- The key vendors in the Global Green (Sustainable) Packaging Market are Amcor Ltd., Ball Corp., Bemis Co. Inc., Sealed Air Corp. and Sonoco Products Co.
London, 20 August 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Green (Sustainable) Packaging Market 2014-2018. The increase in R&D in green packaging is one of the major factors driving the growth of the Global Green Packaging market. Many government organizations, non-government organizations, industry bodies, educational institutions, and research institutes are involved in the R&D of innovative types of green packaging.
Green packaging is a type of packaging that is produced from sustainable, renewable, and recyclable raw materials. Green packaging technology mainly uses materials such as paper, plastic, metal, and glass, which can be easily bent or molded as needed but can return to their original form once released. One of the major advantages of green packaging is that it produces fewer toxic emissions such as carbon dioxide on discarding.
Many new technologies for the manufacture of green packaging have been implemented by the leading vendors in the market. Manufacturers of various products such as milk jugs, detergent bottles, garbage containers, and water pipes have been using high-density polyethylene, which has increased the ability to recycle these products. The overall market is expected to grow at a CAGR of 7.1 percent during the forecast period.
“The Food and Beverage industry is the largest consumer of green packaging materials and has the largest share in the Global Green Packaging market. Manufacturers in the F&B industry not only develop products to preserve packed food, but also aim to protect the nutritional value of the food,” says Faisal Ghaus, Vice President of TechNavio Research.
There has been an increase in demand from consumers for the use of eco-efficient packaging materials. Companies such as Nestlé, PepsiCo, Coca-Cola, ConAgra Foods, and Cadbury have been using sustainable packaging materials that give them a competitive advantage over other market players.
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
