Sustainable Plastic Packaging - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Sustainable Plastic Packaging Market is accounted for $78.05 billion in 2019 and is expected to reach $140.23 billion by 2027 growing at a CAGR of 7.6% during the forecast period. Some of the key factors propelling the growth of the market are increasing popularity of eco-friendly materials, advancement in technologies and innovations, and downsizing of packaging. However, lack of infrastructure facilities for recycling is the restraining factor for the growth of the market.
Sustainable plastic packaging makes use of innovative new plastics made with renewable, compostable, reclaimed or recycled materials can be easily substituted for many traditional plastics. These materials can produce high quality, cost-competitive products for packaging applications without a heavy environmental footprint.
By process, the biodegradable segment is expected to grow at a significant market share during the forecast period as it decomposes naturally in the environment thereby reducing the environmental hazard. Based on geography, Asia Pacific is anticipated to hold considerable market share during the forecast period which is attributed to the low manufacturing and labour costs coupled with the growing developmental activities and rapid economic expansion.
Some of the key players in Sustainable Plastic Packaging Market include Amcor plc, Berry Global Group Inc, Genpak LLC, Smurfit Kappa, Aptargroup's Right to Win, Mondi plc, Sealed Air Corporation, Constantia Flexibles, Novamont S.P.A, Sonoco Products Company, Huhtamaki Oyj, Uflex Ltd, Tetra Laval, Natureworks LLC, Essel Propack, Plastic Suppliers Inc, Gerresheimer AG, Phoenix Technologies International LLC, Innovia Films, and Reynolds Packaging.
Packaging Types Covered:
Packaging Formats Covered:
• Primary Packaging
• Secondary Packaging
• Tertiary Packaging
End Users Covered:
• Food & Beverage
• Personal Care
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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- Market share assessments for the regional and country-level segments
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- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
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- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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