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Green Packaging Market Revenue Projected to Reach $207,543 Million by 2022 | Allied Market Research

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Green Packaging Market Revenue Projected to Reach $207,543 Million by 2022 | Allied Market Research

November 28
18:56 2019
Green Packaging Market Revenue Projected to Reach $207,543 Million by 2022 | Allied Market Research
Allied Market Research Adds “Green Packaging – Market Demand, Growth, Opportunities, Manufacturers and Analysis of Top Key Players to 2022” To Its Research Database

Green Packaging Market by Packaging Type and Application: Global Opportunity Analysis and Industry Forecast, 2014 – 2022, the global green packaging market generated revenue of $132,556 million in 2015, and is expected to reach $207,543 million by 2022, growing at a CAGR of 5.41% from 2016 to 2022. The food & beverage segment accounted for more than three-fifths of overall share in the applications segment.

Rise in hygiene & health concerns among consumers boosts the demand for green packaging with applications in sustainable packaging. Moreover, stringent government regulations on nondegradable plastics and increase in demand for recycled packaging products have fueled the market growth.

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Furthermore, reverse logistics in packaging industry has eased the transportation of municipal wastes to recycle plants. Initiatives by multinational companies such as Dow Chemical Company, Henkel AG & KGaA, and Mitsubishi Corporation to promote sustainable development by forming a community called Together for Sustainability provides opportunity to the market. This initiative supports the United Nations Global Compact and Responsible Care to achieve sustainable development.

The recycle content packaging segment is expected to grow with a CAGR of 4.92%. Bioplastics have flourished in healthcare and pharmaceutical applications, and are accepted as an alternative for polymer oil-based products. In addition, reverse logistics and increase in number of legislations for ecological packaging techniques have facilitated the recycle of municipal wastes.

Top Key Players are: Amcor Limited, E. I. DuPont de Nemours and Company, Mondi Limited, Sealed Air Corporation, TetraPak International S.A., Ardagh Group Co., PlastiPak Holdings, Inc., Bemis Company, Inc., Uflex limited, and ELOPAK AS.

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KEY FINDINGS OF THE STUDY

  • The European region is expected to continue to lead the market, followed by North America during the forecast period.
  • German green packaging market is estimated with a CAGR of 5.10%.
  • The Middle East region is estimated to grow at a CAGR of 3.15%.
  • The North American and Asia-Pacific regions jointly accounted for more than half of the total share in 2015.

 

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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