The global Sustainable Packaging market is expected to be valued at USD 27.50 billion by end of 2028 from USD 80 billion in 2020, expanding at a CAGR of 6% over the forecast period. Rising government initiatives for encouraging adoption of biodegradable or recyclable plastic has a huge impact on social scenarios, which is propelling growth of the market. These initiatives coupled with stringent regulations imposed government globally are encouraging further funding for enhancing reach of material to general consumer. These factors are fueling growth of the Sustainable Packaging market and are projected to benefit market growth over the foreseeable future.
This growth of the market is majorly attributed to the growing adoption of Sustainable Packaging materials from industries including FMCG, food beverages, wholesale, retail trade, and healthcare. Sustainability in packaging is a concept that has been witnessing huge adoption as the idea of sustainable material across several small- medium and large industries. Additionally, growing adoption of newer and more sustainable materials for packaging across the industries are estimated to drive the growth over the foreseeable future.
Request for a sample of this research report @ https://www.reportsanddata.com/sample-enquiry-form/3874
Competitive Outlook:
This section of the report performs a thorough investigation into the intensely competitive landscape of the global Sustainable Packaging market, highlighting the leading manufacturers, strategic initiatives adopted by them, the existing growth prospects, market positions, and market shares held by each participant. The report further emphasizes the developmental strategies undertaken by these companies, including product innovation, new product launches, and technological upgradation. Moreover, the report studies the notable business events observed in this industry, such as mergers acquisitions, joint ventures, partnerships, corporate deals, and brand promotions.
Key companies operating in the market and profiled in the report include:
- Bemis Company Inc
- Amcor Limited
- Mondi
- WestRock Company
- Tetra Laval International SA
- Sonoco Products Company
- BASF SE
- Sealed Air
- Smurfit Kappa
Connect with an expert for customization of Report @ https://www.reportsanddata.com/request-customization-form/3874
Few Finding from the Report
- Based on the process, the recyclable segment held the largest share of the overall revenue of the market owing to growing demand for materials that can be recycled, such as paper.
- Based on the end user, the personal care industry is witnessing substantial growth over the forecast period owing increasing demand for hygiene products coupled with growing health awareness among consumers.
- North America is expected to hold significant share in the revenue of the Sustainable Packaging market owing to several efforts by governments in the region. The Asia pacific dominated the overall Sustainable Packaging market in 2020 and is predicted to retain its dominance over the forecast period. This growth of the region is attributable to the swiftly changing economies such as China and India.
- The market for Sustainable Packaging displays the competitive scenario owing to several key players operating globally. The players are increasingly investing more on new product development and improvement, which is estimated to benefit market growth over the foreseeable future.
Download Summary @ https://www.reportsanddata.com/download-summary-form/3874
Segments Covered in the report
By Packaging Type Outlook (Revenue, USD Billion; 2018-2028)
- Rigid
- Flexible
- Industrial
By Packaging Outlook (Revenue, USD Billion; 2018-2028)
- Primary packaging
- Secondary packaging
- Tertiary packaging
By Process Outlook (Revenue, USD Billion; 2018-2028)
- Recyclable
- Reusable
- Biodegradable
By End-Use Outlook (Revenue, USD Billion; 2018-2028)
- Food beverage
- Personal care
- Healthcare
- Other
By Region Outlook (Revenue, USD Billion; 2018-2028)
- North America
- Europe
- Asia Pacific
- MEA
- Latin America
Get TOC of this Report @ https://www.reportsanddata.com/report-detail/sustainable-plastic-packaging-market/toc
Know More
Multiwall Bags Market Size, Share Analysis, By Material Type (Paper, Plastic), By Layer (2-ply, 3-ply, others), By Application (Agriculture, Food Grains, Buildings Construction, Retail, Pharmaceuticals, Chemicals, And Others), And By Region, Forecast To 2028
Silicone Film Market Size, Share Analysis, By Membrane Type (Silicone Film, Silicone Coated Film, And Silicone Release Liners), By Film Type, And By End-Use (Electronics, Medical, Industrial, Packaging Others), And By Region, Global Forecast To 2028
Bulk Bags Market Size, Share Analysis, By Capacity (Small, Medium, Large), By Fabric Type (Type A, Type B, Type C, Type D), By Design (Four-side Panels, Circular/Tabular, U-Panel Bags, Baffles, Cross Corners, Others), By End-User Industry (Food Beverage, Chemicals Fertilizers, Pharmaceuticals, Construction, Mining, Others), And By Region, Forecast To 2027
About Reports and Data:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
