Sustainable Packaging Industry Outlook and Trend Analysis:
The Sustainable Packaging Market was worth USD 202.61 billion in 2014 and is expected to reach approximately USD 375.64 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 7.10% during the forecast period. Sustainable packaging is the usage and development of packaging which brings about enhanced sustainability. This includes expanded usage of life cycle inventory (LCI) and life cycle assessment (LCA) to help direct the usage of packaging which diminishes the impacts on the environment. The objectives are to enhance the long term quality and feasibility for people and the life span of natural ecosystems. Sustainable packaging must fulfil the practical and financial requirement of the present without trading off the capacity of upcoming generations to meet their particular needs. Sustainability isn’t really an end state; however it is a constant process of enhancement.
Sustainable Packaging Industry Drivers and Restraints:
The main drivers for this industry are ascending in awareness regarding a healthy environment among the purchasers. Non-biodegradable plastic has been proven disadvantageous towards the betterment of nature, by causing different ill impacts, for example, landfill, pollution if soil, and loss of fertility in soil. This has affected the on-going social situation. Stringent laws executed by the vast majority of the countries over the utilization of plastic packs and transporters. Nations like South Africa, Somalia, Uganda, Kenya & Ethiopia all have executed a ban over the use of plastic. The expansion in demand among consumers for usage of green packaging for organic foods is likewise a key driver in the segment.
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The European market is assessed to represent the biggest share in sustainable packaging market on the background of high focus of the packaging makers and ascend in discretionary income of the customers. North America is anticipated to trail in sustainable packaging market as the area has most astounding consumption of packaging. The MEA area is assessed to contribute small but quickly developing share of the overall industry in sustainable packaging market. Development in maintainable packaging market in Latin America locale is anticipated to be direct amid the figure time frame.
Sustainable Packaging Industry -Competitive Insights:
The leading players in the market are Gerresheimer, DS Smith, Berry Global, Ball Corporation, Bemis Company, Smurfit Kappa Group, Mondi, Amcor Flexibles Chakan, WestRock, Sonoco, Crown Holdings, Ardagh Group S.A. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
Major TOC :
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2.1. Key Highlights
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
18.104.22.168. Emerging Markets to Offer Lucrative Growth Opportunities
Market Analysis by Regions
4.1. North America (United States, Canada and Mexico)
4.1.1. United States Market States and Outlook (2014-2023)
4.1.2. Canada Market States and Outlook (2014-2023)
4.1.3. Mexico Market States and Outlook (2014-2023)
4.2. Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.2.1. Germany Market States and Outlook (2014-2023)
4.2.2. France Market States and Outlook (2014-2023)
4.2.3. UK Market States and Outlook (2014-2023)
4.2.4. Russia Market States and Outlook (2014-2023)
4.2.5. Italy Market States and Outlook (2014-2023)
4.2.6. Rest of Europe Market States and Outlook (2014-2023)
4.3. Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.3.1. China Market States and Outlook (2014-2023)
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