Green Packaging Market was valued at US$ 274.2 Bn. in 2020 and is expected to reach US$ 412.3 Bn. by 2027, at a CAGR of 6% during a forecast period.
Green Packaging Market Overview:Green Packaging Market was valued at US$ 274.2 Bn. in 2020. Green packaging is also called sustainable packaging. It is a type of packaging that uses sustainable materials and production processes to prevent environmental impact. A number of items are made using plant-based polymers, recycled packaging materials, and biodegradable materials. Green packaging also incorporates the use of renewable energy sources in transportation, such as biofuels, wind, and solar. All of these actions contribute to the reduction of carbon footprints and the restoration of environmental equilibrium. As a result, many manufacturers are shifting away from typical synthetic packaging and toward more environmentally friendly options. To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2016 to forecast the market through 2027. 2020 is considered a base year. Special attention is given to 2020 and effect of lockdown on the demand and supply, and also the impact of lockdown for next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report. COVID-19 Impact on Green Packaging Market: The green packaging market has been significantly damaged in recent months as a result of the lockdowns enforced in the majority of countries as a result of the COVID-19 outbreak in December 2019. Several countries, including Italy, the United States, and India, experienced curfew-like situations in which companies (save for necessary goods and services) were not permitted to operate. Due to the substantial utilization of green packaging in these sectors, the closure of restaurants and hotels, as well as most industrial sites, has a considerable impact on the demand for green packaging. Packaging material manufacturing methods consume energy and generate trash, making it non-sustainable. Designers, on the other hand, can make packaging materials more sustainable by taking into account the environmental consequences of their creation, use, and disposal. The primary drivers for the growth of the green packaging market are stringent government rules and legislation that force firms to pick sustainable packaging solutions over traditional packaging materials. Changing consumer preferences for more sustainable packaging materials, as well as rising urbanization, are driving the market growth.
Green Packaging Market Dynamics:Consumers' awareness of sustainable packaging continues to increase, coupled with increasing bans on single-use plastic products by governments around the world, and is expected to drive the business forward. Due to the rise of the food and beverage industry, more and more packages made of degradable and recyclable materials are used, and the industry is expected to grow at a steady rate. Disposable plastic straws, lids, cups, and food trays are being replaced by paper products or compostable alternatives in the foodservice industry. Due to the increasing preference of consumers for convenience foods and packaged foods, the demand for products in the catering service industry will continue to rise. The food and beverage industry is increasingly concerned about the environmental impact of plastic bottles, prompting many companies to use recycled plastic in their bottle designs, driving the market growth. The rise of the green packaging market is mainly due to the increasing awareness of consumers and the industry on environmental issues. As the public awareness of environmental issues grows stronger, there is an increasing demand for environmentally friendly packaging and processing activities. Manufacturers decrease raw resources by downgrading, creating thinner and lighter packaging, and removing trash from sustainable development activities. Concerns about sustainability, the environment, ethics, safety, quality, and product pricing are becoming increasingly significant when purchasing items. Many of these issues are also governed by legislation, which is likely to benefit the global green packaging business. In the personal care industry, sustainable packaging materials are also used. Marine plastics are becoming more and more popular, and some brands recycle marine plastics from the ocean and beaches for product packaging. Green packaging techniques that use bioplastics as a raw material in a number of industries, including FMCG, personal care, and pharmaceuticals, are becoming more popular among luxury goods consumers. The market is constricted because the volume of solid waste created exceeds the capacity for recycling. Oil-based polymers are employed in a wide range of packaging applications. This chemical is non-biodegradable and difficult to recycle or reuse since it can get contaminated. Biodegradable polymers made from renewable resources were developed to address the shortcomings of non-biodegradable materials.
Green Packaging Market segment analysis:Based on application, the Food and beverage segment held the largest market share of xx% in 2020. Because of the growing popularity of green packaging, many restaurants, fast food chains, packaged food companies, and casual dining facilities are embracing moulded pulp packaging and biodegradable packaging, which is expected to boost the food and beverage industry. Many personal care product makers are moving toward greener solutions by lowering the amount of material used in packaging. Based On packaging type, the Recycled Content Packaging segment held the largest market share of xx% in 2020, owing to increasing demand for bioplastics, increasing government regulation are the parameters that are helpful for increasing the market growth during the forecast period. These materials are reused as raw materials by manufacturers to create new packaging products, reducing excess pollution created by packaging waste. Packaging that can be reused, recycled, or biodegradable facilitates trash management and produces less waste than packaging that does not meet any of these criteria.
