Global Green Packaging Market - Upcoming Trends, Growth Drivers and Challenges – Forecast to -2019-2026
Summary -
A new market
study, titled “Global Green Packaging Market - Upcoming Trends,
Growth Drivers and Challenges – Forecast to -2019-2026 ” has been featured on WiseGuyReports.
Green packaging focuses on using packaging that is environmentally
friendly by being recyclable or reusable after its initial purpose. Green
packaging is also known as sustainable packaging has become one of the emerging
trends all over the world.
The global green packaging market was worth USD XX billion in 2017 and is
forecast to reach USD XX billion by 2025, growing at a CAGR of XX% during the
forecast period (2018-2025).
Global Green Packaging Market– Market Dynamics
Reducing shipping costs and strict government regulations pertaining to
protection of the environment are anticipated to propel market growth. Also,
surge for the environmentally friendly plastic product will provide
opportunities for the green packaging market. For instance, April 2018,
BioLogiQ, Inc., has launched three new grades of its plant-based plastic,
namely NuPlastiQ BioPolymers.
On the contrary, high cost of production and, fluctuating raw material
prices may hamper industry growth over the forecast period.
Global Green Packaging Market– Segmentation Analysis
On the basis of end user, the global green packaging market is segmented
into Food industry, Healthcare industry, Personal Care Industry, and Others.
The food Industry dominates the market due to consumer demand.
According to Environmental Leader report, 66% of consumers pay more for
products from companies committed to environmentally-friendly practices and 70%
of millennials are willing to pay more for a product that makes an impact on
issues.
The companies are focused on the expansion of business activities to
maintain a competitive edge over other players. For instance, in September
2018, WestRock Company, a provider of differentiated paper and packaging
solutions, announced that it would begin accepting mixed paper bales that
contain paper foodservice packaging at its 100% recycled paperboard mills
across the US.
Global Green Packaging Market– Geographical Analysis
Geographically, the global green packaging market is segmented into North
America, South America, Europe, Asia Pacific, and Middle East and Africa. The
Asia Pacific region dominates the market due to high demand for sustainable
packaging products from emerging economies such as India and China.
Few of the states/proviences in India and China have set a goal to be
plastic-free. For instance, the state government of Maharashtra and a few other
states in India have banned single-use plastics. This has led to packaging
converters as well as brands across the country looking for sustainable and
innovative packaging. For instance, PepsiCo India announced its plans to launch
plant-based packaging for some of its snack brands.
According to Franchise India Bureau reports, PepsiCo has announced that
it plans to launch its first ever 100% compostable plant-based packaging for
its snack brands Kurkure and Lay’s.
Global Green Packaging Market– Competitive Analysis
The global green packaging market is competitive with the presence of
various small and large players in the market. Multinational companies are
dominating the global green packaging market in recent years. WestRock Company,
Amcor Limited, Sealed Air, Mondi PLC., Bemis Company Inc., The Dow Chemical
Company, and Ball Corporation are the prominent players in the global green
packaging market. WestRock Company is one of the major company in green
packaging and is enhancing the market through acquisition. For instance, in
January 2018, WestRock company has signed a definitive agreement to acquire
KapStone Paper and Packaging Corp for USD 4.9 billion.
For instance, in December 2017, WestRock Company, one of a leading
provider of differentiated paper and packaging solutions has entered into
agreement to acquire Plymouth Packaging, Inc.
Why purchase the report?
• Visualize the composition of the global green packaging market products
across each indication, in terms of recycled content packaging, reusable
Packaging, and end-user highlighting the critical commercial assets and
players.
• Identify commercial opportunities in green packaging products market by
analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of the green packaging
products levels 4/5 segmentation.
• PDF report with the most relevant analysis cogently put together after
exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the essential green packaging products of
all major market players.
Target Audience
• Raw Material Suppliers/ Buyers
• Product Suppliers/ Buyers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Research Professionals
• Emerging Companies
• Manufacturers
FOR MORE DETAILS : https://www.wiseguyreports.com/reports/3902875-global-green-packaging-market-2019-2026
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