The global green packaging market size is anticipated to reach USD 237.8 billion by 2024, according to a new study by Grand View Research, Inc. The favorable government initiatives and increased public awareness about eco-friendly products are expected to boost the industry growth. The industry is anticipated to witness an upsurge in the demand for sustainable packaging in the food & beverage, personal care, and healthcare industries. Edible packaging is anticipated to gain market penetration over the next eight years.
The high cost of production and fluctuating raw material price may hinder the growth of the industry over the forecast period. Poor recycling facilities and the high cost of recycling may also obstruct the industry’s growth over the forecast period.
View summary of this report @ http://www.grandviewresearch.com/industry-analysis/green-packaging-market
Further key findings from the study suggest:
·
Green packaging is used in applications such as
personal care, food & beverages, chemical, transport, healthcare,
electronics, appliances, textile, and automotive. The increasing environment
concerns and the growing concern over the use of toxic material in packaging is
anticipated to favor the growth of green packaging in the food & beverage,
healthcare, and personal care industries.
·
The types of green packaging available in the
market include reusable packaging, recycled content packaging, and degraded
packaging. The key reusable packaging available in the market includes wooden
pallets, plastic boxes, containers, industrial compressed gas cylinders,
reusable field bins for fruits, drums, and many others.
·
Carbon footprint is one of the major hazards
associated with manufacturing plastic through crude oil. The use of bioplastics
is expected to reduce carbon footprints substantially and is being promoted by
major regulatory bodies around the world.
·
The North American market accounted for around
28% of the global revenue share in 2015 and the region’s growth is driven by
government regulations and consumers’ preference toward eco-friendly products.
Introduction of new government regulations in Europe is anticipated to boost
the bioplastics packaging market in the near future.
·
The key industry participants include Be Sealed
Air, DS Smith, Mondi, Evergreen Packaging, DuPont, Green Packaging, Rexam,
Amcor, and Tetra Laval. The industry may witness a number of mergers and
acquisitions as the key players may look to expand into either different
segments or different regions. Recently, Amcor acquired a number of companies,
such as Nampak Flexibles and Alusa, in order to enhance its offering and expand
its market reach. The acquisition of Alusa allowed Amcor to expand its market
in North and South America while the acquisition of Nampak Flexibles is
expected to provide a platform to the company for growth in the African region.
·
In September 2015, Mondi Group signed an
agreement to acquire Ascania nonwoven Germany. The acquisition will strengthen
Mondi’s position as the preferred supplier of hygiene components.
·
In April 2016, Tetra Pak announced the launch of
a new version of its Tetra Top package, which consists of more than 80% of
plant-based materials.
Browse
more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/automotive-and-transportation
Grand View Research has segmented the global green packaging market on the basis of parking site, application, and region.
Green Packaging Application Outlook (Revenue, USD Million, 2015 - 2024)
·
Food and Beverage
·
Personal Care
·
Healthcare
·
Other
Green Packaging Type Outlook (Revenue, USD Billion,2015 - 2024)
·
Recycled Content Packaging
o
Paper
o
Plastic
o
Metal
o
Glass
o
Other
·
Reusable Packaging
o
Drum
o
Plastic Container
o
Other
·
Degradable Packaging
Green Packaging Regional Outlook (Revenue, USD Billion, 2015 - 2024)
·
North America
·
Europe
·
Asia Pacific
·
ROW
For press release of this report - http://www.grandviewresearch.com/press-release/global-green-packaging-market
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry
James
Corporate
Sales Specialist, U.S.A.
Grand
View Research, Inc.
United
States
Phone: 1-415-349-0058
Toll
Free: 1-888-202-9519
Email: sales@grandviewresearch.com
No comments:
Post a Comment