Growing awareness regarding environmental concerns and strict government regulations against toxic packaging solutions is driving the demand of the market.
Vancouver, BC -- (SBWIRE) -- 01/21/2021 -- Manufacturers are adopting environmentally friendly wrapping solutions in order to reduce environmental contamination, which in turn is boosting the sales of eco-friendly materials. Because of the stringent regulations of the regulatory authorities, the industry is expected to grow at a significant rate in the next few years. Different programmers are introduced by governments of many countries on the value of sustainable wrapping and its positive effects on the environment. Funds are supported by both governments and manufacturers for the research and production of new packaging solutions.
Key participants include Amcor Limited, Mondi PLC, Smurfit Kappa Group, Sonoco Products Co., WestRock Company, BASF SE, Tetra Laval International S.A., Ball Corporation, Sealed Air Condition, and Bemis Company, among others.
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Sustainable Packaging Market Drivers
The global market for sustainable packaging is forecast to grow from USD 280.60 billion in 2019 to USD 469.49 billion in 2027 at a CAGR of 6.7 percent. The sustainable packaging market has been fueled by growing awareness of environmental concerns among consumers and strict government regulations on toxic packaging materials.
The use of inexpensive wrapping materials such as paper and paper boards and glass lead to the sector's growth. In addition, a driving force in the industry has been the rising pace of technological developments and growing industrialization.
Material Outlook (Revenue, USD Billion; 2017-2027)
Plastic
Paper & Paperboard
Glass
Metal
Others
Packaging Type Outlook (Revenue, USD Billion; 2017-2027)
Reusable Packaging
Recyclable Packaging
Degradable Packaging
End Users Outlook (Revenue, USD Billion; 2017-2027)
HealthCare
Food & Beverage
Personal Care
Others
Sustainable Packaging Market: Regional Outlook
Over the forecast era, North America is expected to record a CAGR of about 6.5 percent. There will be steady growth over the forecast period due to the presence of key manufacturers in the area, as well as growing investments by key players in research and development. In addition, through the development of advanced technologies such as Artificial Intelligence and IoT in packaging materials by the region's leading manufacturers, Europe will also experience stable growth over the forecast period.
Frequently Asked Question:
At What rate will the Sustainable Packaging Grow...? What Will be the value of the Market in 2027...?
What are the Key technologies driving the Sustainable Packaging Across Market?
What Would be the impact of Sustainable Packaging Across Different Regions?
What are the strategies adopted by Players to enter the Asia Pacific Regions?
What is the key applications of Sustainable Packaging in the different sectors?
What are future growth strategies in the Market?
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Sustainable Packaging Market Segmentation & Impact Analysis
4.1. Sustainable Packaging Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Strict Government regulations regarding toxic packaging materials
4.2.2.2. Increasing awareness about environmental concerns
4.2.3. Market restraints analysis
4.2.3.1. High recycling rates
4.2.3.2. Lack of awareness among consumers regarding the importance of sustainable packaging
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Sustainable Packaging Market By Material Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
5.1. Material Dynamics & Market Share, 2019 & 2027
5.1.1. Plastic
5.1.2. Paper & Paperboard
5.1.3. Glass
5.1.4. Metal
5.1.5. Others
Chapter 6. Sustainable Packaging Market By Packaging Type Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
6.1. Packaging Type Dynamics & Market Share, 2019 & 2027
6.1.1. Reusable Packaging
6.1.2. Recyclable Packaging
6.1.3. Degradable Packaging
Chapter 7. Sustainable Packaging Market By End User Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
7.1. End User Dynamics & Market Share, 2019 & 2027
7.1.1. HealthCare
7.1.2. Food & Beverage
7.1.3. Personal Care
7.1.4. Others
To Be Continued…!
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