Global green packaging market, 2024-2030

Green packaging includes the use the sustainable materials and manufacturing methods for the packaging of goods. It involves biodegradable and plant-based plastics along with recycled molded packaging and used polyethylene bags to produce various products. Green packaging has a reduced carbon footprint as compared to the conventional packaging methods. This helps to support human and ecological health in the long run. The green packaging method also lessens the amount of waste and emissions generated in the manufacturing process.

The global green packaging market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global green packaging market is growing at a fast pace and increasing its geographical footprint rapidly. The global green packaging market is valued at US $ xxx million dollars in 2018 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2023 in value.

The growing awareness about environmental impacts caused by the conventional plastic packaging is leading to a number of companies using recycled plastic (rPET) in their bottle design, thus, boosting the market growth. Further, stringent government rules for environment protection along with the industrial trend of adopting renewably sourced materials in the manufacturing process is also driving the market growth. Additionally, healthcare and food & beverage companies also prefer green packaging products that can be easily recycled.

Inadequate number of government initiatives, especially in the developing countries, through subsidies for recycling and lack of space for storing recycled material are the major restraining factor for the green packaging market.

The green packaging market has remarkable usage across all major regions in the world including Europe, APAC, North America, Middle East and Africa, and South America. The key players in global green packaging market are Amcor Limited, Sealed Air Corporation, Mondi Group PLC, and TetraPak International SA, Ardagh Group Co., PlastiPak Holdings, Inc., Bemis Company, Inc., Uflex limited, and ELOPAK AS., and so on.

Research Methodology

The research process includes the market segmentation of the global green packaging market, identifying the growth determinants of every market segment and market forecasts. The primary source from the supply side includes industry experts, CEOs, vice president, directors, and key executives of various industry players. The primary source from demand side includes marketing manager and experts from various application industries. Market Krystal held more than 40 interviews for this study, details of which are mentioned:

By company type:

Manufacturers (40%), Suppliers (20%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (35%), Asia (25%), Europe (25%), Rest of the World (15%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the global green packaging industry dynamics
• Estimation of the present global green packaging market size in terms of value and volume
• Global green packaging market breakup based on type and application
• Substantiated global green packaging market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of global green packaging industry value chain