Global Green Packaging Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

The Global Green Packaging Market Report Overview:

“The global Green Packaging Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

The Global Green Packaging Market report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027.

The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global green packaging market report has been segmented on the basis of application and region.

Green packaging involves the use of materials and manufacturing methods for packaging products or goods that has a low impact on the environment. Green packaging is manufactured in environment-friendly materials namely biodegradable plastics, solid bleach sulfate, recycled papers, plant-based plastics, and recycled products. Green packaging provides a platform for healthy, ecofriendly, and judicious methodology for packaging.

Rising awareness among consumers regarding environmental safety and benefits related to green packaging is estimated to drive market growth over the forecast period. Moreover, initiatives taken by various regulatory bodies that support the use of eco-friendly packaging are anticipated to propel market growth.

On the basis of application, food & beverages is expected to be the largest segment in global green packaging market. Rising environmental concerns regarding the use of non-degradable materials for packaging is anticipated to propel the market growth over the forecast period. The growing popularity of edible packaging materials made from natural ingredients is expected to drive market growth over the forecast period.

On the basis of packaging type, reusable packaging is estimated to account major revenue share in the global green packaging market and is expected to maintain its dominance over the forecast period. Reusable packaging is made of durable material and is designed for reuse.

Reusable packaging is majorly used for transporting chemicals, pharmaceuticals, and bulk foods. Plastic boxes, containers, drums, and wooden pallets are some of the types of reusable packaging used for various applications.

Asia Pacific green packaging market is projected to register fastest growth rate in terms of revenue over the forecast period, owing to presence of large customer base along with growing adoption of eco-friendly packaging solutions in various countries in this region.

In addition, rising demand for reusable and recyclable packaging material in developing economies of region namely China and India is expected to boost the market growth over the forecast period. Growing focus of government towards the adoption of environment-friendly packaging material is expected to propel demand over the forecast period.

Market segmentation and key players operating in the global green packaging market:

By application:

• Food & beverages
• Healthcare
• Personal care
• Others (Waste bags and Chemicals)

By packaging type:

• Recycled content packaging
• Reusable packaging
• Degradable packaging

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa