Green packaging includes practices such as the use of recycled or biodegradable material and using refillable or reusable packaging containers. Green packaging materials are used as an alternative to packaging materials made from plastic which cannot be disposed immediately and can have huge impact on the environment.
The global green packaging market report has been segmented on the basis of application, packaging type, and region. On the basis of application, the global green packaging market has been segmented into food & beverages, healthcare, personal care, others (chemicals and waste bags). The healthcare segment is projected to register fastest growth rate in terms of revenue over the forecast period.
On the basis of packaging type, the global green packaging market has been segmented into recycled content packaging, reusable packaging, and degradable packaging. The degradable packaging segment is estimated to register fastest growth rate in terms of revenue over the forecast period, owing to growing demand for bioplastics. Degraded packaging type uses materials that are decomposed by the action of natural forces such as air, light, and water or by the addition of certain chemicals.
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On the basis of region, the global green packaging market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America market is projected to hold significant revenue share in the global green packaging market in 2017. North America green packaging market has been anticipated to register major CAGR in terms of revenue in next ten years owing to growing demand for sustainable packaging material in the region.
Key players operating in the global green packaging market include E. I. du Pont de Nemours and Company, PlastiPak Holdings, Inc., DS Smith plc, Mondi Limited, Bemis Company Inc., Tetra Laval International SA, Ardagh Group Co., Sonoco Products Company, Graham Packaging Company Incorporation, and Sealed Air Corporation.