Description :
Green packaging or sustainable packaging is a term used in manufacturing for materials that have low or negligible impact on the environment . It is energy efficient and uses ecofriendly methods , recycled or biodegradable materials . Global green packaging market is expected to grow at a CAGR of 5.41 % from 2016 to 2022 to reach $ 207,543 million by 2022 from $ 132,556 million in 2015 .
Owing to rise in awareness among consumers about their health and hygiene , food and beverage segment has generated highest revenue in 2014 . Health care segment is anticipated to witness major boost during the forecast period owing to use of bio-plastics in pharmaceutical industries . Recycled content packaging generated highest revenue owing to increase in demand of reusable package components . Europe has dominated the market in 2014 , owing to rise in population of health-conscious consumers coupled with eco-friendly technologies .
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The report segments the market based on application , packaging type , and geography . By application , it includes food & beverage packaging , personal care packaging , health care packaging , and others . By packaging type , it is subcategorized into recycled content packaging ( paper , plastic , metal , glass , and others ), reusable packaging ( drums , plastic containers , and others ), and degradable packaging . Geographically , it is analyzed across North America ( U . S ., Mexico , and Canada ), Europe ( UK , France , Germany , Italy , and Rest of Europe ), Asia-Pacific ( China , India , Japan , South Korea , and Rest of Asia-Pacific ), and LAMEA .
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Major players profiled in this study are : Amcor Limited E . I . DuPont de Nemours and Company Mondi Limited Sealed Air Corporation TetraPak International S . A . Ardagh Group Co . PlastiPak Holdings , Inc . Bemis Company , Inc . Uflex limited ELOPAK AS .
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