Global Green Packaging Market is Expected to Expand at a Compound Annual Growth Rate (CAGR) of 6.50% Over the Forecast Period i.e. 2016-2024

New York, USA, 2018-Aug-17 — /EPR Network/ —Government regulations, demand from retailers and investment over R&D by packaging industry players are playing significant role in the growth of green packaging market. In 2017, National Environment Agency (NEA) initiated two new packaging waste reduction plans in Singapore.

Additionally, to encourage and develop sustainable environment, leading multinational packaging and chemical companies such as BASF, DuPont, Eastman and many more collectively formed a community named “Together for Sustainability”. This community backs the programs for sustainable development initiatives introduced by United Nations Global Compact (UNGC) and the Responsible Care Global Charter. Such initiatives are expected to boost the growth of global green packaging market in the nearby future.

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The other major factor is the general public or the end consumers. Negative public perceptions of conventional packaging have driven much of the debate over sustainable packaging far. On the other hand, retailers and FMCGs (fast moving consumer goods) are also creating significant environment for the green packaging market growth. For instance, Coca-Cola Enterprises commitment to decrease its total carbon footprint of business operations by 15% (compared to 2007) and recover the equivalent of 100% of packaging by 2020.

Global Green Packaging Market Outlook, 2016-2024” covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe. Moreover, competitive analysis includes the in-depth analysis of the major players and leaders in Green Packaging industry. The market study conducted on the basis of primary as well as secondary research where the analysts fragment the data from various databases such as Bloomberg, Factiva, Owler and others. Our primary research team conducted various interviews, surveys and group discussions of industry professionals, Green Packaging manufacturers, aftermarket vendors and component suppliers to analyze the future prospects of the overall green packaging industry.

Global Green Packaging Market Segmentation can be classified on the basis of:-

Based on Product Type

  • Recyclable Green Packaging
  • Reusable Green Packaging
  • Degradable Green Packaging

Based on End-User

  • Food & Beverages
  • Personal and Home Care Goods
  • Healthcare & Pharmaceuticals
  • Others (Textile, Chemical)

Based on Geography

  • North America (U.S. & Canada) {Market Size (USD Billion), Growth Analysis (%) and Production (Tonnes)}
  • Latin America ( Brazil , Mexico & Rest of Latin America) {Market Size (USD Billion), Growth Analysis (%) and Production (Tonnes)}
  • Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) {Market Size (USD Billion), Growth Analysis (%) and Production (Tonnes)}
  • Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) {Market Size (USD Billion), Growth Analysis (%) and Production (Tonnes)}
  • Middle East & Africa (GCC, South Africa, North Africa, RoMEA) {Market Size (USD Billion), Growth Analysis (%) and Production (Tonnes)}

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Market Trends, Drivers and Challenges

Green packaging solutions are developed in order to curb the waste generated from the solid non-degradable packaging materials. According to the data provided by Department for Environment Food & Rural Affairs (DEFRA) UK, packaging contributes nearly 3% of land-filled waste by volume. As per DEFRA, in 2014 over 82 million tons of packaging waste was generated in Europe of which 41% wastecomes from paper & cardboard packaging. In United States also, around 30% of total solid waste generated, comes from containers and packaging.Green packaging solutions use biodegradable materials to offerprofessionally designed packaging which can be easily reused and recycled. Proliferation of regulation and policy measures (such as taxation) by the government will lead to the significant adoption of green packaging solutions over the forecast period and will aid the market growth.

“Global Green Packaging Market Report” has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global green packaging market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

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Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear-cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview.

Our analysts working on packaging industry research reports helping various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

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