Global green
packaging market was worth USD 108,750.0 million in
2011 and is expected to reach USD 177,733.0 million in
2018, growing at a CAGR of 7.6% from 2013 to 2018. In the overall global
market, Europeaccounted for the highest
share worth USD 41,325.0 million in 2011
followed by North America, which accounted
for USD 32,625.0 million in 2011. However,
the highest growth in the forecasted period is expected to be witnessed in
the Asia Pacificregion, especially India and China,
due to large population base, economic growth and rising awareness about green
products.
Key factors
encouraging the move towards green packaging include growing awareness about
carbon emissions, energy consumption and waste reduction targets implemented by
different nations, rapidly growing economies, a dearth of natural resources,
and consumers' preference for eco-friendly products. Worldwide, the waste
generated because of production and transportation of packaging materials has
impacted the environment considerably over the past few years. The condition is
grim in the UK, where 5.91 million tonnes of packaging waste is estimated to be
generated each year, representing approximately 20.1% of all waste.
Manufacturers are thus continuously trying to use environmentally friendly
packaging materials, which further support the growth of green packaging
market.
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Europe will
lead primarily in the green packaging market due to high regulatory
barriers and less land for landfills. Developed countries like North America and Japan will
have slow growth rate, while emerging countries like India, China andIndonesia will experience the fastest growth
during the forecasted period. Reusable and degradable packaging is expected to
witness high growth rate in the Asia Pacific region
from 2013 to 2018.
Among the
different packaging product types, recycled packaging accounts for the highest
market share, growing at a CAGR of 6.9% from 2013 to 2018. North America is expected to witness slow growth
in recycled packaging but high growth in reusable packaging due to high energy
consumption and higher cost incurred in the production processes of recycled
packaging.
Limited
consumer demand, poor recycling infrastructure and regulatory concerns are the
major restraints for the green packaging market; however cost-effective methods
and advanced packaging technologies are likely to offset the prevailing
restraints. The Asia Pacific region is
likely to serve as an opportunity for the green packaging market players
because of large consumer base, and growing food and beverage industries.
Some of the
major players in the green packaging market are Amcor, Tetra Laval, Ball Corp.,
Constar International Inc., Crown Holdings, E. I. Du Pont de Nemours,
EnviroPAK, NatureWorks, Plantic Technologies, Innoware Plastic, Rexam and
Saint-Gobain.
This research
is specially designed to estimate and analyze the demand and performance of
green packaging in a global scenario. The study presents a comprehensive
assessment of the stakeholder strategies' winning imperatives for them by segmenting
the green packaging market as below:
o Market Segmentation by Application - Market Size and
Forecast, 2011 - 2018
·
Food and Beverage Packaging
·
Personal Care Packaging
·
Healthcare Packaging
·
Other Packaging
o Market Segmentation by Packaging Type - Market Size and
Forecast, 2011 - 2018
o
Recycled
Content Packaging
·
Paper
·
Plastic
·
Metal
·
Glass
·
Other
o
§Reusable Packaging
·
Drums
·
Plastic Containers
·
·
Other Reusable Packaging
·
o Degradable Packaging
o
In addition
the report provides a cross-sectional analysis of all the above segments with
respect to the following geographical markets:
·
North America
·
Europe
·
Asia Pacific
·
RoW
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