Sustainable Packaging Market Report
Sustainable packaging refers to the use of materials and design strategies that minimize the environmental impact of packaging throughout its lifecycle.
OREGON, PORTLAND, UNITED STATES, August 8, 2023/EINPresswire.com/ — The rigid packaging segment held the largest market share of nearly three-fifths of the global sustainable packaging market in 2021. Rigid packaging is used in a wide range of products, including food, medicine, electronics, toys, personal care items, office supplies, tools, and others. Moreover, it is highly impact-resistant and affordable. However, the flexible packaging segment is expected to maintain its dominance and is projected to witness the largest CAGR of 7.6% from 2022 to 2031. Rapid change in lifestyles has surged the demand for convenient products where bioplastics are widely used for flexible packaging applications.
๐๐๐ง๐ญ ๐ญ๐จ ๐๐๐๐๐ฌ๐ฌ ๐ญ๐ก๐ ๐๐ญ๐๐ญ๐ข๐ฌ๐ญ๐ข๐๐๐ฅ ๐๐๐ญ๐ ๐๐ง๐ ๐๐ซ๐๐ฉ๐ก๐ฌ, ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ’ ๐๐ญ๐ซ๐๐ญ๐๐ ๐ข๐๐ฌ: https://www.alliedmarketresearch.com/sustainable-packaging-market/purchase-options
Sustainable packaging refers to the use of materials and design strategies that minimize the environmental impact of packaging throughout its lifecycle, from production and transportation to use and disposal. The goal of sustainable packaging is to reduce resource consumption, minimize waste generation, and promote ecological balance.
The paper and paperboard segment was the largest market in 2021, contributing to more than two-fifths of the global sustainable packaging market share, and is expected to maintain its leadership status during the forecast period. This is because paper and paperboard materials are more recyclable, biodegradable and non-toxic as compared to other materials and have low environmental impact. On the other hand, the others segment is projected to witness the fastest CAGR of 8.2% from 2022 to 2031. This segment includes glass which is used in a wide range of items, including packaging, dinnerware, and homes & structures.
Sustainable packaging is not only about reducing environmental impact but can also offer businesses benefits such as improved brand image, reduced costs, and increased customer loyalty. As consumers become more environmentally conscious, the demand for sustainable packaging continues to grow, driving innovation and positive changes in the packaging industry.
Asia-Pacific was the largest market in 2021, capturing more than two-fifths of the global sustainable packaging market share, and is expected to lead the trail during the forecast period. The same segment is projected to manifest the fastest CAGR of 7.8% during the forecast period. Rise in urbanization has favored the growth of the sustainable packaging market in the Asia-Pacific region. Also, the presence of large manufacturing industries
The sustainable packaging market had been experiencing significant growth and was expected to continue expanding in the coming years. The increasing awareness of environmental issues and the push for more eco-friendly solutions had driven businesses and consumers alike to seek sustainable packaging alternatives
Benefits offered by sustainable packaging products such as strength, transparency, insulation and water resistance, the growing use of sustainable packaging in industries such as healthcare, pharmaceutical, automobile, nutraceuticals, and fashion, increase in plastic pollution globally, employment of a wide range of sustainable packaging products by modern agricultural practices to help improve productivity, and the ability of sustainable packaging to preserve a product’s shelf life drive the growth of the global sustainable packaging market.
๐๐๐๐ค๐๐ ๐ข๐ง๐ ๐๐๐ฌ๐ข๐ ๐ง ๐๐ง๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ : Sustainable packaging was becoming a way for brands to differentiate themselves and create a positive image among environmentally conscious consumers.
๐๐ฅ๐จ๐๐๐ฅ ๐๐ฎ๐ฉ๐ฉ๐ฅ๐ฒ ๐๐ก๐๐ข๐ง ๐๐จ๐ง๐ฌ๐ข๐๐๐ซ๐๐ญ๐ข๐จ๐ง๐ฌ: The sustainable packaging market was influenced by global supply chain dynamics, including the availability of raw materials and the capacity for recycling infrastructure.
๐๐ง๐ฏ๐๐ฌ๐ญ๐ฆ๐๐ง๐ญ ๐๐ง๐ ๐ ๐ฎ๐ง๐๐ข๐ง๐ : There was a growing interest from investors in companies that were innovating in the sustainable packaging space. Startups and established players were securing funding to develop and scale their sustainable packaging solutions.
According to the report, the global sustainable packaging industry generated $93.6 billion in 2021, and is estimated to reach $190.6 billion by 2031, witnessing a CAGR of 7.4% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.
Sustainable packaging became a way for companies to differentiate themselves and connect with environmentally conscious consumers. Brands that embraced sustainable packaging often saw improved brand image and increased customer loyalty.
๐๐๐๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
– Amcor plc
– Ardagh Group S.A.
– Ball Corporation
– BASF SE
-Crown Holdings, Inc.
– DS Smith plc
– Elopak AS
– Emerald Packaging, Inc.
– Mondi plc
– Nampak Ltd.
– Plastipak Holdings, Inc.
– Sealed Air Corporation
– SGF Packaging Co., Ltd.
– Smurfit Kappa Group plc
– Sonoco Products Company
– Tetra Pak
– WestRock Company
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐ฐ๐ข๐ญ๐ก ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐๐๐ฉ๐จ๐ซ๐ญ @ https://www.alliedmarketresearch.com/request-for-customization/17613
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