Green Packaging Market Regional Insight:Europe region held the largest market share of xx% in 2020. Because of the European Union's and other European countries' severe prohibitions on the use of single-use plastics, The European Directive introduced the concept of a circular economy, along with sustainability principles and goals. Companies in Europe have begun to follow the circular economy roadmap by embracing recyclable, recycled, and biodegradable products. APAC is the second dominant region and it held xx% of the share in 2020. Factors such as the growth of recyclable and reusable materials, new eco-friendly technologies, and government backing are influencing the region's packaging future. Additionally, major investments in product development and packaging technology updates increase the size of the region’s packaging market. Moreover, the region's growing e-commerce businesses drive long-term packaging market growth. Recent Developments: • Amcor Ltd, in collaboration with 35 prominent consumer goods firms, announced initiatives to dramatically cut plastic waste in December 2020. Amcor and its coalition partners, which have a combined revenue of 1 trillion euros, will impose two new design requirements to create packaging that is easier and more cost-effective to recycle. • April 2020 - Ball Corporation announced the five aluminium packaging plants that have made the most significant operational and social sustainability improvements, including progress in the areas with the greatest sustainability impact across operations, as well as promotion of aluminium packaging sustainability credentials and engagement in their local communities. The objective of the report is to present a comprehensive analysis of the Green Packaging market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Green Packaging market dynamics, structure by analyzing the market segments and projects the Green Packaging market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Green Packaging market make the report investor’s guide.
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Green Packaging Market Report Coverage Details Base Year: 2020 Forecast Period: 2021-2027 Historical Data: 2016 to 2020 Market Size in 2020: US $ 274.2 Bn. Forecast Period 2021 to 2027 CAGR: 6 % Market Size in 2027: US $ 412.3 Bn. Segments Covered: by Application • Food and Beverage • Personal Care • Health Care • Others by Packaging Type • Recycled Content Packaging • Reusable Packaging • Degradable Packaging
Green Packaging Market, by Region• North America • Europe • Asia Pacific • Middle East and Africa • South America
Green Packaging Market Key Players• Amcor Limited • Ardagh Group Co. • Mondi Limited • Sealed Air Corporation • TetraPak International S.A. • PlastiPak Holdings, Inc. • Bemis Company, Inc. • Uflex limited • ELOPAK AS • WestRock Company • BASF SE • Sonoco Products • Smurfit Kappa Group PLC • Huhtamaki OYJ • Nampak • Ball Corp. • DS Smith • DuPont Frequently Asked Questions: 1. Which region has the largest share in Green Packaging Market? Ans: Europe region holds the highest share in 2020. 2. What is the growth rate of Green Packaging Market? Ans: The Green Packaging Market is growing at a CAGR of 6 % during forecasting period 2021-2027. 3. What segments are covered in Green Packaging market? Ans: Green Packaging Market is segmented into application, packaging type and region. 4. Who are the key players in Green Packaging market? Ans: The important key players in the Green Packaging Market are – Amcor Limited, Ardagh Group Co., Mondi Limited, Sealed Air Corporation, TetraPak International S.A., PlastiPak Holdings, Inc., Bemis Company, Inc., Uflex limited, ELOPAK AS, WestRock Company, BASF SE, Sonoco Products, Smurfit Kappa Group PLC. 5. What is the study period of this market? Ans: The Green Packaging Market is studied from 2020 to 2027.
1. Global Green Packaging Market: Research Methodology 2. Global Green Packaging Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Green Packaging Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Green Packaging Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Green Packaging Market Segmentation 4.1. Global Green Packaging Market, by Application (2020-2027) • Food and Beverage • Personal Care • Health Care • Others 4.2. Global Green Packaging Market, by Packaging Type (2020-2027) • Recycled Content Packaging • Reusable Packaging • Degradable Packaging 5. North America Green Packaging Market(2020-2027) 5.1. North America Green Packaging Market, by Application (2020-2027) • Food and Beverage • Personal Care • Health Care • Others 5.2. North America Green Packaging Market, by Packaging Type (2020-2027) • Recycled Content Packaging • Reusable Packaging • Degradable Packaging 5.3. North America Green Packaging Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Green Packaging Market (2020-2027) 6.1. European Green Packaging Market, by Application (2020-2027) 6.2. European Green Packaging Market, by Packaging Type (2020-2027) 6.3. European Green Packaging Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Green Packaging Market (2020-2027) 7.1. Asia Pacific Green Packaging Market, by Application (2020-2027) 7.2. Asia Pacific Green Packaging Market, by Packaging Type (2020-2027) 7.3. Asia Pacific Green Packaging Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Green Packaging Market (2020-2027) 8.1. Middle East and Africa Green Packaging Market, by Application (2020-2027) 8.2. Middle East and Africa Green Packaging Market, by Packaging Type (2020-2027) 8.3. Middle East and Africa Green Packaging Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Green Packaging Market (2020-2027) 9.1. Latin America Green Packaging Market, by Application (2020-2027) 9.2. Latin America Green Packaging Market, by Packaging Type (2020-2027) 9.3. Latin America Green Packaging Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Amcor Limited 10.1.1. Financial Overview 10.1.2. Global Presence 10.1.3. Capacity Portfolio 10.1.4. Business Strategy 10.1.5. Recent Developments 10.2. Ardagh Group Co. 10.3. Mondi Limited 10.4. Sealed Air Corporation 10.5. TetraPak International S.A. 10.6. PlastiPak Holdings, Inc. 10.7. Bemis Company, Inc. 10.8. Uflex limited 10.9. ELOPAK AS 10.10. WestRock Company 10.11. BASF SE 10.12. Sonoco Products 10.13. Smurfit Kappa Group PLC 10.14. Huhtamaki OYJ 10.15. Nampak 10.16. Ball Corp. 10.17. DS Smith 10.18. DuPont