The Green Packaging Market is expected to attain a market size of $210.9 billion by 2023, growing at a CAGR of 6% during the forecast period. The green packaging process uses an environmentally friendly method which reduces pollution and waste, while preserving natural resources and energy. Green Packaging, also known as sustainable packaging has become one of the emerging trends all over the world.
Green packaging provides various benefits over traditional packaging. The materials used in the production of traditional packaging such as plastic bags, corrugated boxes, plastics, and others often cause harm to the natural environment. The source of traditional packaging is from fossil fuels, the use of which adds millions of metric, methane and carbon dioxide into the natural atmosphere. However, green packaging can reduce these containments which are causing damage to the atmosphere. Green packaging uses environmentally friendly methods such as energy efficiency, recyclable and biodegradable materials, down-gauging, reusability and others.
Based on Types, the market is segmented into Recycled Packaging, Degradable Packaging, and Reusable Packaging. The Recycled Packaging market is further segmented into Paper, Plastics, Metals, Glass, and Others. Reusable Packaging Type includes Drums, Plastic Containers, and Storage Devices & Processors. Based on Applications, the market is segmented into Food & Beverages, Personal Care, Healthcare, and Others. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
The report covers the analysis of key stake holders of the Green Packaging Market. Key companies profiled in the report include E.I. DU Pont De Nemours And Company, Amcor Limited, Mondi Group, Sealed Air Corporation, Tetra Laval (Tetra Pak), Ardagh Group Co., PlastiPak Holdings, Inc., Bemis Company, Inc., DS Smith, and Nampak.
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