Green Packaging Market in the US 2015-2019
About Green Packaging
Green packaging is produced from sustainable, renewable, and recyclable raw materials. Green packaging technology uses materials such as paper, plastic, metal, and glass, which can be easily bent or molded as needed. One of the major advantages of green packaging is that it produces fewer toxic emissions. With increased environmental concerns worldwide and the need to reduce toxic emissions, green packaging is increasingly being adopted by the F&B, Healthcare, and Personal Care industries. This has resulted in high demand for green or sustainable packaging.
TechNavio's analysts forecast the Green Packaging Market in the US to grow at a CAGR of 6.16 percent over the period 2014-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the Green Packaging market in the US for the period 2015-2019. The market is segmented based on the following criteria: types of packaging material and end-user.TechNavio's report, the Green Packaging Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the landscape of the Green Packaging market in the US and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.Key Vendors
Technavio Announces the Publication of its Research Report – Green Packaging Market in the US 2015-2019
Technavio recognizes the following companies as the key players in the Green Packaging Market in the US: Amcor Ltd., Ball Corp., Bemis Co. Inc. and Crown Holdings Inc.
Other Prominent Vendors in the market are: Cardinal Health, Clondalkin Group Holdings, EnviroPAK, Georgia-Pacific, Graphic Packaging Holding, MeadWestvaco, Owens-Illinois, Plastipak Packaging (a subsidiary of Plastipak Holdings), Rexam, Saint-Gobain, Sealed Air and Silgan Holdings
Commenting on the report, an analyst from Technavio’s team said: “The emergence of biodegradable plastics is a major trend in the market. Biodegradable plastics are easily decomposed by microorganisms, which reduce their effect on the environment. Many government organizations, non-government organizations, industry bodies, educational institutions, and research institutes are involved in the R&D of innovative types of green packaging.”
According to the report, innovation in green packaging materials because of the introduction of several new eco-friendly products is a major contributor to market growth. This is creating intense competition between the large players in the market.
Further, the report states that lack of awareness among consumers is a major hindrance to market growth. Rapid changes in the Technology sector has made consumers opt for materials and products with a short lifespan.
Amcor , Ball , Bemis , Crown Holding, Cardinal Health, Clondalkin Group Holdings, EnviroPAK, Georgia-Pacific, Graphic Packaging Holding, MeadWestvaco, Owens-Illinois, Plastipak Packaging, Rexam, Saint-Gobain, Sealed Air, Silgan Holdings
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