- The key vendors in the Green Packaging Market in the US 2015-2019 are Amcor Ltd., Ball Corp., Bemis Co. Inc. and Crown Holdings Inc.
London, 31 March 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Green Packaging Market in the US 2015-2019. The emergence of biodegradable plastics is a major trend in the market. Biodegradable plastics are easily decomposed by microorganisms, which reduce their effect on the environment. 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. The Green Packaging market in the US is expected to grow at a CAGR of 6.16 percent during the forecast period of 2014-2019.
Consumer shift toward eco-friendly products motivates vendors to redesign their strategy and look for cheap and lightweight sustainable packaging solutions.
“Use of green packaging materials will reduce the negative impact of the accumulated waste in landfills,” says Faisal Ghaus, Vice President of Technavio Research.
“The need to reduce the hazards caused by packaging waste dumped in landfills is one of the major trends in the Green Packaging market in the US.”
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.
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