Global Green Packaging Market to Amount to USD 244.9 Bn by 2024, Forecasts Variant Market Research in Its Report Available at MarketPublishers.com
24 Oct 2017 • by Natalie Aster
LONDON – Green packaging adoption gains momentum worldwide, as its manufacturing methods and also biodegradable (recyclable) materials used in its production cause less impact on the environment. Continued technological progress in the green packaging sector is expected to encourage the introduction of enhanced bioplastics capable to withstand mechanical and thermal barriers.
The world’s green packaging market is forecast to increase at a healthy 7.2% CAGR between 2017 and 2024 to reach the value of USD 244.9 billion.
Some of the important market growth drivers comprise escalating environmental concerns, ongoing technological advancements, scarcity of natural resources, enhancing health awareness and soaring demand for economizing of packaging, amid others. Meantime, the green packaging market also faces a number of challenges, for instance, high costs associated with recycling process and variations in prices of feedstock.
Prominent companies operating in the global green packaging space include Crown Holdings, E.I. Du Pont de Nemours and Company, Tetra Laval International S.A., Innoware Plastic, Amcor Limited, Biopack Environmental Solutions, Plantic Technologies and Bemis Company.
Insightful research report “Green Packaging Market (By Packaging Type, By Application, By Geography) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015 – 2024” worked out by Variant Market Research provides a comprehensive guide to the global green packaging market landscape and sheds light on the market performance and trends across various regions. Moreover, this topical study offers access to reliable, updated statistics and estimates, examines the key market growth restraints and drivers, outlines possible future growth opportunities and challenges, highlights the market dynamics and also presents a detailed assessment of the market segments basing on types and applications. This research publication characterises the competitive landscape and provides profiles of the top players. Additionally, this report evaluates future growth potential of the world’s green packaging market and gives forecasts for 2017-2024.
A full list of the publisher’s research studies is available in Variant Market Research catalogue at MarketPublishers.com.