This market research report presents a comprehensive
breakdown of the global green packaging market and segmentation by product type
(recyclable packaging, reusable packaging, and degradable packaging) and by
end-user (food packaging, beverages packaging, healthcare packaging, personal
care packaging, and other packaging). It also presents the market shares for
key regions such as APAC, North America, Europe, and ROW. The key vendors
analyzed in this report are Amcor, DuPont, Mondi, Sealed Air, and Tetra Laval.
The Research has released updated information on the
packaging market, with the publication of its new market research report,
global green packaging market. The global green packaging market is expected to
grow at a CAGR of around 7% between 2016 and 2020. The demand for eco-friendly
and sustainable packaging materials by consumers is on the rise, and hence
vendors are largely focusing on developing materials that can be recycled and
have the traditional capabilities of friction, moisture, and heat resistance.
Europe leads the global market for green packaging, accounting for 31% of the
total market share. The increased demand for recycled packaging and recycled
plastic products is the primary reason leading to the growth of the green
packaging market in Europe.
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“Packaged food, beverages, and personal care companies are
demanding eco-friendly packaging materials that are also visually appealing to
consumers. This has pushed vendors to introduce innovative products and use new
technologies in their manufacturing. They are looking for high-performing
packaging options that permit them to retain low manufacturing costs. For
instance, sugar beet, corn, and sugarcane are new resources and raw materials
used in the manufacturing of bioplastics. These raw materials are gaining
popularity because they are cheap and biodegradable,” says Lead Analyst.
Food packaging leads the global green packaging market,
accounting for 56% of the total market share. The majority of the vendors in
the market tend to use more green packaging materials to package food products.
The increasing demand for dairy products is one of the major drivers for the
growth of the food industry, thus leading to the overall market growth.
The key vendors in the global green packaging market include
Amcor, DuPont, Mondi, Sealed Air, and Tetra Laval. Since the local players in
the global green packaging market find it difficult to contend with the
multinational players who have already established their position in terms of
quality, features, and range of offerings, they started offering innovative
solutions at a lower price compared to international players, thus leading to
price wars in the market.
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Packaging Technology Market @ http://www.bigmarketresearch.com/category/packaging-technology
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