Sustainable Packaging Market

18 May

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Sustainable Packaging Market Poised to Grow at a CAGR of 5.1% by 2024

  • By admin

  • January, 1970

Infinium Global Research has added a new report on Sustainable Packaging Market. The report presents analysis of global as well as regional markets of sustainable packaging market over the period of 2016 to 2024. The increasing environmental consciousness among the people is the key factor that is driving the sustainable packaging market. The use of non-biodegradable plastics causes various harmful effects on the environment such as landfill, soil pollution, and loss of the soil fertility. Owing to these reasons stringent regulations are implemented by several governments to improve the conditions of the environment. There are certain regions where the use of plastic bags is completely banned, thus triggering the growth of the sustainable packaging market. The factors that are affecting the market growth in a negative way are the low availability, high price as compared to the plastics packaging. The raw materials that are required such as liquid biofuels, bio-polymers used in films, bio-based monomers, cellulosic and recyclable fiber, and additives are expensive which is affecting the sustainable packaging market. However, the growth of the market is witnessing few setbacks owing to the high cost of production of sustainable packaging products as compared to conventional packaging products and the lack of awareness by masses, especially in low-income countries. Nevertheless, the market is likely to witness attractive prospects from the initiatives taken by governments in several emerging economies to support environmental-friendly packaging. To this end, they have framed numerous legislations promoting the use of eco-friendly materials in the packaging industry among customers.

 

Geographically, the sustainable packaging market is diversified into regions such as North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa. Asia pacific is the fastest growing region in terms of CAGR. The factors that favor for the market growth are the large consumer base and the increasing per capita expenditure. The growth in the sustainable packaging market in the North American region is owing to the stringent government regulations and the increasing consumer preferences. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global sustainable packaging market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.

 

Get 15% discount for early purchase of global sustainable packaging market report by clicking the following link, Use code IGRD15 to request the discount in the given form

 

https://www.infiniumglobalresearch.com/reports/request-discount/1610

 

The recent report identified that Europe dominated the global sustainable packaging market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the sustainable packaging market worldwide.

 

The report segments the global sustainable packaging market on the basis of Material, Packaging Type and Application.

 

Global Sustainable Packaging Market by Material

·         Paper & Paperboard

·         Plastic

·         Others

 

Global Sustainable Packaging Market by Packaging Type

·          Trays

·          Bags

·          Boxes

·          Bottles & Jars

·          Films

·          Pouches & Sachets

·          Drums

·          IBC

·         Others

 

Global Sustainable Packaging Market by Application

·         Food

·         Beverages

·          Automobile & Electronics

·          Chemical

·          Pharmaceutical

·          Agriculture

·         Cosmetics And Personal Care

 

Companies Profiled in the Report

·          Sonoco Products Company

·         Amcor Limited

·          Gerresheimer AG

·         Smurfit Kappa Group PLC

·         Ball Corporation

·         Ardagh Group S.A

·         Crown Holdings, Inc.

·         WestRock LLC

·         DS Smith Plc

·         The Mondi Group plc

 

About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.