Green packaging or sustainable packaging is a term used in manufacturing for materials that have a low or negligible impact on the environment. It is energy efficient and uses eco-friendly methods, and recycled or biodegradable materials. The global green packaging market is expected to grow at a CAGR of 5.41% from 2016 to 2022 to reach $207,543 million by 2022 from $132,556 million in 2015.
Owing to the rise in awareness among consumers about their health and hygiene, the food and beverage segment has generated the highest revenue in 2014. The health care segment is anticipated to witness a major boost during the forecast period owing to use of bio-plastics in pharmaceutical industries. Recycled content packaging generated the highest revenue owing to the increase in demand for reusable package components. Europe has dominated the market in 2014, owing to the rise in the population of health-conscious consumers coupled with eco-friendly technologies.
The report segments the market based on application, packaging type, and geography. By application, it includes food & beverage packaging, personal care packaging, health care packaging, and others. By packaging type, it is subcategorized into recycled content packaging (paper, plastic, metal, glass, and others), reusable packaging (drums, plastic containers, and others), and degradable packaging. Geographically, it is analyzed across North America (U.S., Mexico, and Canada), Europe (UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and the Rest of Asia-Pacific), and LAMEA.
Major players profiled in this study are: Amcor Limited E. I. DuPont de Nemours and Company Mondi Limited Sealed Air Corporation TetraPak International S.A. Ardagh Group Co. PlastiPak Holdings, Inc. Bemis Company, Inc. Uflex limited ELOPAK AS.
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KEY BENEFITS FOR STAKEHOLDERS
This report provides a quantitative analysis of the current market and estimations for the key market segments during 20142022 to identify the prevailing market opportunities. Porter's Five Forces analysis highlights the external factors that affect the market and related companies. Competitive intelligence helps in understanding the global competitive scenario. Comprehensive analyses of the current and future trends in the global green packaging market are discussed in this report.
KEY MARKET SEGMENTS
By Packaging Type Recycled Content Packaging Paper Plastic Metal Glass Others Reusable Packaging Drums Plastic Containers Others Degradable Packaging
By Application Food and Beverage Personal Care Health Care Others
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By Geography North America U.S. Canada Mexico Europe UK Germany France Italy Rest of Europe Asia-Pacific China India South Korea Japan Rest of Asia-Pacific LAMEA Latin America Middle East Africa
Other companies BASF SE Catalyst Paper Clorox Company Berry Plastics TetraLaval Printpack Inc Ball Corporation Innova Films Ltd Phoenix Technologies
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