The sustainable packaging
is a kind of packaging which is basically light in weight and durable in terms of physical properties, convenient to recycle and reuse. Generally packaging is expected to be the significant part of industrial, logistic and retail sector. Growing issues associated to waste generation, industrial pollution, unproductive usage of resources and materials are predicted to be the main problem for the long term sustainable growth. Sustainable solution for these challenges has developed the major aim for economies, institutions and corporations. Hence, the perception of sustainable packaging is quickly growing in packaging industry. Sustainable packaging is used in various applications such as food & beverages packaging, healthcare packaging, personal care packaging, electronic appliances & home care packaging, and others. The sustainable packaging is broadly divided into raw-material types such as paper, plastics, metal, glass and others.
The market has been segmented on the basis of material into paper, plastic, metal, glass, and others. The market has been also segmented on the basis of application into food & beverage packaging, healthcare packaging, personal care packaging, and others. The layers of sustainable packaging include primary, secondary, and tertiary packaging. The global market for sustainable packaging
was predictable to be $XX billion in 2015 and is projected to grow at a CAGR of XX% and is forecast to reach $XX billion by 2021. The sustainable packaging is forecast to have the highest growth of X% during the forecast period 2016-2021. Food & Beverages industry is one of the major end-users for sustainable packaging.
Asia-Pacific (APAC) is the leading market for sustainable packaging and is forecast to have highest growth in the next few years due to growing adoption of eco-friendly products in end-user industries. North America sustainable packaging market accounts to XX% of the global market for sustainable packaging and is the fastest growing market followed by Europe.
Top Vendors of the Sustainable Packaging Market are:
- Be Green Packaging LLC
- HAVI Global Solutions
- Ultra Green Packaging, Inc.
- WestRock Company