Pune, India -- (SBWIRE) -- 06/21/2018 -- Green packaging is also known as sustainable packaging. Manufacture of packaging requires energy and creates waste, thus making it non sustainable. However, designers can make packaging sustainable by considering the environmental impacts during manufacture, usage and disposal. Stringent government regulations and legislation, forcing manufacturers to choose sustainable packaging options over the conventional packaging are the major drivers for the growth of the green packaging market. Changing preferences towards more sustainable packaging materials, increase urbanization are some of the factors pushing the market towards growth.

The high cost of production and fluctuating raw material prices may hinder the growth of the industry. Moreover, factors such as poor recycling facilities and the strict recycling acts are Undermining the potentials of the market. The global market for global green packaging market is expected to grow over the CAGR of around 5.42 % during the forecasted period.

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Key Players

Bemis Company, Inc. (US), Amcor Limited (Australia), Tetra Laval International S.A. (Switzerland), WestRock Company (US), Mondi Plc. (South Africa), BASF SE (Germany), Smurfit Kappa Group PLC (U.S.), Sonoco Products Company (U.S.), Sealed Air Corporation (US) & and Huhtamaki OYJ (Finland) are some of the leading players of the Global Green Packaging Market. Profiling them in its analysis, MRFR explores strategies that keep them at the forefront of competition

Worldwide Green Packaging Market – Competitive Analysis

The market of Green Packaging is competitive and fragmented owing to the presence of several big & small market players forming a competitive landscape. Key players are adopting the strategic trend of business expansion in the emerging markets.

Key market players are keen on taking care of ecological norms. In order to manufacture cardboard boxes without affecting the containers' strength or durability; they reinforce corrugation inside the panels. This resultantly reduces both cost and wastage.

In order to survive and create new markets; manufacturers rely on innovation. Therefore, they keep themselves abreast of the new technological developments and latest consumer trends by developing human capital. They don't hesitate to continually invest their time & money in to the new age developers for the latest technologies which can increase productivity and add value

Industry/ Innovation /Related News:

March 28, 2018 – Government of China announced that the country is all set to adopt Green packaging standards by September this year. The country has taken this decision to help tackle the extensive pollution erected due the disposal of conventional encasements.

March 03, 2018 – Lidl & Aldi (UK) – the individual groups of discount supermarket chains under one common brand – announced their green packaging plans by 2022. While Aldi is pledged to 100% reduction in waste for its own-label packaging making it recyclable & reusable by 2022, while the retailer - Lidl committed to reduce 50% of waste in all product packaging by 2025.

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Worldwide Green Packaging Market – Segments

For the convenience of the report and enhanced understanding; the market of Green Packaging is segmented in to 3 key dynamics.

By Packaging Types : Comprising Recycled Content Packaging, Degradable Packaging, etc.

By Applications : Personal Care, Food & Beverages, Pharmaceuticals & Healthcare, among others.

By Regions : North America, Europe, APAC and Rest of the World.

Worldwide Green Packaging Market – Geographical Analysis

North America dominates the global Green Packaging Market with the largest market share. The US among other countries in the region, accounts for the largest market driving the regional growth. This growth attributes to the augmented uptake of green packaging solutions among the burgeoning industrial and manufacturing sectors in the country.

Asia-Pacific region, emerging as the fastest growing market for Green Packaging. Attributing to the large consumer base existing in the region coupled with the governmental encouraging programs emphasizing on the uptake of eco-friendly solutions; APAC is expected to register a fabulous CAGR during the forecast period.

Target Audience:
- Manufactures
- Raw Materials Suppliers
- Aftermarket suppliers
- Research Institute
- Potential Investors

The report for Global Green Packaging Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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