Sustainable Packaging Industry Research Report - Forecast to 2023Posted by sagark on February 20th, 2020 Sustainable Packaging Industry Overview A lot of people have a misconception that paper is environmentally friendly. But when considered over the entire life of packaging, paper and cardboard embody far more greenhouse gasses than their plastic equivalents. Paper products take substantial amounts of energy to make. Crushing a tree down into small fibers, mixing the wood pulp into a slurry and then passing the wet mass through huge rollers cannot be done without use of enormous quantities of power. Making cardboard is almost the third largest industrial use of energy on the planet. A second concern is that many paper and cardboard products end up in local authority landfill, where they rot down anaerobically, creating the greenhouse gas methane in the process. The Global market for Sustainable Packaging Industry is expected to grow at ~7% CAGR. Segmentation The global Sustainable Packaging Industry 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. Regional Analysis 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 Industry in 2016. Further, increasing research and development activities by major key players is also predicted to bolster the growth of Sustainable Packaging Industry. 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 Industry 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 Industry. Key Players
Scope of the report This study provides an overview of the global Sustainable Packaging Industry, 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 Industry by its packaging type, material, process, application and region. By Packaging Type
By Material
By Process
By Application
By Region
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