Sustainable Packaging Comprehensive Study .

Sustainable packaging is those type of packaging which reduces the ecological footprint and provides a platform for eco-friendly for packaging. Various benefits of sustainable packaging such as reduce your carbon footprint with sustainable packaging, sustainable packaging is free of allergens and toxins, reduces the use of resources, increase sales with sustainable packaging and other benefits. Rising awareness regarding the benefit of sustainable packaging and government initiative to promote green packaging is likely to be a prime driver for the global sustainable packaging market.

Highlights from Sustainable Packaging Market Study

AttributesDetailsStudy Period2017-2027Base Year2021UnitValue (USD Million)Key Companies ProfiledAmcor Limited (United Kingdom), Bemis Company Inc. (United States), Tetra Laval International S.A. (Switzerland), Mondi PLC (Sweden), Westrock Company (United States), BASF SE (Germany), Sonoco Products Company (United States), Smurfit Kappa Group PLC (Ireland), Sealed Air Corporation (United States) and Huhtamaki OYJ (Finland)

The sustainable packaging market appears to be highly fragmented and with the presence of several companies including Amcor Limited (United Kingdom), Bemis Company Inc. (United States), Tetra Laval International S.A. (Switzerland), among others. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Sustainable Packaging market throughout the forecasted period.Amcor Limited (United Kingdom), Bemis Company Inc. (United States), Tetra Laval International S.A. (Switzerland), Mondi PLC (Sweden), Westrock Company (United States), BASF SE (Germany), Sonoco Products Company (United States), Smurfit Kappa Group PLC (Ireland), Sealed Air Corporation (United States) and Huhtamaki OYJ (Finland) are some of the key players profiled in the study.

Sustainable Packaging Market Segmentation:

ScopeSub-SegmentsApplication / End UserFood & Beverage, Healthcare, Personal Care and OthersTypeDegradable, Recycled and Re-usableFunctionalActive,Molded Pulp,Alternate FiberMaterialPaper,Plastic,Metal,Glass

On the basis of geography, the market of Sustainable Packaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.

Influencing Trend:

Latest Trend of this Market is Rise in Environmental Consciousness among the Consumers

Market Growth Drivers:

The Increase in Consumer Demand for Use of Green Packaging For Organic Foods and Various Stringent Laws Implemented By Most of the Nations over the Use of Plastic Bags & Carriers Products

Challenges:

Lack of Awareness of Regarding the Benefit of Sustainable packaging

Restraints:

Issue Related to High Cost of Sustainable Packaging Products as Compared to other Plastic Packaging

Opportunities:

Government Initiatives to expand the green packaging Market and Increasing Sustainable packaging Market Opportunities in Asia-Pacific & Latin America

Key Target Audience

Manufacturers of Sustainable Packaging, Suppliers of Sustainable Packaging, Wholesalers, distributors and retailers of Sustainable Packaging, Research and Development (R&D) Companies, Research Organization, Federal Agencies and OthersIn July 2017, The Hershey (United States) Company has launched sustainable packaging, which reduces corrugate waste. Hence, this launched enabled the company to strengthen the sustainable packaging product portfolio.https://www.advancemarketanalytics.com/sample-report/13904-global-sustainable-packaging-market?industry=paper-packaging?utm_source=LinkedIn&utm_medium=Hrushikesh