Sustainable packaging refers to the creation and usage of packaging that is more environmentally friendly. Green packaging is becoming more popular as people become more concerned about the environment. According to studies, the use of plastics results in the production of more than 200 million tonnes of garbage. In addition, this trash contributes to landfills, soil contamination, and soil fertility loss. The demand for sustainable packaging solutions has risen as a result of these factors. The recent trend of preferring lightweight packaging materials has propelled the sustainable packaging market's expansion. The demand for sustainable packaging that is light-weighted and recyclable has grown as a result of consumer preferences for cost-effective, light-weighted, and biodegradable packaging.
MARKET DYNAMICS
The sustainable packaging industry is growing as people become more aware of the importance of recycling and reusing products to protect the environment from harmful consequences. Additionally, the advent of biodegradable packaging materials has offered consumers with an environmentally friendly and nutritious option. This approach has aided in the development of new dimensions for innovation. Various activities have been conducted by social support groups that support the environmental conservation cause to raise environmental awareness among the general public. These organisations are critical in persuading people about the environment and its benefits, as well as ensuring that a big portion of the population turns their focus to environmental conservation.
MARKET SCOPE
The "Global Sustainable Packaging Market Analysis to 2028" is a specialized and in-depth study of the chemical and material industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the sustainable packaging market with detailed market segmentation by material type, packaging type and application. The global sustainable packaging market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading sustainable packaging market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global sustainable packaging market is segmented into material type, packaging type and application. By material type, the sustainable packaging market is classified into paper and paperboard, glass, metal and others. By packaging type, the sustainable packaging market is classified into cans, pouches, boxes and others. By application, the sustainable packaging market is classified into food and beverages, healthcare, personal care and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global sustainable packaging market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The sustainable packaging market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the sustainable packaging market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i. e. , drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the sustainable packaging market in these regions.
MARKET PLAYERS
The report covers vital developments in the sustainable packaging market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the sustainable packaging market are anticipated to witness lucrative growth opportunities in the future with the rising demand sustainable packaging in the global market. Below mentioned is the list of few companies engaged in the sustainable packaging market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the sustainable packaging market. Besides, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
-Amcor plc
-Ardagh Group S. A.
-BASF SE
-WestRock Company
-Elopak AS
-Mondi Limited
-Plastipak Holdings, Inc.
-Sealed Air Corporation
-Tetra Pak International SA
-Uflex Limited