Sustainable Packaging market Size, Share, Regional Outlook, Upcoming Trends And Forecast 2029
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The Global Sustainable Packaging market size reached USD 281.42 Bn in 2022 and is expected to reach USD 406.66 Bn by 2029, growing at a CAGR of 5.4 % during the forecast period.
Sustainable Packaging Market Overview:
The goal of this research is to provide a thorough examination of the Sustainable Packaging market Size by component, application, industry, and geography. The study includes thorough information on the primary elements impacting the Sustainable Packaging industry's growth. The study also includes a comprehensive evaluation of the market's value chain.
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Market Scope:
The research technique used to estimate and forecast the Sustainable Packaging market Share begins with the collection of revenue data from key suppliers through secondary research sources. Vendor offerings are also taken into account while developing market segmentation. The income of large firms was used to calculate the entire size of the Sustainable Packaging market Growth using the bottom-up method.
Segmentation:
by Material Type
1. Paper and Paperboard
2. Plastics
1. Biodegradable
2. Bio-based
3. Aluminum
4.Others
Based on the Material Type, the paper and paperboard segment held the largest revenue share of 21.2 % in 2022. The high demand for sustainable paper and paperboard materials for the import and export of packaging products is a positive trend that reflects a growing awareness of the need for sustainable packaging solutions. It is a step towards a more sustainable future and is expected to grow in the coming years. Amazon company has committed to using sustainable packaging materials paper and paperboard for its shipments. The company has introduced a range of sustainable packaging initiatives, including using corrugated boxes with a high percentage of recycled content and introducing paper-based cushioning materials to replace plastic materials.
by Packaging Type
1. Rigid Packaging
2. Flexible Packaging
Based on the Packaging Type, the rigid packaging segment accounted for a Significant market share of around 18.2% in 2022 and is expected to maintain the same during the forecast period. Many companies are using sustainable materials to produce rigid packaging products.
by End User
1. Pharmaceutical and Healthcare
2. Cosmetics and Personal Care
3. Food and Beverage
4. Other End Users
Based on the End User, the food and beverage segment accounted for a Significant market share of around 56.3 % in 2022 and is expected to grow during the forecast period. Many companies are using recycled plastics in their packaging, either by incorporating recycled content into their existing packaging or by creating new packaging solutions made entirely from recycled materials. Reusable packaging is also becoming more popular in the food and beverage segment. Some companies are exploring reusable packaging solutions, such as refillable containers or packaging that can be returned to the manufacturer for reuse.
- Global Sustainable Packaging Market: Research Methodology
- Global Sustainable Packaging Market: Executive Summary
- Market Overview and Definitions
- Introduction to Global Sustainable Packaging Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Sustainable Packaging Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global Sustainable Packaging Market Segmentation
- Global Sustainable Packaging Market, by Type (2023-2029)
- Global Sustainable Packaging Market, by Product (2023-2029)
- Global Sustainable Packaging Market, by Application (2023-2029)
- Regional Sustainable Packaging Market(2023-2029)
- Regional Sustainable Packaging Market, by Type (2023-2029)
- Regional Sustainable Packaging Market, by Product (2023-2029)
- Regional Sustainable Packaging Market, by Application (2023-2029)
- Regional Sustainable Packaging Market, by Country (2023-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
Key Players:
1. Sonoco Products Company
2. Amcor pie
3. Gerresheimer AG
4. Smurfit Kappa
5. Ball Corporation
6. BASF SE
7. Ardagh Group S.A.
8. Crown Holding,Inc.
9. WestRock Company
10. DS Smith
11. Mondi
12. International Paper
13. Berry Global
14. Printpack
15. Sealed Air
16. Stora Enso Oyj
17. Georgia-Pacific
18. Huhtamaki
19. Genpak,LLC
20. Tetra Pak InternationalS.A.
21. Billerud
22. Albea S.A.
23. HCP Packaging
Regional Analysis:
Market share information for North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America are available separately. Maximize analysts assess competitive strengths and conduct competitive analysis on each rival separately.
COVID-19 Impact Analysis on Sustainable Packaging Market: The report also includes the detailed impact of COVID-19 on the Sustainable Packaging market.
Key Questions Answered in the Sustainable Packaging Market Report are:
- Which segment had the largest share in the Sustainable Packaging market?
- How is the competitive scenario of the Sustainable Packaging market in 2023?
- Which are the key drivers impacting the Sustainable Packaging market growth?
- Which region holds the maximum share in the Sustainable Packaging market?
- What will be the CAGR of the Sustainable Packaging market during the forecast period (2023-2029)?
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