Global Green Packaging Market 2018-2022| Growing Demand for Bio-based Resins Drives Growth| Technavio
LONDON--(BUSINESS WIRE)--Oct 8, 2018--The global green packaging market research report by predicts the market to post a CAGR of more than 8% during the period 2018-2022.
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Technavio has published a new market research report on the global green packaging market for the period 2018-2022. (Graphic: Business Wire)
A key driver for the global green packaging market is the growing demand for bio-based resins as the packaging material. Packaging solutions that are manufactured from renewable bio-based resins are assisting businesses in reducing their dependence on fossil fuels. Bio-based resins have no or minimal effects on the environment. This growth in the demand for sustainable packaging material is boosting the green packaging market growth.
This research report also provides an analysis of the most important trends expected to impact the market outlook during the period 2018-2022. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the rising demand for green packaging from emerging countries as one of the key trends in the global green packaging market:
Global green packaging market: Rising demand for green packaging from emerging countries
The major factor contributing to the growth of the green packaging market in emerging countries such as China, India, South Africa, Brazil, Argentina, Thailand, and Mexico is the change in the perception of retailers and consumers about packaging materials as the packaging waste accounts for a major share of the global plastic waste. The rise in the number of landfills with plastic waste is increasing the emission of greenhouse gases, which affects the environment.
“The demand for green packaging solutions will be fueled by the growing demand for sustainable business development in emerging countries. During the forecast period, the economic activities in China and India are expected to grow. Major companies are taking initiatives to promote the sustainable value chain. Such initiatives have led to the focus of packaging companies towards green packaging solutions, which will drive the growth of the global green packaging market during the forecast period,” says a senior analyst at Technavio for research on packaging.
Global green packaging market: Segmentation analysis
This green packaging market analysis report segments the market by product (recyclable products, reusable products, and degradable products), by end-user (food industry, beverage industry, healthcare industry, and personal care industry), and geography (the Americas, APAC, and EMEA).
The food industry held the largest green packaging market share in 2017, accounting for over 55% of the market. This end-user segment is expected to dominate the global market throughout the forecast period.
The Americas led the market in 2017 with approximately 36% of the market share, followed by EMEA and APAC, respectively. The Americas is expected to dominate the market throughout the period 2018-2022.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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INDUSTRY KEYWORD: MANUFACTURING PACKAGING ENVIRONMENT
SOURCE: Technavio Research
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PUB: 10/08/2018 01:01 PM/DISC: 10/08/2018 01:01 PM