Sustainable Packaging Market size reached USD 281.42 Bn in 2022 and is expected to reach USD 406.66 Bn by 2029, growing at a CAGR of 5.4 % during the forecast period.
Sustainable Packaging Market Overview :
The market overview of the Sustainable Packaging Market industry focuses on the detailed dynamics of the market, including aspects such as industry rivalry. The report provides comprehensive market revenue forecasts at the global, regional, segment, and national levels.
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Sustainable Packaging Market Report Scope and Research Methodology :
The research methodology employed in the report on the Sustainable Packaging market incorporates both primary and secondary research methods. Primary research involves data collection directly from the market via surveys, interviews, and observations. In contrast, secondary research entails gathering data from published sources, such as industry reports, company websites, and news articles.
The analysis provided in the report serves as a guide for stakeholders, investors, market players, and followers, as well as new entrants, by providing them with an overall view of the Sustainable Packaging market for formulating investment approaches and marketing tactics. The report utilizes a bottom-up approach to estimate the size of the Sustainable Packaging market, which involves aggregating data from individual segments to arrive at a total market size estimate.
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Sustainable Packaging Market Regional Insights :
The market is segmented by region into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Additionally, the report identifies the top countries in each region and provides market forecasts for each one.
Based on Material Type, the category for paper and paperboard had the highest revenue share in 2022 at 21.2%. Positive trend that indicates rising understanding of the need for sustainable packaging solutions is the high demand for sustainable paper and paperboard materials for the import and export of packaging products. It is a start in the right direction towards a more sustainable future, and it will likely increase over time. The Amazon corporation has pledged to utilise paper and paperboard as sustainable packing materials for its shipments. The business has implemented a number of environmentally friendly packaging measures, such as employing corrugated boxes with a high level of recycled content and switching to paper-based cushioning products in place of plastic ones.
According to Packaging Type, the segment for rigid packaging held a sizable market share of about 18.2% in 2022 and is anticipated to keep doing so over the projected period. Many businesses make rigid packaging goods with sustainable materials.
According to End Users, the food and beverage category held a sizable market share of over 56.3% in 2022 and is anticipated to increase over the course of the projected period. Numerous businesses use recycled plastics in their packaging, either by adding recycled materials to their current packaging or by developing brand-new packaging options made completely of recycled materials. The food and beverage industry is also gaining popularity for reusable packaging. Reusable packaging options, such as refillable containers or packaging that can be sent back to the manufacturer for reuse, are being investigated by several businesses.
Key Players :
• Sonoco Products Company
• Amcor pie
• Gerresheimer AG
• Smurfit Kappa
• Ball Corporation
• BASF SE
• Ardagh Group S.A.
• Crown Holding,Inc.
• WestRock Company
• DS Smith
• International Paper
• Berry Global
• Sealed Air
• Stora Enso Oyj
• Tetra Pak InternationalS.A.
• Albea S.A.
• HCP Packaging
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Key questions answered in the Sustainable Packaging Market are:
- What is Sustainable Packaging?
- What are the factors driving the Sustainable Packaging Market growth?
- What are the factors are limiting the Sustainable Packaging Market growth?
- What was the Sustainable Packaging market size in 2021?
- Which trends are expected to generate additional revenue for the Sustainable Packaging market growth?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Sustainable Packaging Market?
- What growth strategies are the players considering to increase their foothold in the Sustainable Packaging Market?
- Who held the largest market share in the Sustainable Packaging Market?
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
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