Infinium Global Research Green Packaging Market | Page 8

Green Packaging Market: Global Industry Analysis, Trends, Market Size and Forecasts up to
2023
determined and added to arrive at country or regional markets size. The country market
sizes added to arrive at the regional market size. Further, the market size of the regions is
added to arrive at the global market size of green packaging market.
In the top-down approach the global market size is estimated based on the secondary
research and historic data. Using this approach the regional market size is obtained by
splitting the global number by percentage share of each region such as North America,
Europe, Asia-Pacific and RoW. The regional market was then divided as per the market
share of the applications food and beverage, personal care, healthcare and others.
Executive Summary
Global Green PackagingMarket Highlights, (USD Million)
The global Green Packaging market is expected to grow at a CAGR of 5.3 % between 2017
and 2023 in terms of value. It is possible for manufacturers and customers to remove the
pollutants and chemicals that destroy the water, soil, and atmosphere of our planet, by
using green packaging technology. Green packaging also has a lower packaging content,
and alternative energy sources such as bio fuels, wind, and solar energy are used in the
production and transport process. Biodegradable plastics, plant-based plastics, recycled
products, alternative energy sources, post-consumer recycled polyethylene bags made
from recycled waste, recycled molded packaging for eggs and other are the material used
for green packaging.
Rising demand for green packaging products from the various end use industries, increasing
awareness among the general population about environmental friendly packaging, and
technological advancements in bio plastics are expected to drive the growth of this market.
Furthermore, inefficiency of recycling industries to process solid waste is expected to
restraint the growth of this market over the forecast period 2017 – 2023. Furthermore,
technological advancements in green packaging and emergence of bio plastics in packaging
are expected to provide opportunities to the green packaging industry.
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