personal care packaging, health care packaging, and others. By packaging type, it is subcategorized into recycled content packaging, reusable packaging, and degradable packaging. By Material, it includes paper, plastic, metal, and others. Geographically, it is analyzed across North America (U.S., Mexico, and Canada), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, and Rest of Asia-Pacific), and LAMEA (Brazil, Argentina, UAE, South Africa, Saudi Arabia, and Rest of LAMEA).
Major players in green packaging market are Amcor Limited, E. I. DuPont de Nemours and Company, Mondi Limited, Sealed Air Corporation, TetraPak International S.A., Ardagh Group Co., PlastiPak Holdings, Inc., Bemis Company, Inc., Uflex limited, and ELOPAK AS.
Key Market Benefits for Stakeholders
The report provides extensive analysis of the current & emerging trends and opportunities in the green packaging market.
The report provides detailed qualitative and quantitative analyses of current trends and future estimations, which help to understand the prevailing market opportunities.
A comprehensive analysis of factors that drive and restrict the growth of the Green Packaging market is provided in the study.
An extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
The report provides extensive qualitative insights on the potential & niche segments as well as countries exhibiting favorable growth.
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