Sustainable Packaging Market Overview
The global sustainable packaging market is a very dynamic market and is expected to witness high growth over the forecast period. Packaging plays an essential role in our business by meeting consumer needs for convenience and portability, while protecting and preserving our products throughout the supply chain. In recent years, manufacturers have made a considerable effort of creating environmentally-friendly and sustainable packaging. Quality packaging helps safe and sustainable products. It enables efficient transport and prevents items from spoiling; and differentiates brands on the shelf while giving consumers vital information about products.
Manufacturers are now under pressure to use ecofriendly material in packaging and adopt methods that have less adverse impact on environment. Sustainable packaging is the eco-friendly type of packaging, which uses recyclable material for packaging process. It also helps reduce the environmental impact. Secondly, increasing environmental concerns and stringent rules and regulation are projected to encourage the demand for sustainable packaging within the forecast period. However, lack of information about sustainable packaging and its benefits, is a major restraint that is likely to hinder the demand of the market.
The Global market for Sustainable packaging market is expected to grow at ~7% CAGR.
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The key players of global Sustainable packaging market includes
Amcor Limited (Australia)
Silgan Holdings Inc.( U.S.)
Bemis Company Inc.( U.S.)
Sonoco Products Company (U.S.)
Mondi plc.( Austria)
The Dow Chemical Company(U.S.)
Stora Enso Oyj(Finland)
BASF SE (Germany)
DS Smith Plc.( U.K.)
Smurfit Kappa Group Plc.(Dublin) and others.
The global Sustainable Packaging Market is segmented on the basis of Packaging Type (Tubes, Bags & Pouches, Corrugated Box and others), Material (Paper & Paperboard, Glass, Metal, Plastic), Process (Degradable Packaging, Recycled Packaging, Reusable Packaging), by Application (Personal Care, food & Beverages, Pharmaceutical and others) and by geography (North America, Europe, Asia Pacific, RoW) MRFR analysts observed that the Asia Pacific market, especially in China, is the fastest-growing segment, even though the market is led by Europe, currently. Europe region is expected to present significant opportunities for the industry’s expansion, owing to the favorable government initiatives undertaken by the government for promoting the use of green packaging and creating a sustainable environment. However, growing awareness among the middle-class population and the growing demand for sustainable practices are anticipated to favor the regional growth.
Geographically, Asia Pacific is expected to be a leading revenue contributor throughout the forecast period. Europe and North America will also account for a large combined share in the revenue. North America accounted for second largest market in sustainable packaging owing to stringent environmental regulations taken by government for the environmental safety. In North America, U.S. captured the biggest sustainable packaging market in 2016. Further, increasing research and development activities by major key players is also predicted to bolster the growth of sustainable packaging market. Europe is expected to witness a tremendous growth during the forecast period. U.K. and France are the major countries witnessing the augmented demand for sustainable packaging, owing to growing environmental concerns. Global sustainable packaging market is expected to flourish at a CAGR of more than 7% over the forecast period. Further, growing awareness about the benefits of sustainable packaging, is the key growth driver of global sustainable packaging market.
Scope of the report
This study provides an overview of the global sustainable packaging market, tracking one market segment across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Sustainable Packaging market by its packaging type, material, process, application and region.
Sustainable Packaging Market, By Packaging Type
Bags & Pouches
Sustainable Packaging Market, By Material
Paper & Paperboard
Sustainable Packaging Market, By Process
Sustainable Packaging Market, By Application
Food & Beverages
Rest of the World
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Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
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