Global Green Packaging Market Forecast Report 2022-2031: Recycled Content Packaging Held Nearly 60% of Total Green Packaging Market - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Green Packaging Market by Application, and Packaging Type, and Material: Global Opportunity Analysis and Industry Forecast, 2022-2031" report has been added to ResearchAndMarkets.com's offering.

The global green packaging market size was valued at $1,64,176.6 million in 2020, and is projected to reach $3,37,542.0 million by 2031, registering a CAGR of 6.6% from 2022 to 2031.

Food & beverage along with others have accounted for more than three-fourths of overall share in the application segment. A rise in hygiene & health awareness among consumers has grown the demand for green packaging with applications in sustainable packaging. Moreover, stringent government regulation on nondegradable plastics along with increase in demand for recycled packaging products have favored the green packaging market trends. Furthermore, reverse logistics in packaging industry has made it easier to move municipal garbage to recycling plants.

According to the global green packaging market analysis, the market is divided by application, packaging type, material and geographical division. By application, it comprises personal care packaging, health care packaging, food & beverage packaging, and others. By packaging type, it includes recycled content packaging, reusable packaging, and degradable packaging. Based on the material, the market is segmented into plastic, metal, glass and others. By geography, it includes North America, Europe, Asia-Pacific, and LAMEA markets. Further, the report also covers the strategies adopted by key market players in order to sustain competitive environment and increase their market share.

The recycled content packaging segment held the major green packaging market share and is likely to remain dominant throughout the green packaging market forecast period. Biodegradable products associated with bioplastics have flourished in healthcare and pharmaceutical applications, and are accepted as an alternative for polymer oil-based products. In addition, reverse logistics along with increase in number of legislations for ecological packaging techniques facilitated the recycle of municipal wastes.

Food & beverage packaging was the highest revenue generator with around 60% of the total revenue generated by application in green packaging market. This segment includes packaging of FMCG products, dairy products, and beverages. Health care is one of the fastest growing industries which employs green packaging. Medicines comprise complex chemical solutions that have the potential to react with the harmful chemicals in the packaging material and destroy the medicine composition. This factor is driving the health care green packaging segment.

Utilization of degradable raw materials has shown major growth in developed and developing nations. In 2015, Europe demonstrated the maximum demand for bioplastics with potential to witness significant growth in the near future. Region wise, Asia-Pacific accounted for approximately one-fourth share of the total volume which leads to increase in green packaging market growth.

Key Findings of the Study

• Recycled content packaging held the major share in the market accounting near 60% of the total green packaging market.
• The European region is expected to continue to lead the market followed by North America during the forecast period
• The North America along with Asia-Pacific account for more than half of the total share in 2020

Major players in the green packaging market are Amcor, E. I. DuPont de Nemours and Company, Mondi, Sealed Air Corporation, TetraPak, Ardagh Group, PlastiPak Holdings, Bemis Company, Uflex and Elopak.

Key Report Benefits:

• The report provides extensive analysis of the current & emerging trends and opportunities in the green packaging market
• The report provides detailed qualitative and quantitative analyses of current trends and future estimations, which help to understand the prevailing market opportunities
• A comprehensive analysis of factors that drive and restrict the growth of the Green Packaging market is provided in the study
• An extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework
• The report provides extensive qualitative insights on the potential & niche segments as well as countries exhibiting favorable growth

Key Topics Covered:

Chapter 1: Introduction

Chapter 2: Executive Summary

2.1. CXO Perspective

Chapter 3: Market Landscape

3.1. Market Definition and Scope

3.2. Key Findings

3.3. Porter's Five Forces Analysis

3.4. Market Share Analysis/Top Player Positioning

3.5. Market Dynamics

3.6. Covid-19 Impact Analysis

3.7. Market Share Analysis

Chapter 4: Green Packaging Market, by Application

4.1. Market Overview

4.2. Food and Beverage

4.3. Personal Care

4.4. Health Care

Chapter 5: Green Packaging Market, by Packaging Type

5.1. Market Overview

5.2. Recycled Content Packaging

5.3. Reusable Packaging

5.4. Degradable Packaging

Chapter 6: Green Packaging Market, by Material

6.1. Market Overview

6.2. Paper

6.3. Plastic

6.4. Metal

Chapter 7: Green Packaging Market, by Region

Chapter 8: Company Profiles

• Amcor
• E. I. DuPont de Nemours and Company
• Mondi
• Sealed Air Corporation
• TetraPak International
• Ardagh Group
• PlastiPak Holdings
• Bemis Company
• Uflex limited
• ELOPAK AS

For more information about this report visit https://www.researchandmarkets.com/r/n0ovug

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