Green Packaging - A $296.84 Billion Market Opportunity by 2023: Food & Beverage and APAC Dominate - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 20, 2018--The “Global Green Packaging Market - Segmented by Materials (Plastics, Metals), End-user, and Region - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The Global Green Packaging Market was valued at USD 214.33 billion in 2017, and is expected to reach a market value of USD 296.84 billion by 2023, registering a CAGR of 5.7%, during the forecast period of 2018-2023.
The way consumers view and interact with packages is changing, with growing focus on sustainability; traditional packaging solutions are being replaced by innovative and more viable sustainable packaging. Companies are focusing on green packaging solutions, which are either recyclable or have a lower impact on the environment.
Key HighlightsEmergence of Sustainable Materials, such as Bio-Plastics to Drive the Market Food & Beverage is the Largest Market Asia-Pacific is the Largest Regional Market
Notable Developments in the MarketMcDonald’s announced that all of its packaging will be made from renewable, recycled or certified materials by 2025. The restaurant aims for all of its 37,000 restaurants around the world to use these products. Currently, half of McDonald’s packaging is made from sustainable materials, and only 10% of its outlets are recycled. The Kroger Co. announced it had joined the Sustainable Packaging Coalition (SPC), a membership-based collaborative of like-minded companies striving to advance sustainable packaging. It has joined more than 130 brands, manufacturers, government officials, academics, and organizations in SPC. TIPA Sustainable Packaging, a developer and manufacturer of bio-based, compostable, flexible packaging, and Jindal Films Europe, involved in the development & manufacture of specialty packaging & labeling film solutions announced the signature of partnership agreement at Interpack 2017.
Key Topics Covered
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
5. Global Green Packaging Market Segmentation
6. Competitive Intelligence - Company ProfilesAmcor Limited Mondi Group Sealed Air Corporation Tetra Pak International SA Winpak Limited Berry Global Inc. Bemis Company Inc. BASF SE Huhtumaki OYJ DowDuPont
7. Investment Analysis
8. Future Outlook on the Green Packaging Market
For more information about this report visit https://www.researchandmarkets.com/research/6np7qb/green_packaging?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180820005389/en/
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INDUSTRY KEYWORD: MANUFACTURING PACKAGING ENVIRONMENT
SOURCE: Research and Markets
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PUB: 08/20/2018 10:48 AM/DISC: 08/20/2018 10:48 AM