Green packaging or sustainable packaging is a term used in manufacturing for materials that have low or negligible impact on the environment. It is energy efficient and uses eco-friendly methods, recycled or biodegradable materials. Global green packaging market is expected to grow at a CAGR of 5.41% from 2016 to 2022 to reach $207,543 million by 2022 from $132,556 million in 2015.
Owing to rise in awareness among consumers about their health and hygiene, food and beverage segment has generated highest revenue in 2014. Health care segment is anticipated to witness major boost during the forecast period owing to use of bio-plastics in pharmaceutical industries. Recycled content packaging generated highest revenue owing to increase in demand of reusable package components. Europe has dominated the market in 2014, owing to rise in population of health-conscious consumers coupled with eco-friendly technologies.
The report segments the market based on application, packaging type, and geography. By application, it includes food & beverage packaging, personal care packaging, health care packaging, and others. By packaging type, it is subcategorized into recycled content packaging (paper, plastic, metal, glass, and others), reusable packaging (drums, plastic containers, and others), and degradable packaging. Geographically, it is analyzed across North America (U.S., Mexico, and Canada), Europe (UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and Rest of Asia-Pacific), and LAMEA.
Major players profiled in this study are:
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Packaging Type
(Companies mentioned above are not profiled in the report and can be profiled upon client request)
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