This report titled “Green Packaging Market - Growth, Future Prospects, and Competitive Analysis, 2016 – 2024” offers strategic insights into the trends in green packaging market along with the market size and forecast for the duration 2013 to 2024. The said research study incorporates in-depth analysis of multiple market segments based on type, application and geographical distribution.
The global green packaging market is becoming increasingly competitive with growing new products by market players to reach full capabilities and gain international footprint. In addition, several players are also focused on developing their niche products in the market. Rapid growth of this market has also resulted in creating further skilled job opportunities in major hubs spread across North America, Asia Pacific and Asia Pacific.
Based on type, the global green packaging market is categorized into degradable packaging, plastic containers, drums, and others. On the basis of application, the global green packaging market is segmented into food and beverages, personal care, and others. In addition, food and cosmetic companies form the major client for these market. Market size and forecast for all the considered segmentation is presented in this report for the period 2013-2024 (US$ Mn) along with their respective CAGRs for the forecast period 2016-2024 (Value %).
Along with the quantitative information sets, this report also provides qualitative information such as market dynamics and executive summary for the global green packaging market. Tools such as competition assessment and attractive investment proposition are also included in the report to provide the readers with competitive mapping assistance. This study concludes with company profiles section. This section includes major information about the key companies engaged in development, and provision of green packaging.
On the basis of type, the green packaging market is categorized into following types:
The green packaging market is also segmented on the basis of type such as degradable packaging, plastic consumers, drums, and others. Amongst this, degradable packaging segment contributed the highest share in the total revenue of green packaging market in 2015. The segment is expected to expand at an exponential compound annual growth rate over the forecast period. Degradable packaging is the rapidly growing method in the green packaging market. In the degradable packaging segment, paperboard packaging is anticipated to mark significant share in the total segment over the forecast period. Apart from this, increasing demand for plastic containers for food storage is likely to impel the growth of plastic containers segment over the forecast period.
On the basis of application, the green packaging market is categorized into following types:
The green packaging market is also segmented on the basis of application such as food and beverages, personal care, and others. Amongst this, food and beverages segment contributed the highest share in the total revenue of green packaging market in 2015. The segment is expected to expand at a stupendous compound annual growth rate over the forecast period. The others segment which includes pharmaceutical and healthcare segment is anticipated to observe robust growth over the forecast period. Rising utilization of recycled materials in healthcare products is expected to boost the growth of others segment over the forecast period.
It has been noticed that consumers are inclining and becoming more apprehensive towards their health. This has emphasized the manufacturers to look beyond the development of such products which will enhance living of consumers without comprising the need for future generation. Thus, increasing inclination towards such products and changing mindset of consumer towards sustainable packaging based products is anticipated to bolster the growth of green packaging market over the period 2016-2024. The global green packaging market is segment on the basis of geography. Asia Pacific region contributed the highest revenue share in total green packaging market with a contribution of more than 30% in 2015. Followed by it, Europe stood at second position in that year. Higher health awareness and spending along with eco-friendly technologies in these regions is anticipated to contribute for double digit growth rate in the region. Besides this, changing consumer tastes and preferences in Latin American region towards eco-friendly products is likely to bolster the growth of green packaging market in the region over the forecast period.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Green Packaging market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Type
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Application
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
