World Green Packaging Market to Reach USD 210.9 Bn by 2023, Expects KBV Research in Its New Insightful Report Published at MarketPublishers.com28 Aug 2017 • by Natalie Aster
LONDON – The green packaging (or sustainable packaging) process utilises an eco-friendly method which decreases pollution and waste, whilst conserving natural resources and energy. Green packaging has evolved into one of the emerging trends from pole to pole.
Worldwide, the green packaging market size is poised to reach USD 210.9 billion by end-2023, registering a 6% CAGR during the forecast period.
Green packaging offers different benefits as against conventional packaging. The materials utilised in the manufacturing of conventional packaging like plastic bags, corrugated cardboard boxes, plastics, amid others, often wreak damage to the nearby environment. The source of conventional packaging is from fossil fuels, the utilisation of which adds millions of metric tonnes of methane and CO2 into the clean atmosphere. Nevertheless, green packaging can decrease these containments which are doing damage to the atmosphere. Green packaging uses eco-friendly methods like energy saving, biodegradable materials, downgauging, reusability, etc.
Amcor Limited, E.I. DU Pont De Nemours and Company, Sealed Air Corporation, Mondi Group, Tetra Laval (Tetra Pak), PlastiPak Holdings, Bemis Company, Ardagh Group, Nampak, and DS Smith, among others, are the leading stakeholders in the market.
Cutting-edge topical research report “Green Packaging Market (2017 - 2023)” prepared by KBV Research provides an all-round examination of the market for sustainable packaging from pole to pole.
The research study offers a detailed market segmentation analysis by type, application, and based on geography focusing on North America, Europe, APAC, and LAMEA. The research publication canvasses the game-changing trends in the worldwide sustainable packaging sector. It canvasses the competitive scene and contains comprehensive profiles of top 10 market participants. The report sheds light on the market dynamics covering the key market growth drivers, restraints and challenges, and also pinpointing emerging opportunities in the marketplace. Furthermore, a future market outlook through to 2023 is provided.
More new insightful market research reports by KBV Research can be found at its page at MarketPublishers.com.