Sustainable Packaging Market Overview
As per Maximize Market Research, a global business research and consultancy firm, the total global market for “Sustainable Packaging Market” size reached USD 281.42 Bn in 2022 and is expected to reach USD 406.66 Bn by 2029, growing at a CAGR of 5.4 % during the forecast period.
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Sustainable Packaging Market Scope and Methodology
The bottom-up approach was used in the report to estimate the Sustainable Packaging Market. The primary and secondary data sources were used to collect data. The primary source involved interviews with significant market leaders and industry experts including business owners and marketing specialists while secondary sources are a combination of the reviews of the financial and annual reports of top manufacturers. For better information on market penetration, competitive landscape demand analysis, and regional analysis are taken at the local, regional, and global levels. The report presented the PORTER and PESTLE Analysis with the potential impact of micro-economic factors of the Sustainable Packaging market. SWOT analysis is used to identify the threats and weaknesses of the market while PORTER is used to determine the competitive intensity of the industry in the Sustainable Packaging market.
Sustainable Packaging Market Regional Insights
Categorized broadly, the Sustainable Packaging market is segmented across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report comprehensively analyzes factors, market size, growth rate, and regional import-export activities. The regional analysis extends to both local and country levels for a comprehensive examination.
Sustainable Packaging Market Segmentation
by Material Type
1. Paper and Paperboard
2. Plastics
1. Biodegradable
2. Bio-based
3. Aluminum
4.Others
Based on Material Type, the category for paper and paperboard had the highest revenue share in 2022 at 21.2%. Positive trend that indicates rising understanding of the need for sustainable packaging solutions is the high demand for sustainable paper and paperboard materials for the import and export of packaging products. It is a start in the right direction towards a more sustainable future, and it will likely increase over time. The Amazon corporation has pledged to utilise paper and paperboard as sustainable packing materials for its shipments. The business has implemented a number of environmentally friendly packaging measures, such as employing corrugated boxes with a high level of recycled content and switching to paper-based cushioning products in place of plastic ones.
by Packaging Type
1. Rigid Packaging
2. Flexible Packaging
by End User
1. Pharmaceutical and Healthcare
2. Cosmetics and Personal Care
3. Food and Beverage
4. Other End Users
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Sustainable Packaging Market Key Players
1. Sonoco Products Company
2. Amcor pie
3. Gerresheimer AG
4. Smurfit Kappa
5. Ball Corporation
6. BASF SE
7. Ardagh Group S.A.
8. Crown Holding,Inc.
9. WestRock Company
10. DS Smith
11. Mondi
12. International Paper
13. Berry Global
14. Printpack
15. Sealed Air
16. Stora Enso Oyj
17. Georgia-Pacific
18. Huhtamaki
19. Genpak,LLC
20. Tetra Pak InternationalS.A.
21. Billerud
22. Albea S.A.
23. HCP Packaging
Key questions answered in the Sustainable Packaging Market are:
- What is Sustainable Packaging ?
- What was the Sustainable Packaging market size in 2022?
- What are the different segments of the Sustainable Packaging Market?
- What growth strategies are the players considering to increase their presence in Sustainable Packaging ?
- What are the upcoming industry applications and trends for the Sustainable Packaging Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Sustainable Packaging Market?
- Who are the key players in the Sustainable Packaging market?
- What segments are covered in the Sustainable Packaging Market?
- Who are the leading companies and what are their portfolios in Sustainable Packaging Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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