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Green Packaging Market

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Green Packaging Market report categorizes global market by Material, Process Type, Packaging Type, and by End-Use Industry - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025
Green Packaging Market Segmented by Size, Share, Trends,
and Forecast to 2025
Green packaging is referred to the use of packaging materials and
implementation of manufacturing methods that have low impact on energy
consumption and environment. Green packaging involves the usage of
recyclable and biodegradable materials and thus referred as energy-efficient or
sustainable packaging. Furthermore, bio-degradable plastics, bio-based plastics,
solid bleach sulfate, and recycled papers are some of the key materials used for
the manufacture of green packaging products.
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Factors such as wide spread awareness among consumers regarding
environmental safety and benefits of green packaging are the key factors
propelling growth in green packaging market. Moreover, initiatives of
regulatory bodies recommending adoptions of eco-friendly alternatives by the
manufacturers, will further boost growth of the green packaging market during
the forecast period.
Asia Pacific is estimated to be the dominant region with a CAGR of 8.85% in
the green packaging market during the forecast period. Factors such as high
population growth and increasing disposable incomes in the emerging
economies such as India and China, coupled with large presence of several
manufacturers operating in the food and beverage industry in this region will
increase growth in the market during the forecast period.
North America dominated the green packaging market in 2016 and accounted
for a market share of around 30%, with the U.S. being the major contributor.
Initiatives taken up by the regulatory bodies regarding waste management and
landfill drive the market growth in North America. Furthermore, stringent
recycling targets set by the Environmental Protection Agency (EPA), are being
implemented in the U.S., which in turn is augmenting the growth of the green
packaging market in this region.
Based on materials, the green packaging market has been segmented into paper
& paperboard, plastic, glass, metal, and others. The paper & paperboard
segment dominated the market in 2016 and is expected to retain market
dominance throughout the forecast period.
Middle East and Africa are witnessing sluggish growth at present due to weak
penetration of several end users of green packaging. Political and economic
instability in these regions restrain the market growth to a great extent.
However, Latin America is expected to portray a favorable growth for green
packaging during the forecast period on account of rising penetration of the
end-use industries for green packaging and rising penetration by the
manufacturers of green packaging.
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Author
pallavi.reddy
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