The
green packaging market across the globe is expected to experience a
stable growth from 2015 to 2021. Green packaging alternatively known
as sustainable packaging market is segmented on the basis of
application, packaging type and geography. The packaging type is
further bifurcated into recycled content packaging, reusable
packaging and degradable packaging. The various categories of
recycled content packaging are paper packaging, plastic packaging,
metal packaging and glass packaging among others. The reusable
packaging is divided into drums, plastic container and others. On the
basis of application the green packaging market has been segmented
into food and beverage packaging, personal care packaging, health
care packaging and others. By geography, the green packaging market
has been segmented into North America, Europe, Asia-Pacific and Rest
of the World (RoW).
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Green Packaging Market Report with Full TOC at
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Increasing
environmental concern is one of the major factors fuelling the demand
for green packaging globally. Owing to this factor, considerable
efforts are being made for reduction of toxic waste emissions. Green
package results in very less toxic emission and causes less pollution
in form of landfills. Consequently, there is an increasing demand for
green packaging to keep the environment clean and pollution free.
Moreover, Owing to increase in government’s initiative to clean the
environment, strict regulations are formulated by government
globally. Manufacturers are now under pressure to use eco friendly
material in packaging and adopt methods that have less adverse impact
on environment. Consequently, many industries have to adhere to green
packaging as a part of their Extended Producers Responsibility (EPR).
This factor is also boosting the market to a great extent. In
addition, the use of green packaging gives competitive advantage to
industry over other market players since consumers prefer products
having sustainable packaging over others. Owing to this factor, the
demand for green packaging is increasing and expected to grow rapidly
during the forecast period.
However,
reduction in profit margin due to increase in production cost is one
of the factors restraining the growth of green packaging market. In
addition, limited consumers demand due to lack of awareness regarding
green packaging among consumers also limits the industries to switch
to green packaging. However, government is taking initiative to make
people aware of the importance and benefits of green packaging. In
spite of these restraining factors the green packaging market will
stand firm during the forecasted period.
The
study highlights current market trends and provides the forecast from
2015 to 2021. We have also covered the current market scenario for
green packaging market and highlighted future trends that will have
an impact on demand for the same. The present market size and
forecast until 2021 has been provided in the report. The macro and
micro economic factors affecting the demand and growth of the market
also has been provided in the report.
In
the green packaging market, among application segment the food and
beverage packaging held the largest market share. Food and beverage
industries are the largest consumer of green packaging. As the demand
for eco friendly packaging increases among consumers the
manufacturers of food and beverage products have started adopting
green packaging for their products.
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The
U.S. is the largest market for green packaging because of the
extensive use of eco friendly packaged products. Asia-Pacific region
especially India and China offers the fastest growing market for
green packaging. The population of the Asia Pacific region is large
and growing considerably. The increasing population accounts for a
better consumer base in this region. Food and beverage industry which
constitutes the basic necessities of the growing population has
better opportunity in this area and is emerging as the largest market
for food and beverage in the near future. These food and beverage
industries use green packaging to a great extent for packaging their
products.
Thus,
developing economies of Asia Pacific are expected to experience a
decent growth in the demand for green packaging products during the
forecast period. North America and Europe are the matured markets for
green packaging and is expected to have a healthy growth in recent
years.
The
conclusive analysis of the global green packaging market and the
forecasted market growth for the period 2015 to 2021 is provided in
this report. The report provides in dept study of different market
segments and detailed analysis of the green packaging market in all
possible way across different segments based on application, product
type and by geography.
Overall,
the report takes into account a complete analysis of the global green
packaging market and provides a predicted growth for the period 2015
to 2021, taking into account the various macro and micro economic
factors affecting the market.
The
report segments the green packaging market as:
By
Application
- Food and Beverage Packaging
- Personal Care Packaging
- Healthcare Packaging
- Other Packaging
By
Packaging Type
Recycled
Content Packaging
- Paper
- Plastic
- Metal
- Glass
- Other
Reusable
Packaging
- Drums
- Plastic Containers
- Other Reusable Packaging
Degradable
Packaging
By
Geography
- North America
- Europe
- Asia-Pacific
- Rest of the World (RoW)
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Press Release Of Green Packaging Market
http://www.transparencymarketresearch.com/pressrelease/green-packaging-market.htm
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