Precision Business Insights has published a report on the global green packaging market, estimating its value at USD 321.95 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 4.8% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/green-packaging-market
The Green Packaging Market is an industry that focuses on providing sustainable and eco-friendly packaging solutions with minimal environmental effect. Green packaging, often known as sustainable packaging, uses biodegradable, recyclable, and reusable materials to decrease waste and carbon impact. It is extensively used in industries like as food and drinks, medicines, personal care, and shipping, owing to increased consumer awareness, regulatory laws, and corporate sustainability objectives.
Drivers:
- Rising Environmental Awareness: Consumers and businesses are increasingly prioritizing sustainable packaging to reduce plastic waste and carbon footprint.
- Growth in the Food & Beverage Industry: The demand for sustainable packaging in food and beverage products is increasing due to consumer preference for environmentally friendly options.
The global green packaging market segmentation:
1) By Packaging Type: Recycled Content Packaging, Reusable Packaging, Degradable Packaging
2) By End User: Food, Beverages, Healthcare, Personal Care & Cosmetics, Others
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Regional Overview:
The report also examines the current concerns and their Future Effects on the green packaging market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the green packaging market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like DS Smith PLC, Mondi Plc, Westrock Company, Sealed Air Corporation, Elopak AS, Amcor Limited, Plastipak Holdings Inc, Sonoco Products Company, Tetra Pak International SA, Uflex Limited, Ball Corporation.
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