The green packaging market was valued at USD 139.8 Billion in 2018 and is expected to reach at USD 226.21 Billion by 2026 growing at a Compound annual growth rate (CAGR) of 6.20% from 2018 to 2026. Reusability and recyclability are the major objectives behind the modification of conventional packaging system. Materials used in green packaging are eco-friendly. The attempt to develop and implement green packaging across the globe with an objective to reduce the carbon-content from the environment. Improved sustainability and eco-friendly approach throughout the global packaging industry are the key reasons anticipated for the global green packaging to flourish during the forecast period. A rise in demand for food and beverages with major changes in the pattern of food processing and distribution system is further estimated to create new necessities and augment the market of growth over the forecast period of 2018-2026.
The green packaging market has been segmented based on material which has been further segmented as paper, green plastic, metal, fiber and others. Application segment has been sub segmented into primary, secondary and tertiary. Moreover, end-user have been further divided on the basis of food & beverages, electronics, personal care, pharmaceuticals and others. The rising population coupled with demand for packaged readymade food and beverages across the globe is expected to drive the food & beverages segment of global green packaging market during the forecast period. Increase in numbers of manufacturers of food and beverages is further expected to boost the global green packaging market.
The global green packaging market has been geographically segmented into Asia-Pacific, Europe, North America, Latin America, the Middle East and Africa region. In addition to this, Asia-Pacific region holds the largest market share due to the presence of greater numbers of consumer electronics and food and beverages manufacturers. North America and Europe region are also expected to experience a high demand for green packaging owing to the rising awareness among the population and strict government regulations regarding the use of biodegradable packaging across pharmaceuticals and FMCG industry. The USA and Mexico are expected to be the major region behind the growth of North America’s green packaging market.
Some of the key players in the global green packaging market include Amcoe Ltd., Bemis Company Incorporated, Clear Lam Packaging Incorporated, DuPont Ei De Nemours, Earthcycle Packaging Ltd., Emmerson Packaging, Graham Packaging Company Ltd., Innova Films Ltd., International Paper Company and RodenBurg Biopolymers BV.
· Green Plastic
· Food & Beverages
· Personal Care
· North America
o Rest of Europe
· Asia Pacific
o Rest of Asia Pacific
· Middle East and Africa
o South Africa
o Rest of Middle East and Africa
· Latin America
o Rest of Latin America
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