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.
Market research analysis conducted in this report optimistically lends a hand to businesses for the strategy planning related to production, costing, inventory, purchasing and marketing. Moreover, the report offers highly developed information and scenario about the industry which helps to stand high in the competition in this fast paced business environment.
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.
The report performs the study of market drivers and market restraints thoroughly along with the analysis of the market structure. This market report endows with the plentiful insights and business solutions that will help to stay ahead of the competition. A class and transparency is strictly maintained while carrying out research studies of this report to offer an exceptional market research report for a specific niche. Businesses can achieve better insights to drive the business into right direction with the different segments covered in the market research report. This market analysis examines various segments which help for the quickest development amid the estimated forecast frame.
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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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