DUBLIN--(BUSINESS WIRE)--The "Global Green Packaging Market - Segmented by Materials (Plastics, Metals), End-User, and Region - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The Global Green Packaging Market was valued at USD 171.57 billion in 2017, and is expected to reach a market value of USD 246.7 billion by 2023, registering a CAGR of 6.24%, during the forecast period of 2018-2023.
Innovations in recent times have enabled the development of sustainable and customized flexible packaging solutions, which have led to a rise in the green packaging market. The emergence alternative materials based on polymers in the packaging industry, such as bio-plastics in line with the existing demand for environment-friendly packaging, is expected to drive the market during the forecast period.
Food consumption has witnessed a high growth in the recent past, creating a demand for the packaged food products with an extended shelf life and sterility. The dynamic structure of the food industry is evolving, as different parts of the supply chain are turning towards innovation to meet the increasing needs of the consumers.
The region occupies the highest share owing to high demand in the end user industries, specifically, in the food & beverage industry. A growing middle-class population that is increasingly becoming affluent and conscious of health and environmental issues also boosts the demand. Moreover, the initiatives are taken by respective governments, such as, in Singapore where the companies will have to report their packaging data and submit packaging reduction plans by 2021.
- Mondi Group
- Sealed Air
- Tetra Pak International S.A.
- Amcor Limited
- Ds Smith Plc
- Crown Holdings Incorporated
- Sonoco Products Company
- Ardagh Group S.A.
- Plastipak Holdings Inc
- Uflex Ltd
- Westrock Company
- Emerald Packaging
Key Topics Covered:
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
5. Global Green Packaging Market Segmentation
6. Competitive Intelligence - Company Profiles
7. Investment Analysis
8. Future Outlook of Green Packaging Market
For more information about this report visit https://www.researchandmarkets.com/research/x5qnrw/global_green?w=4