 |
| Global Green Packaging Market Size |
Green packaging refers to the packaging products and processes that are environmentally
sustainable and cause no pollution along the supply chain. It involves the use
of recycled materials during production, biodegradable materials, minimal
packaging, and reduced toxicity. Green packaging helps protect consumer
products while reducing pollution by decreasing plastic usage, eliminating
waste, and minimizing carbon emissions. The growing demand for sustainable
packaging options from various industries including food and beverages,
pharmaceuticals, and consumer goods is fueling the demand for green packaging
materials.
The global
Green Packaging Market is estimated to be valued at US$ 218337.6 Mn in 2023 and is expected to exhibit a CAGR of 6.3% over the forecast period
2023 to 2030, as highlighted in a new report published by Coherent Market
Insights.
Market key trends:
The increased demand for sustainable packaging materials from various
industries is one of the major trends driving the growth of the green packaging
market. Various businesses are increasingly adopting green packaging solutions
as consumers are paying more attention to eco-friendly products and packaging.
Companies are replacing plastic and other non-biodegradable materials with
green packaging options such as paper from sustainably managed forests and
agriculturally based plastics to attract conscious customers. Advancements in
green packaging technologies and availability of innovative and affordable
eco-friendly materials are also supporting the green packaging market growth.
However, high costs of certain green packaging solutions currently remain a
challenging factor.
Segment Analysis
The global green packaging market is dominated by the recycled content segment.
This segment held around 40% share of the overall market in 2022 owing to
increasing focus on waste reduction and reuse of materials. The recycled
content segment includes packaging produced from recycled materials such as
paper, plastic, glass and metals. It helps reduce the dependency on virgin
materials for packaging.
Key Takeaways
Global
Green Packaging Market Size is expected to witness high growth over the
forecast period of 2023 to 2030.
Regional
analysis related content comprises Asia Pacific represents the fastest growing
region in the global green packaging market. Growing environmental concerns and
stricter regulatory policies are driving the adoption of green packaging in
countries such as China, India and Japan.
Key players related content comprises Key players operating in the green
packaging market are Amcor PLC, Mondi PLC, Sealed Air Corporation, Tetra Pak
and Ball Corporation. Amcor PLC holds around 15% market share owing to its vast
product portfolio and geographical presence across major markets.
Explore More Related Article On This
Topic: https://www.pressreleasebulletin.com/green-packaging-market-trends/
Explore More Healthcare Related
Article: https://allmeaninginhindi.com/unveiling-the-stealthy-threat-of-catheter-related-blood-stream-infection/