At 7.0% CAGR, Green Packaging Market will reach USD 161.50 billion ,Globally by 2021
According to the report, global demand for green packaging market was valued at USD 161.50 billion in 2015 and is expected to reach USD 242.50 billion in 2021, growing at a CAGR of 7.0% between 2016 and 2021.
Request Free Sample copy of Research Report @ https://www.zionmarketresearch.com/sample/green-packaging-market
Packaging is the most important entity that helps to attract the customer attention towards the product. In various packaging techniques, green packaging is the most popular technique that is in great demand due to its excellent characteristics. Green packaging is the eco-friendly type of packaging which uses recyclable material for packaging process. It also helps to reduce the environmental impact. It does not harm ozone layer as well as does not emit volatile organic compounds and greenhouse gases such as carbon dioxide and methane. Thus, it has the great scope in food and beverages application in coming future years.
The global green packaging market is primarily driven by a paradigm shift for products related to green packaging due to rising health awareness among consumers coupled with rising disposable incomes. Secondly, increasing environmental concerns and stringent rules and regulation is projected to bolster the demand for green packaging within the forecast period. However, lack of information about green packaging and its benefits is a major restraint that is likely to hinder the demand of the market. Nonetheless, environmental issues are expected to offer new avenues to the major manufacturers of global green packaging market over the coming years.
Inquire more about this report @ https://www.zionmarketresearch.com/inquiry/green-packaging-market
Reusable packaging, recycled content packaging, and degradable packaging are the major types of global green packaging market. Among all these, recycled content packaging dominated the global green packaging market in 2015. It accounted for significant share of the total market. In addition, reusable packaging was the second largest type of green packaging in the same. Further, it is also expected to have remarkable growth over the years to come owing to the government regulations coupled with rapidly growing demand for bio-plastic packaging. Moreover, the degradable packaging is also projected to have moderate growth in coming years.
The major applications of global green packaging are personal care, food and beverages, healthcare and other applications. The food and beverages held as leading application segment of the market in 2015. It accounted for more than 45.0% shares of the entire market and further it is expected to continue this trend in near future. This growth is attributed to the robust demand for eco-friendly packaging coupled with stringent government regulations. Moreover, healthcare and personal care are expected to have exponential growth during coming years.
Based on geographic segmentation, North America was the largest market for green packaging in 2015. It accounted for more than 28% shares of the entire market. Furthermore, it is expected to follow this trend within the forecast period. U.S. was the major revenue contributor in the region in the year 2015. North America was followed by Europe. Moreover, Asia Pacific is expected to be one of the fastest growing markets for green packaging in near future. China and India are expected to be major consumer due to the presence of a large number of food and beverages industries. Furthermore, Latin America and the Middle East & Africa are expected to have moderate growth for green packaging market in near future.
Browse detail report with in-depth TOC @ https://www.zionmarketresearch.com/buynow/su/green-packaging-market
Some of the key vendors of global green packaging market are Amcor, Berry Plastics, BASF, DuPont, Printpack, Inc., Innovia Films Ltd, Bemis Company, Tetra Laval and Ball Corporation amongst others.
The report segments the global green packaging market as:
Green Packaging Market: Type Analysis
- Reusable Packaging
- Recycled Content Packaging
- Degradable Packaging
Green Packaging Market: Application Analysis
- Personal Care
- Food and Beverage
Green Packaging Market: Regional Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
Ask for a customized report @ https://www.zionmarketresearch.com/custom/158
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Zion Market Research
4283, Express Lane,
Sarasota, Florida 34249, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: [email protected]
Visit Our Blog: https://zionmarketresearch.wordpress.com/