Market Definition: Sustainable Packaging Market
The Sustainable Packaging Market accounted CAGR of 6% in the forecast period of 2019-2026, which will witness a rise in the estimated value of USD 168.3 billion in 2019 to an estimated value of USD 268.2 billion by 2026.
Sustainable Packaging is a method of packaging involving bio-degradable materials that can be reused, or recycled after the consumption of the product that they are supposed to be protecting. Sustainable Packaging involves the use of recyclable materials which help in environmental stability and helps to impact the ecological footprint, reducing the waste and thus, reducing the waste management costs along with it.
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Key Market Competitors: Sustainable Packaging Market
Few of the major competitors are Amcor Limited, Bemis Company Inc., Tetra Laval International SA, Mondi, WestRock Company, BASF SE, Sonoco Products Company, Smurfit Kappa, Sealed Air, Huhtamaki, Gerresheimer AG, BALL CORPORATION, Ardagh Group S.A., Crown, DS Smith, International Paper, Berry Global Inc., Reynolds, Genpak LLC., DuPont, Plastipak Holdings Inc., Uflex Ltd., ELOPAK, and Evergreen Packaging LLC.
This report is all-inclusive of the data which includes market definition, classifications, applications, engagements, market drivers and market restraints that are derived from SWOT analysis. A data triangulation method is applied for this purpose which entails data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. The company profiles of all the key players and brands that are dominating the market have been offered in this report. Geographical areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa are also considered for the market analysis.
This market report is a great source of information for the major happenings and industry insights which supports to thrive in this competitive age. This market report supports the business to take better decisions for the successful future planning in terms of current and future trends in particular product or the industry. Deadline driven generation of report, commitment for the quality and transparency in research method are few of the features with which report can be referred confidently. This market report also offers CAGR value fluctuation in percentage during the forecast period of 2018-2025 for the market.
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Major Market Drivers & Restraints are as follows:
- Rise in non-bio-degradable plastic waste is one of the main reasons for the adoption of Sustainable Packaging methods
- Backing of government and authorities producing bio-degradable packaging is one of the major factors regarding the growth of the market
- High set-up and initialisation costs for these packaging methods is one of the major reasons for the market growth to be halted
- Municipal Solid Waste’s inefficiency related to recycling is also halting the production of Sustainable Packaging products
Market Segmentation: Sustainable Packaging Market
- By Material
- Paper & Paperboard
- Coated Unbleached
- Bleach Paperboard
- Moulded Fiber Pulp
- Corrugated Board
- Polylactic Acid (PLA)
- Polyhydroxybutyrate (PHB)
- Polybutylene succinate (PBS)
- Starch Based Plastics
- Polyhydroxyalkanoates (PHA)
- Polycaprolactone (PCL)
- Paper & Paperboard
- By Function
- Moulded Pulp
- Alternate Fiber
- By Process
- Recycled Content
- By Layer
- By Packaging Type
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The Global Sustainable Packaging Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Sustainable Packaging Market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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