Green Packaging Market Analysis: Size, Share, Growth, and Outlook.

According to Qualiket Research, the Global Green Packaging Market was valued at USD 130,540 million 2019 which is expected to reach USD 208,540 million by 2030 at a CAGR 6.12%.

Green packaging is referred as sustainable packaging that is use of implementation of manufacturing methods and packaging materials which have low impact on energy consumption and environment. Green packaging includes the usage of biodegradable and recyclable materials thus called as sustainable or energy efficient packaging.

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Market Drivers:

· Increase in awareness regarding environmental benefits and safety related to green packaging is expected to boost the global green packaging market growth. Also, initiatives taken by governments that support the use of green packaging will have the positive impact on global green packaging industry growth. Furthermore, increase in technological advancements inducing the development of bioplastics which is expected to propel the global green packaging market growth. For instance, in April 2015, FLEXcon had launched green glow-in-the-dark-packaging film.

· Green Glow-in-the-dark film offers more flexibility, lower cost, and wider width alternative to phosphorescent vinyl. Moreover, rise in reductions in the availability of natural resources giving rise to alternative methods of manufacturing which is expected to fuel the global green packaging market growth.

Key players:

· Huhtamaki OYJ, Graham Packaging Company Incorporation, Cargill Incorporation, Sonoco Products Company, Mondi Plc, Tetra Laval International SA, Sealed Air Corporation, Bemis Company Inc, and Amcor Limited.

Market Trends:

· Increased use of plant-based packaging materials

· Growing demand for eco-friendly packaging

· Advancements in compostable packaging

· Rising importance of circular economy

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