Global Green Packaging Market Size, Share, Analysis, Industry Report and Forecast 2021-2027
The global green packaging market is anticipated to grow significantly at a CAGR of 5.3% during the forecast period (2021-2027). The key aspect that drives the growth of the global green packaging market includes the shift of the major brands towards the adoption of sustainable packaging options as their packaging products; owing to the increasing environmental concerns across the globe. Some of the brands that have shifted their focus towards green packaging include:
·
In January 2020, Nestlé announced an investment
of $2.1 billion on shifting its packaging from virgin plastics to food-grade
recycled plastics and increase the development of more sustainable solutions.
The company also announced to buy approximately 2 million metric tons of
food-grade recycled plastics and devote more than $1.6 billion to pay a premium
for these materials between 2020 and 2025. The company is also planning the
launch of a sustainable packaging venture fund with $260 million to invest in
start-up companies focusing on these areas.
·
In October 2019, Coca-Cola Western Europe and
Coca-Cola European Partners (CCEP) marched for a World Without Waste by
enhancing their joint action plan to collect, recycle, and reuse their
packaging products. Both the companies are raising the bar of This is Forward,
their sustainability action plan for Western Europe, which pledged that by 2025
Coca-Cola would collect a can or bottle for everyone that it sells; ensure that
all of its packagings are 100% recyclable and ensure that at least 50% of the
content of its plastic bottles comes from recycled material.
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·
Market
number available for – 2020-2027
·
Base
year- 2020
·
Forecast
period- 2021-2027
·
Segment
Covered- By Packaging Type and Applications
·
Regions
Covered- North America, Europe, Asia-Pacific, Rest of the World
·
Competitive
Landscape- Amcor Ltd., Ball Corp., BASF SE, Berry Global Inc., DS Smith Plc,
Mondi Group Plc, Nampak Ltd., and Sonoco Products Co. among others
Key questions
addressed by the report
·
What is
the market growth rate?
·
Which
segment and region dominate the market in the base year?
·
Which
segment and region will project the fastest growth in the market?
·
How has
COVID-19 impacted the market?
·
Deviation
from the pre-COVID-19 forecast
·
Most
affected region and segment
·
Who is
the leader in the market?
·
How
players are addressing challenges to sustain growth?
·
Where
is the investment opportunity?
·
Global
Green Packaging Market – Segmentation
By Packaging
Type
Recycled
Content Packaging
·
Plastic
·
Paper
·
Glass
·
Metal
Reusable
Packaging
·
Containers
& Drums
·
Intermediate
Bulk Containers
·
Other
Reusable Packing Products
·
Degradable
Packaging
By
Application
·
Food
·
Beverage
·
Pharmaceutical
·
Personal
Care
·
Other
Applications
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Global Green
Packaging Market – Segmentation by Region
Regional
Analysis
North America
·
United States
·
Canada
Europe
·
UK
·
Germany
·
Spain
·
France
·
Italy
·
Rest of Europe
Asia-Pacific
·
India
·
China
·
Japan
·
South Korea
·
Rest of APAC
Rest of The World
Company
Profiles
·
Amcor
Ltd.
·
Ardagh
Group SA
·
Ball
Corp.
·
BASF SE
·
Berry
Global Inc.
·
Clorox
Co.
·
Crown
Holdings Inc.
·
DS
Smith Plc
·
7Elopak
AS
·
Emerald
Packaging
·
Mondi
Group Plc
·
Nampak
Ltd.
·
PlastiPak
Holdings Inc.
·
Sealed
Air Corp.
·
SGF
Packaging Co. Ltd.
·
Sonoco
Products Co.
·
Tetra
Pak International SA
·
Uflex
Ltd.
·
WestRock
Co.
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