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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Green Packaging Market Growth
Green packaging, or sustainable packaging, is the use of renewable products in manufacturing processes for the packaging of goods. This uses biodegradable and plant-based plastics together with recycled moulded packaging and polyethylene bags to make a range of items. Unlike traditional plastic packaging methods, green packaging has a lower carbon footprint, which helps to improve human and ecological safety in the long term. The green packaging approach also involves ways of minimising the amount of waste and pollution produced during the manufacturing process.
Factors that have influenced green packaging market development include the rise in awareness among consumers for luxury goods toward green packaging techniques that use bioplastics as raw material across various sectors, such as FMCG, personal body care, and pharmaceuticals. For instance, companies like L'Oréal and Unilever have made significant strides in adopting bioplastics for their packaging. Additionally, stringent government regulations and policies, particularly in Europe, are driving the market growth. For example, the European Union's Single-Use Plastics Directive aims to reduce single-use plastics by 80% by 2025. The rising focus of major brands and companies to achieve net zero goals and the growing demand for eco-friendly packaging options are also significant factors contributing to the growth of the market.
Green Packaging Market Report Snapshots
Green Packaging Market Analysis
Green Packaging Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the green packaging market reached an approximate value of USD 212.59 billion.
The market is expected to grow at a CAGR of 6.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to USD 379.25 billion by 2032.
The major drivers of the market include rising disposable incomes, increasing population, rising awareness of environmental protection, shift towards sustainable living, and the rising demands from healthcare, food, and beverage industries.
Key trends aiding market expansion include the stringent governmental regulations on environmental sustainability, rise of paper-based packaging, and technological advancements in manufacturing of packaging solutions.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major types of green packaging in the market are recycled content, reusable, and degradable packaging.
The major end uses include food, beverage, healthcare, and personal care industries.
Key players in the market are Amcor plc, DuPont de Nemours, Inc., Mondi plc, Sealed Air Corporation, and Plastipak Holdings, Inc., among others.
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