The global demand for Sustainable Packaging Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Sustainable packaging refers to packaging that reduces its environmental footprint, and this happens in a number of ways: by meeting criteria for performance and cost, safe throughout its life cycle, made entirely using renewable energy, recycled efficiently to provide a valuable resource for subsequent generations, and responsibly designed to reduces the environmental impact and ecological footprint.
Rising initiatives by the government towards sustainable packaging and shifting consumer preferences towards recyclable and eco-friendly materials is driving the demand for sustainable packaging. Sustainable packaging is becoming a higher priority for both consumers and brands more now than ever before. Millennials are pushing brands to be more environmentally and socially responsible. Attributed to these trends, material science and packaging engineering are developing at an incredible speed. There have been many breakthroughs in plant-based packaging and biodegradable plastic packaging.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of sustainable packaging.
The entire sustainable packaging market has been sub-categorized into product, material and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Health Care
- Food & Beverages
- Personal Care
This section covers regional segmentation which accentuates on current and future demand for sustainable packaging market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Sustainable Packaging Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the sustainable packaging market include Smurfit Kappa Group PLC, Amcor Limited, Gerresheimer AG, Sonoco Products Company, Ardagh Group. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.