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(MoneyNewsWire.Net, August 29, 2017 ) The world has reached a population of over 7 billion out of which it is estimated that 2.5 billion are of the age group 15-35. This consumer segment is driving the demand for packaging solutions in some of the major countries of the world. This younger generation is also aware of the environmental impact of the packaging materials and has now started demanding green packaging solutions which are safe for consumption and have minimum impact on the environment. This growing conscientious population is expected to drive the growth of the green packing market. Other factors include the formulation of new regulations by several governments all over the world, for both the private and public sector, encouraging business to reduce their carbon footprints and environmental impacts.
Asia-Pacific is leading the market with 37% share in 2016 followed by North America and Europe. Recycled content holds the major share of 92% in 2016, whereas degradable packaging market is growing at the highest rate.
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Increasing environmental concern is one of the major factors fueling the demand for the worldwide green packaging market. Owing to this factor, considerable efforts are being made for reduction of toxic waste emissions. Green package results in very less toxic emission and causes less pollution in the form of landfills. Consequently, there is an increasing demand for green packaging to keep the environment clean and pollution-free. Moreover, an increasing number of government's are taking initiatives for a cleaner environment and thus have formulated strict regulations. Manufacturers are now under pressure to use eco-friendly material in packaging and adopt methods that have less adverse impact on the environment.
The global green packaging market is segmented on the basis of type: recyclable (paper, plastic, metal and glass), reusable (drums, plastic containers), degradable and regions (North America, Europe, Asia-Pacific, rest of the world) with further country-wise segmentation. The market is also segmented on the basis of industry verticals such as FMCG, hospital, manufacturing, agriculture, fashion and apparels, electronics & appliances, automotive and others. This report also describes a detailed study of the Porter's five forces analysis of the market. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of these players which includes the key growth strategies, geographical footprint, and competition analysis.
The report also considers key trends that will impact the industry and key profiles of leading suppliers of global green packaging market. Some of the top companies mentioned in the report are Tetra Pak, Amcor, Mondi Group, Imex Packaging, McNichols Co., Rohrer Corporation, Air Products and Chemicals Inc., Bayer Material Science, Berkley International Packaging, EarthFirst Brand Films, GreenBlue and Others.
Read more details of the report at: Global Green Packaging Market 2017-2022
DRIVERS
Growing conscientious population
Stringent government regulations
RESTRAINTS
Lack of supply of bio-plastics and related materials
Higher costs
What the report offers
Market definition for the global green packaging market along with identification of key drivers and restraints for the market.
Market analysis for the global green packaging market, with region-specific assessments and competition analysis on a global and regional scale.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that can influence the market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
Identification and analysis of the macro and micro factors that affect the green packaging market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
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