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Green Packaging Market

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Transparency Market Research’s new market study on the global green packaging market discusses the vital aspects of this market. The report is titled, “Green Packaging Market - Global Industry Analysis, Trend, Size, Share and Forecast 2015 - 2021”.
Green Packaging Market will be valued at US$203.1 bn by 2021
Transparency Market Research’s new market study on the global green packaging market discusses
the vital aspects of this market. The report is titled, “Green Packaging Market - Global Industry
Analysis, Trend, Size, Share and Forecast 2015 - 2021”. According to the report, the global green
packaging market will be valued at US$203.1 bn by 2021, exhibiting a CAGR of 6.20% between
2015 and 2021. The market had a valuation of US$132.4 bn in 2014.
Across the globe, the increasing environmental awareness among consumers is one of the major
factors driving the global market for green packaging. Green packaging made out of natural
materials such as paper and straw is free of leaching issues if used for the packaging of liquid foods.
On the contrary, plastic packaging when used for the packaging of liquid foods, could release toxins
into the food due to a reaction with the packaged content. This food can have serious health
implications depending on the quality of the plastic packaging.
Other than this, concern for the environment, which is the subject of discussion in various big and
small industries, has prompted enterprises to ‘go green’ in every way at all possible levels of human
activity.
Depleting natural resources have necessitated the utilization of alternatives; green packaging holds
significant importance therein. Easy availability of raw materials for green packaging and the
recyclable characteristics of these materials have proven to be a highly sustainable packaging
option. Government support in this regard for the availability of raw materials for green packaging
has been fruitful for the development of this market.
Request Brochure of the Report @
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=711
However, the green packaging market is subject to several detrimental factors. The increasing
production cost of green packaging, which results in lower profit margins for entities in the value
chain, is slowing the market’s growth. Nevertheless, several governments across the world are
taking initiatives to address this issue, which is expected to turn into profitable payoffs for market
entities.
The report segments the global green packaging market on the basis of application, packaging type,
and geography. Reusable packaging, degradable packaging, and recycled content packaging are the
segments of the market based on product type.
Personal care products, healthcare products, food and beverages, and others are the segments that
divide the global market on the basis of application. Amongst these, packaging for food and
beverages is ahead of all other application segments and will register a CAGR of 6.4% for the 20152021 period. With increasing consumer awareness for eco-friendly packaging, product
manufacturers are focused on developing improved green packaging solutions.
Currently, the U.S. is the largest market for green packaging due to the easy availability of ecofriendly packaging products and government initiatives for the same being deployed on a large
scale. China and India are expected to emerge as significant markets for green packaging due to the
increasing cognizance of environmental deterioration.
Checkout page @
https://www.transparencymarketresearch.com/checkout.php?rep_id=711&ltype=S
Author
ashutosh
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packaging, Green Packaging Market
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