London, 20 February 2015 – With growing demand from the food and beverage industry, the Global Green Packaging Market is expected to grow at a CAGR of 7.84 percent from 2014-2019, says research firm TechNavio.
About the Report
According to a new report from TechNavio, the food and beverage (F&B) industry is the largest consumer of green packaging materials. As demand for eco-friendly packaging materials increases, manufacturers of F&B products have started developing green products to preserve food and its nutritional value.
“Companies like Cadbury, Coca-Cola, ConAgra Foods, Nestlé and Pepsico use sustainable packaging materials, which gives them a competitive advantage over other market players,” says Faisal Ghaus, Vice President of TechNavio.
Furthermore, the new TechNavio report emphasizes the introduction of stringent government regulations in the market. The introduction of an extended producer responsibility (EPR) approach for many packaging companies in several states in the US is one such example. EPR is a policy that mandates manufacturers to pay for the recycling process and safe disposal of their products.
“As a consequence of stringent policies, many manufacturers prefer using green packaging materials for sustainable products rather than incurring the additional expense of handling the packaging at the end of its life cycle,” says Ghaus.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2019
Market Growth Drivers:
- Increased Demand from F&B Industry
- For a full detailed list, view our report.
Market Challenges:
- High Initial Investment
- For a full detailed list, view our report.
Market Trends:
- Stringent Government Regulations
- For a full detailed list, view our report.
Key Vendors:
- Amcor Ltd.
- Ball Corp.
- E. I. du Pont de Nemours and Co.
Other Prominent Vendors:
- Ardagh
- BeGreen
- Cascade
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
