Sustainable Packaging Market Surges Globally, Driven by Rising Environmental Awareness and Innovative Solutions
In 2022, the Global Sustainable Packaging Market reached a substantial USD 281.42 billion and is poised to soar to USD 406.66 billion by 2029, marking a robust CAGR of 5.4% during the forecast period.
As the world grapples with increasing urbanization and the subsequent surge in waste production, sustainable packaging emerges as a beacon of hope. With over 50% of the global population residing in urban areas, there is a pressing need for eco-friendly packaging solutions. Governments worldwide and consumers alike are acknowledging the importance of maintaining ecological harmony, propelling the sustainable packaging market into the spotlight.
Discover Insights: Navigate Market Knowledge with Inquire Within
Sustainable Packaging Market Report Scope and Research Methodology:
The growth of different segments in the Sustainable Packaging market helps to identify the key growth factors and develop strategies to target core application areas and fill the gaps in the target market.
The report provides an in-depth analysis of the Sustainable Packaging market, including meaningful insights, facts, historical data, and statistically supported and industry-validated market statistics. It also includes estimates based on an appropriate set of assumptions and methodologies. A bottom-up approach was used to estimate the Sustainable Packaging market size.
Key players in the Sustainable Packaging industry were identified through secondary research, and their market revenues were determined through primary and secondary research. The report also covers mergers and acquisitions, strategic alliances, joint ventures, and partnerships happening in the Sustainable Packaging market by region, by investment, and their strategic intent.
Sustainable Packaging Market Regional Insights:
The global Sustainable Packaging market is divided into five regions: Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. The report provides regional analysis with the Sustainable Packaging market size of each region.
The country-level analysis examines a variety of market factors that are expected to influence current and future Sustainable Packaging market trends, as well as changes in market regulations at the country level. Some of the key factors used to forecast the Sustainable Packaging market situation in each country include consumption, production location and volume, import/export analysis, pricing analysis, raw material prices, and upstream and downstream value chain analysis.
Access the Sample Report Now: https://www.maximizemarketresearch.com/request-sample/185625
Sustainable Packaging Market Segmentation:
In 2022, the paper and paperboard segment had the highest revenue share of 21.2%, determined by Material Type. An encouraging trend that indicates a growing understanding of the need for sustainable packaging solutions is the high demand for sustainable paper and paperboard materials for the import and export of packaging products. It is anticipated to increase in the upcoming years as a step towards a more sustainable future. Paper and paperboard are sustainable packaging materials that Amazon has promised to use for its shipments. The company has implemented several eco-friendly packaging programmes, such as switching to paper-based cushioning materials in place of plastic ones and using corrugated boxes with a high percentage of recycled content.
According to packaging type, the segment with rigid packaging held a significant market share of approximately 18.2% in 2022 and is anticipated to continue doing so throughout the forecast period. A lot of businesses are making rigid packaging products with sustainable materials.
The food and beverage segment held a notable market share of approximately 56.3% in 2022, and it is anticipated to continue growing throughout the forecast period, according to the End User. Many businesses are using recycled plastics in their packaging, either by developing new packaging solutions that are made completely of recycled materials or by adding recycled content to their current packaging. The food and beverage industry is also seeing an increase in the use of reusable packaging. Reusable packaging options, like refillable receptacles or packaging that can be sent back to the manufacturer for further use, are being investigated by certain businesses.
Sustainable Packaging Market Key Players are:
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
For More Information About This Research Please Visit: https://www.maximizemarketresearch.com/request-sample/185625
Key Questions answered in the Sustainable Packaging Market Report are:
- What is the forecast period?
- What is the expected Sustainable Packaging market size by the end of the forecast period?
- What are the Sustainable Packaging market segments?
- Which segment in the Sustainable Packaging market is expected to grow rapidly during the forecast period?
- Which are the prominent players in the Sustainable Packaging market?
- What key trends are expected to emerge in the Sustainable Packaging market during the forecast period?
- What was the Sustainable Packaging market size in 2022?
- Which region dominated the global Sustainable Packaging market in 2022?
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
+91 96071 95908, +91 9607365656
About Author
