Increasing use of single-use plastic packaging waste and rising number of environmental problems, plastic pollution in oceans and landfills, and increasing awareness about packaging waste among consumers has led to emergence of sustainable plastic packaging. Sustainable plastic packaging is essential as it helps in reducing carbon footprint by using recyclable, biodegradable, or reusable packaging. Various manufacturers are using recycled or biodegraded plastic in their packaging solutions.
High adoption of sustainable packaging materials across several industrial verticals including, FMCG, wholesale, healthcare and pharmaceutical, and food and beverage, and increasing investments in research and development activities for developing more sustainable plastic packaging materials are some key factors supporting market growth. Paradigm shift towards eco-friendly, recyclable packaging materials among consumers, stringent government regulations against plastic usage, and rising focus on promoting biodegradable plastic packaging are factors expected to boost market growth going ahead.
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Some of the key players in the sustainable plastic packaging market include:
Bemis Company Inc., Amcor Limited, Mondi, WestRock Company, Tetra Laval International SA., Sonoco Products Company, BASF SE, Sealed Air, Smurfit Kappa, Gerresheimer AG, Huhtamaki, Ardagh Group S.A., BALL CORPORATION, DS Smith, Crown Holdings, Berry Global Inc., International Paper, Genpack LLC, Reynolds, Uflex Ltd., DuPont, and Evergreen Packaging LLC.
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For the purpose of this report, Reports and Data has segmented the global sustainable plastic packaging market on the basis of packaging type, packaging, process, end user, and region:
By Packaging Type Outlook (Revenue, USD Billion; 2018-2028)
By Packaging Outlook (Revenue, USD Billion; 2018-2028)
By Process Outlook (Revenue, USD Billion; 2018-2028)
By End-Use Outlook (Revenue, USD Billion; 2018-2028)
By Region Outlook (Revenue, USD Billion; 2018-2028)
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