Global Sustainable Plastic Packaging Market
By End User Vertical Into (Food & Beverage, Pharmaceutical & Medical, and Industrial); By Production Process (Reusable, Biodegradable, and Recyclable); and Region –Analysis of Market Size, Share & Trends for 2016 – 2019 and Forecasts to 2030
Sustainable packaging is the process of developing and using packaging that results in enhanced recycling. The use of LCI and the LCA is being augmented to help direct packaging usage that decreases the impact on the environment and ecological footprint. This involves increasing the use of LCIs. The entire supply chain is examined from basic features to marketing, then to end-of-life (LCA) and restoration.
This report anticipates the Sustainable plastic packaging market to surpass USD XX Billion by 2030, which is valued at XX billion in 2019 at a compound annual growth rate of XX%.
According to the report, in line with the growth of numerous end users of sustainable plastic packaging throughout the world, the demand is expected to rise. Due to strict legislation, rules and regulations imposed by governments and regulatory bodies, and a switch to recyclable and eco-friendly packaging materials, the sustainable plastic packaging industry is expanding.
Sustainable plastic packaging Market: Segments
Global market has been segmented on the basis of production process, end user vertical, and by location. It has been further segmented on the basis of region into North America, Europe, Asia-Pacific, Mid East and Africa.
By Production Process (in %), global Sustainable plastic packaging Market, 2019
The biodegradable segment is anticipated to register XX% of the volume share and is expected to grow at a highest CAGR.
Global Sustainable plastic packaging Market is segmented by production process into: Reusable, Biodegradable, and Recyclable.
Biodegradable plastic decomposes by the metabolic action of micro organisms. This is done by destroying the biodegradable plastic structure of microorganisms in the environment. It is less environmentally harmful than traditional plastics.
Bio-plastics produced from recycled raw materials can be manufactured from biodegradable plastics. Innovation plays a crucial role in the plastic packaging market for biodegradable products. Many businesses invest in research and development to look for new, environmentally friendly packaging materials.
Global Sustainable plastic packaging Market: Drivers and Restraints
• Product Development
Sustainable plastic packaging excels in their fine clarity, temperature tolerance, strength, and barrier properties. They are also available in a wide variety with respect to thickness and surface characteristics, presenting several options for their offers to the customer.
• Quality issues
Newly designed, rigid packaging demand in the packaging industry and standard and quality issues for Sustainable plastic packaging are key factors restricting the growth of the sustainable plastic packaging market. The industry’s high Barrier Growth is limited by poor quality sealing.
Global Sustainable plastic packaging Market: Regions
In terms of value and volume, Asia Pacific was the largest market accounting for XX% of total market volume share in 2019
Asia Pacific led the global market for BOPP mulch films with XX% of the overall demand in 2019. With fast industrialization and urbanization, India and China has been the leading consumer to an improved standard of living and increasing demand for food products.
The increasing demography in this region provides an enormous consumer base for FMCG goods and food & beverages, which is expected to contribute to the growth of the market.
Global Sustainable plastic packaging Market: Key Players
• Amcor PLC (Australia)
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Mondi Group (South Africa)
• Berry Global Inc.
• Huhtamaki OYJ (Finland)
• Sibur Holdings (Russia)
• Inteplast Group (US)
• Sealed Air Corporation (US)
• AptarGroup (US)
• Constantia Flexibles (Austria)
• Toray Industries (Japan)
• Jindal Poly Films (India)
• Zhejiang Kinlead Innovative Materials (China)
• Poligal S.A. (Spain)
• Other prominent players
Global Sustainable plastic packaging market report also contains analysis on:
• Sustainable plastic packaging Market Segments:
o By Production process:
o By End User Vertical:
Food & Beverage
Pharmaceutical & Medical
• Sustainable plastic packaging Market Dynamics
• Sustainable plastic packaging Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints