A lot of people have a misconception that paper is environmental friendly. But when considered over the entire life of packaging, paper and cardboard embody far more greenhouse gasses than their plastic equivalents. Paper products take substantial amounts of energy to make. Crushing a tree down into small fibers, mixing the wood pulp into a slurry and then passing the wet mass through huge rollers cannot be done without use of enormous quantities of power. Making cardboard is almost the third largest industrial use of energy on the planet. A second concern is that many paper and cardboard products end up in local authority landfill, where they rot down anaerobically, creating the greenhouse gas methane in the process.

Global Sustainable packaging market, to grow with ~7% CAGR during the forecast period.

The global sustainable packaging market is segmented on the basis of Packaging Type (Tubes, Bags & Pouches, Corrugated Box and others), Material (Paper & Paperboard, Glass, Metal, Plastic), Process (Degradable Packaging, Recycled Packaging, Reusable Packaging), by Application (Personal Care, food & Beverages, Pharmaceutical and others) and by geography (North America, Europe, Asia Pacific, RoW) MRFR analysts observed that the Asia Pacific market, especially in China, is the fastest-growing segment, even though the market is led by Europe, currently. Europe region is expected to present significant opportunities for the industry’s expansion, owing to the favorable government initiatives undertaken by the government for promoting the use of green packaging and creating a sustainable environment. However, growing awareness among the middle-class population and the growing demand for sustainable practices are anticipated to favor the regional growth.

Geographically, Asia Pacific is expected to be a leading revenue contributor throughout the forecast period. Europe and North America will also account for a large combined share in the revenue. North America accounted for second largest market in sustainable packaging owing to stringent environmental regulations taken by government for the environmental safety. In North America, U.S. captured the biggest sustainable packaging market in 2016. Further, increasing research and development activities by major key players is also predicted to bolster the growth of sustainable packaging market. Europe is expected to witness a tremendous growth during the forecast period. U.K. and France are the major countries witnessing the augmented demand for sustainable packaging, owing to growing environmental concerns. Global sustainable packaging market is expected to flourish at a CAGR of more than 7% over the forecast period. Further, growing awareness about the benefits of sustainable packaging, is the key growth driver of global sustainable packaging market.

The stringent government regulations pertaining to environment conservation and the growing consumer preference for eco-friendly solutions, translate into the greater uptake of sustainable packaging in these regions. The latest trend in the market is focus on sustainable packaging solutions. Consumer product manufacturers prefer various types of eco-friendly packaging designs and materials for supporting sustainable business operations. Packaging vendors are focusing on the production of the packaging solutions, such as corrugated boxes, which are 100% recyclable.

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We recognize the key players in the global sustainable packaging market as Amcor Limited (Australia), Silgan Holdings Inc.( U.S.), Bemis Company Inc.( U.S.), Sonoco Products Company (U.S.), Mondi plc.( Austria), The Dow Chemical Company(U.S.), Stora Enso Oyj(Finland), BASF SE  (Germany), Genpak, LLC(North Carolina), DS Smith Plc.( U.K.), and Smurfit Kappa Group Plc.(Dublin) and others.

This research report provides insights, on various levels of analysis such as industry analysis, and market share analysis for the leading players along with their profiles. It also helps in studying the target segments by providing views on emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios & strategies in the global sustainable packaging market, including high-growth regions and/or countries, and political, & economic environments. The project report, further, provides views on both the historical market values and pricing & cost analysis.

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