Global Sustainable Plastic Packaging Market Outlook 2019-2030
- Author Name : IMR
- Publish Date : January 4, 2021
“Global Sustainable plastic packaging market to surge at XX% CAGR, Increasing demand for Sustainable plastic packaging from end users will propel growth, says Index Markets Research.”
Index Markets Research has released a report titled “Sustainable plastic packaging market- Analysis of Market Size, Share & Trends for 2016 – 2019 and Forecasts to 2030” which is anticipated to reach USD XX Billion by 2030. According to a study by Index Markets Research, the market is anticipated to portray a CAGR of XX% between 2020 and 2030. According to the report, in line with the growth of numerous end users of sustainable plastic packaging throughout the world, the demand is expected to rise. Due to strict legislation, rules and regulations imposed by governments and regulatory bodies, and a switch to recyclable and eco-friendly packaging materials, the sustainable plastic packaging industry is expanding. Among these factors, packaging reduction and advancement in emerging technology also drive the global demand for sustainable plastic packaging.
The market report on Sustainable plastic packaging includes in-depth insights as:
- The estimated value of the market was USD XX Billion in the year 2019.
- Region wise, Asia Pacific was the largest market accounting for XX% of total market volume share in 2019
- Based on production process, the biodegradable segment is anticipated to register XX% of the volume share and is expected to grow at a highest CAGR.
- Based on industry vertical, Food and beverages segment accounted for XX% of the global volume in 2019 and is anticipated to grow at a highest CAGR.
- Key players are likely to focus on product innovations and expansion through merger to retain their positions in developed markets.
Sustainable packaging is the process of developing and using packaging that result in enhanced recycling is. The use of LCI and the LCA is being augmented to help direct packaging usage that decreases the impact on the environment and ecological footprint. This involves increasing the use of LCIs. The entire supply chain is examined: from basic feature to marketing, then to end-of – life (LCA) and restoration. In addition, an eco-cost-to-value ratio can be used to enhance human health and the survival of natural environments and increasing the sustainability of life’s quality. Sustainable packaging must meet practical and economic needs in the present in order to safeguard the needs of the future generation.
Key Players in the Market:
Some of the key players operating in the global Sustainable plastic packaging market are: Amcor PLC (Australia), Mondi Group (South Africa) , Berry Global Inc., Huhtamaki OYJ (Finland), Sibur Holdings (Russia) , Inteplast Group (US), Sealed Air Corporation (US), AptarGroup (US), Constantia Flexibles (Austria), Toray Industries (Japan), Jindal Poly Films (India), Zhejiang Kinlead Innovative Materials (China), Poligal S.A. (Spain) and Other prominent players
Get Valuable Insights into Sustainable plastic packaging Market
In the new report, Index Markets Research thrives to present an unbiased analysis of the global Sustainable plastic packaging market that covers the historical demand data as well as the forecast figures for the period, i.e. 2020-2030. The study includes compelling insights into growth that is witnessed in the market. The market is segmented by end user vertical into Food & Beverage, Pharmaceutical & Medical, and Industrial; by production process into Reusable, Biodegradable, and Recyclable
About Index Markets Research
Index Markets Research is a leading management consulting, advisory and market research organization that serves its clients globally by its team of experts and industry veterans that have years of expertise for management consulting, advisory and market research analysis. The organization functions across business consulting, strategy consulting, market research, operations consulting, financial advisory, human resources, risk & Compliance, environmental consulting, software consulting and sales consulting amongst others, and aims to aid businesses with bold decisions that help them embrace change for their sustainable growth.
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