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Green Packaging Market To Perceive Huge Accretions By 2023; Asserts MRFR
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Global Green Packaging Market, By Packaging type (Recycled Content Packaging, Degradable Packaging) By Application (Food & Beverage, Health Care, Personal Care and Other) - Forecast 2017-2023.

Green packaging is also known as sustainable packaging. Manufacture of packaging requires energy and creates waste, thus making it non sustainable. However, designers can make packaging sustainable by considering the environmental impacts during manufacture, usage and disposal. Stringent government regulations and legislation, forcing manufacturers to choose sustainable packaging options over the conventional packaging. are the major drivers for the growth of the green packaging market. Changing preferences towards more sustainable packaging materials, increase urbanization are some of the factors pushing the market towards growth.

The high cost of production and fluctuating raw material prices may hinder the growth of the industry. Moreover, poor recycling facilities and the high cost of recycling acts as major drivers for the growth of the market. The global market for global green packaging market is expected to grow over the CAGR of around 5.42 % during the forecasted period.

Regional Analysis of Global Green Packaging Market:

Asia-Pacific is projected to be the fastest growing market, owing to factors such as presence of the large consumer base and the increasing government’s focus on the adoption of eco-friendly solutions. Currently, North America is dominating the market of green packaging. U.S. is the leading country in terms of use of green packaging. The industrial and manufacturing sectors of the country employ excessive eco-friendly packaging for packing their products.

Key Players:

The key players of global green packaging market include Amcor Limited (Australia), Bemis Company, Inc. (U.S.), Tetra Laval International S.A. (Switzerland), Mondi Plc (South Africa), WestRock Company (U.S.), BASF SE (Germany), Sonoco Products Company (U.S.), Smurfit Kappa Group PLC (U.S.), Sealed Air Corporation (U.S.), and Huhtamaki OYJ (Finland).

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The report for Global Green Packaging Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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