The global sustainable packaging market is expected to expand at a CAGR of 8.5% during the forecast period of 2024 to 2032. The market expansion is attributable to the government's stringent laws on sustainable development and the packaging industry's rising need for recycled packaging materials. The production and use of packaging that enhances sustainability are referred to as sustainable packaging.
With growing economy, usage of packaging is increasing broadly across different sectors of consumer sectors such as cosmetics, healthcare, and consumer goods. However, packaging industry is directly dependent on raw material providers in order to maintain effective supply and demand. Rising meat consumption is fuelling the demand for meat packaging techniques among the food product manufacturers.
