The global Green Packaging market size is expected to be worth around US$ 541.41 billion by 2030, according to a new report by Vision Research Reports.
The global Green Packaging market size was valued at US$ 284.15 billion in 2020 and is anticipated to grow at a CAGR of 7.1% during forecast period 2021 to 2030.
|Application, Packaging Type|
|Amcor; Be Green Packaging; DS Smith; DuPont; Evergreen Packaging; Mondi; Nampak; Ball Corporation; Sealed Air; Tetra Laval.|
Growing consumer awareness regarding sustainable packaging, together with the strict bans regarding the usage of single-use plastics, are expected to fuel the industry growth. The industry is anticipated to grow at a steady rate owing to the growing food and beverage industry that is increasingly adopting packaging made from degradable and recyclable materials. The foodservice industry is replacing single-use plastic straws, lids, closures, caps, cups, and food trays with products made from paper or compostable alternatives. The product demand in the foodservice industry will continue to grow on account of changing consumer preferences towards convenience and packaged foods.
By Application Analysis
The food and beverages application segment led the industry with more than 58.5% share of the global revenue in 2020. With the rising popularity of green packaging, many restaurants, fast food chains, packaged food companies.
Many manufacturers of personal care products are shifting towards green alternatives by reducing the overall material used for packaging. The change is partly driven by consumer consciousness regarding the sustainability of the packaging of a product.
The healthcare segment has shown promising growth despite the strict regulations related to the safety of packaging of products. For a large part, the pharmaceutical industry makes use of glass packaging as it is inert and suitable for the packaging of different drugs.
The companies in the market serving the healthcare application sector are introducing innovative molded pulp packaging products to replace reusable utensils used in hospitals for more convenience.
By Packaging Type Analysis
Based on type, the market is categorized into recycled content, reusable, and degradable packaging. The recycled content segment held the largest share of 61.2% in 2020. The segment includes materials that can be recycled, such as paper, plastic, glass, and metal.
The plastic-type in recycled content segment held the largest share in 2020 as it is widely used across several applications and offers vital packaging properties that materials such as paper fail to deliver
Paper is the next major segment under recycled content packaging as it is easily available, accessible, and popular among consumers. Paper is used in flexible as well as rigid packaging solutions. Paper packaging is experiencing increased market penetration due to enhanced functionalities.
The reusable segment comprises drums and plastic containers that are made from durable materials intended for multiple or longer use. Drums are used for the transportation of fluids, majorly a variety of chemicals.
By Regional Analysis
Europe dominated the market in 2020 with a revenue share of 36.7% due to stringent regulations imposed by the European Union and other European countries concerning the use of single-use plastics.
Asia Pacific ranked second in terms of value in 2020, as the region is seeing a rise in government regulations and initiatives that are encouraging manufacturers to opt for green packaging.
North America is at par with the Asia Pacific region in terms of market share owing to the aggressive efforts put forth by the governments in the region.
The Green Packaging market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Green Packaging market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Green Packaging market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Green Packaging market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Green Packaging market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Green Packaging capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Green Packaging by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Green Packaging market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Green Packaging market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Green Packaging market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Green Packaging industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Green Packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Green Packaging market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Green Packaging market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Green Packaging market. These factors have benefited the growth of the global market for Green Packaging. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Green Packaging. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Green Packaging are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are: