Global Sustainable Food Packaging Market Overview till 2025 Global Sustainable Food Packaging Market Research | Page 2

2 1. MARKET OVERVIEW The Sustainable Food Packaging industry is on the verge of a revolution. As the world is moving towards sustainability, the novel bio-based and biodegradable packaging materials are expected to create a promisable future in the food packaging industry. In 2017, nearly 1.19 billion tonnes (60% of total production) of bioplastics produced was used for packaging products, about 50% of which was for packaging F&B products. Increasing pressure from climate change activists and consumers is forcing governments and companies alike, to come up with innovative packaging and recycling strategies for a sustainable future. The past few years have seen a multitude of F&B companies committing to sustainability goals and programs. The coming decade will see the realization of these goals and their impact on how products are consumed and how packaging waste is handled. Furthermore, the bioplastics industry is in the initial phase of growth. Although newly constructed plants are still less, the number seems to be increasing at a huge rate in the coming decades. The key industry players include: • Amcor Limited (Australia) • Mondi plc (South Africa) • WestRock Company (U.S.) • BASF SE (Germany) • Sonoco Products Company (U.S.) • Bemis Company, Inc. (U.S.) • Huhtamaki OYJ (Finland) • Smurfit Kappa Group PLC (U.S.) • Sealed Air Corporation (U.S.) • Tetra Laval International S.A. (Switzerland) Get Free Sample @ https://www.iebrain.com/reports/chemicals/global-sustainable-food-packaging- market/ Market Segmentation: On the basis of Material Types: Paper & Paperboard Plastic Glass Metal Others On the basis of Layer: Primary Secondary Tertiary