Green Packaging Market, By Form (Strips, Powder), by Application (Bakery, Confectionery, Dairy, Canned Meat/ Poultry Products, Beverages, Sauces, Creams & Dressings, Dietic Products, and Others), Bacteriological (Culture Media, Microbiology), Technical Applications (Cosmetology, Medical Application), and others), and by Regions (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
Green packaging offers better shelf life to the products, by eliminating the adverse effects of conventional plastics, which are majorly used as packaging materials. Green packaging is also eco-friendly, owing to its biodegradability and recyclable nature. The industry is anticipated to grow at a steady rate owing to the growing food and beverage industry that is increasingly adopting packaging made from degradable and recyclable materials. The foodservice industry is replacing single-use plastic straws, lids, closures, caps, cups, and food trays with products made from paper or compostable alternatives. The product demand in the foodservice industry will continue to grow on account of changing consumer preferences towards convenience and packaged foods.
Market Dynamics
One of the major factors fuelling the growth of green packaging market include rising concerns regarding environmental safety. Further, pollution created by conventional plastics has posed a major threat to the marine ecosystem due to numerous incidents in which plastic pollution has emerged as one of the leading causes of deaths of marine animals. Further, rapid adoption of green packaging among the end-use industries is another key factor responsible for the growth of the global green packaging market. Based on type, the market is categorized into recycled content, reusable, and degradable packaging. The recycled content segment includes materials that can be recycled, such as paper, plastic, glass, and metal. These materials are reused by the manufacturers as raw materials to make new packaging products resulting in curbing excess pollution caused by packaging waste.
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