Green packaging, also known as sustainable packaging, represents the use of sustainable materials and manufacturing techniques for packaging goods.
SHERIDAN, ALABAMA, USA, January 31, 2022 /EINPresswire.com/ — Green packaging, also known as sustainable packaging, represents the use of sustainable materials and manufacturing techniques for packaging goods. This involves the use of biodegradable and plant-based plastics in addition to recycled molded packaging and used polythene bags. Compared to conventionally used synthetic packaging solutions, green packaging has a lower carbon footprint and is better for maintaining long-term human and ecological health. Green packaging further limits the amount of waste and emissions generated during the manufacturing process. As a result, these packaging solutions are used in many industries, including food and beverage (F&B), healthcare, personal care, and more.
the global green packaging market reached a value of US$232 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$319 billion by 2027, growing at a CAGR of 5.5% in 2022 -2027.
We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
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One of the major factors driving the green packaging market is the growing awareness among consumers and manufacturers of the importance of environmental conservation and sustainable living. In this regard, the implementation of various stringent environmental regulations by the government bodies and the incorporation of materials of renewable origin in the manufacturing processes further catalyze the growth of the market. Additionally, several industries are including green packaging as part of their Extended Producer Responsibility (EPR) and opting for environmentally friendly packaging product variants, such as paper, glass, and metals that can be easily recycled. This, in turn, acts as another important factor inducing growth. In addition, swelling investments in research and development (R&D) activities aimed at augmenting the production processes of these materials, such as through the development of bio-based resins, are expected to fuel the green packaging market over the forecast period. .
Some of the Top 10 Global Green Packaging Market Players:
Ardagh Group Company
TetraPak International SA
Read more: Top 10 Global Green Packaging Market Players
Main highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Impact of COVID-19 on the market
Porter’s Five Forces Analysis
Historical, current and future market trends
Market drivers and success factors
Value chain analysis
Complete mapping of the competitive landscape
Note: If you need specific information that is not currently covered by the report, we can provide it to you as part of the customization.
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