Global Green Packaging Market Growth (Status and Outlook) 2023-2029

Global Green Packaging Market Growth (Status and Outlook) 2023-2029

Packaging is an important characteristic that helps in attracting customers. Brands and products try to incorporate the brand image, value proposition, and information about the product in the packaging of the product. Green packaging is one of the packaging techniques which is eco-friendly. It is highly in demand as it uses recyclable materials for the packaging process. Due to the use of organic materials, green packaging does not emit greenhouse gases like carbon dioxide and methane or ozone depleting volatile substances. They help reduce environmental impact and therefore have great potential to be used in the food and beverage industry on a larger scale.

LPI (LP Information)' newest research report, the “Green Packaging Industry Forecast” looks at past sales and reviews total world Green Packaging sales in 2022, providing a comprehensive analysis by region and market sector of projected Green Packaging sales for 2023 through 2029. With Green Packaging sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Green Packaging industry.

This Insight Report provides a comprehensive analysis of the global Green Packaging landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Green Packaging portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Green Packaging market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Green Packaging and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Green Packaging.

The global Green Packaging market size is projected to grow from US$ 131630 million in 2022 to US$ 184970 million in 2029; it is expected to grow at a CAGR of 5.0% from 2023 to 2029.

Key industry trends include downsizing or light weighting, increasing recycling and waste recovery, growing use of renewably sourced materials, rising use of recycled content, and improvements in packaging and logistical efficiency. Favorable regulatory inclinations in Europe are anticipated to boost the bioplastics packaging market in the near future. For instance, implementation of Horizon 2020 strategy by European Commission has resulted in increasing development of new bio-based products. However, fluctuating raw material prices may hinder industry growth over the forecast period. High cost of production also threaten to limit industry participation, especially smaller and newer players.

This report presents a comprehensive overview, market shares, and growth opportunities of Green Packaging market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Recycled Content Packaging
Reusable Packaging
Degradable Packaging

Segmentation by application
Food and Beverage
Personal Care
Health Care
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Amcor Limited
Mondi Limited
Sealed Air Corporation
TetraPak International
Ardagh Group
PlastiPak Holdings
Amcor
Uflex limited
ELOPAK

Please note: The report will take approximately 2 business days to prepare and deliver.