Quadintel published a recovery-based report for Global “Sustainable Plastic Packaging Market” that provides crucial details on company opportunities, growth plans, trends, innovations, the competitive landscape in 2022, and the geographic outlook. Based on relevant market and regional segmentation, a thorough assessment of this worldwide market includes the historical analysis of this market (from 2023 to 2030) and develops reliable and approximative timeline estimations up to 2030.
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Global Sustainable Plastic Packaging Market is valued approximately USD 84.0 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.6% over the forecast period 2021-2027.
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Sustainable plastic packaging is the use of packaging that helps in enhancing sustainability. This packaging gains huge traction owing to the emergence of eco-friendly and green packaging solutions to the corrugated cardboard boxes, plastic bottles, metal cans, etc. This helps in boosting the shelf life of the products. The introduction of various regulatory initiatives towards sustainable packaging, rising inclination towards recyclable and eco-friendly products, and the emergence of novel technologies for packaging solutions are accelerating the market demand across the globe. For instance, in January 2020, Sealed Air Corporation introduced the novel version of the company’s bubble wrap brand packaging, which is manufactured with at least 90% recycled content. Thus, the rising number of sustainable product launches by the market players are gaining huge traction for sustainable plastic packaging globally, which, in turn, surges the market demand. However, poor infrastructure facilities for recycling impede the growth of the market over the forecast period of 2021-2027. Also, the growth of the e-commerce industry is anticipated to act as a catalyzing factor for the market demand during the forecast period.
The key regions considered for the global Sustainable Plastic Packaging market study includes Asia Pacific, North America, Europe, Latin America and the Rest of the World. The Asia Pacific is the leading region across the world in terms of market share owing to the rising awareness regarding the significance of renewable and ecofriendly packaging along with the growth of the various industries the majorly across emerging nations like India and China. Whereas, Europe is anticipated to exhibit a considerable growth rate over the forecast period 2021-2027. Factors such as the rising initiatives for sustainable environment, steady growth of the food & beverage industry, as well as industrialists are also promoting the adoption of sustainable packaging would create lucrative growth prospects for the Sustainable Plastic Packaging market across the region.
Major market player included in this report are:
- Sonoco Products Company
- Berry Global Inc.
- Amcor PLC
- Huhtamaki OYJ
- Sealed Air Corporation
- BALL CORPORATION
- Reynolds Packaging
- Ardagh Group S.A.
- Evergreen Packaging LLC
- Mondi Plc.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Packaging Type
Rigid
Flexible
Industrial
By Packaging Format
Primary packaging
Secondary packaging
Tertiary packaging
By Process
Recyclable
Reusable
Biodegradable
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By End-Use Sector
Food & beverage
Personal care
Healthcare
Other end-use sectors (electronics and homecare)
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Key Market Features in Global Market: The report assessed key market features, including revenue, capacity, price, capacity utilization rate, production rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. The study also offers a thorough analysis of the most important market factors and their most recent developments, as well as pertinent market segments and sub-segments.
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the market opportunities, market risk, and market overview of this industry?
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