Growing demand for advanced material across several industries is a significant factor influencing growth of the market.
Market Size – USD 80 Billion in 2020, Market Growth – at a CAGR of 6%, Market Trends –Increasing demand for advanced material across industries.
The global Sustainable Plastic Packaging Market is expected to be valued at USD 27.50 billion by end of 2028 from USD 80 billion in 2020, expanding at a CAGR of 6% over the forecast period. Rising government initiatives for encouraging adoption of biodegradable or recyclable plastic has a huge impact on social scenarios, which is propelling growth of the market. These initiatives coupled with stringent regulations imposed government globally are encouraging further funding for enhancing reach of material to general consumer. These factors are fueling growth of the sustainable plastic packaging market and are projected to benefit market growth over the foreseeable future.
In addition to these, the high costs of liquid biofuels, bio-based monomers, bio-polymers used in films, additives, cellulosic and recyclable fiber, and barriers are further restraining growth of the market. Nonetheless, the trend of adopting light weighted packaging material witnessed is predicted to offer several opportunities for growth over the forecast period.
Furthermore, the report is furnished with the latest impact of the COVID-19 pandemic on the market. The pandemic has affected every segment of the market, along with bringing disruption in the supply chain, demands & trends, and financial difficulties. The report covers the initial and future assessment of the COVID-19 impact on the market.
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The report essentially evaluates the significant presence of the global Sustainable Plastic Packaging market across the world’s major regions. The global Sustainable Plastic Packaging market has been categorized into several key geographical regions. North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa are the leading Sustainable Plastic Packaging market regions. In this section of the report, the authors have examined the market share, market size, revenue contribution, sales network, distribution channels, and numerous other aspects of each geographical segment.
Reports and Data’s latest report sums up the significant changes in the global business sector that followed the COVID-19 outbreak. The pandemic has also had an enormous impact on the global Sustainable Plastic Packaging market, disrupting the market dynamics and trends. The global health crisis has gravely affected the Sustainable Plastic Packaging industry, disrupting the global supply chains and bringing about volatility in prices and product demand. However, industry experts believe that the global Sustainable Plastic Packaging market will regain traction in the post-COVID scenario. The report further offers a preliminary and a future assessment of the pandemic’s impact on this lucrative business space.
Key findings of the report:
Based on the process, the recyclable segment held the largest share of the overall revenue of the market owing to growing demand for materials that can be recycled, such as paper.
Based on the end user, the personal care industry is witnessing substantial growth over the forecast period owing increasing demand for hygiene products coupled with growing health awareness among consumers.
North America is expected to hold significant share in the revenue of the sustainable plastic packaging market owing to several efforts by governments in the region. The Asia pacific dominated the overall sustainable plastic packaging market in 2020 and is predicted to retain its dominance over the forecast period. This growth of the region is attributable to the swiftly changing economies such as China and India.
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.
The market for sustainable plastic packaging displays the competitive scenario owing to several key players operating globally. The players are increasingly investing more on new product development and improvement, which is estimated to benefit market growth over the foreseeable future.
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For the purpose of this study, the global Sustainable Plastic Packaging market has been segmented on the basis of disease type, application, distribution channel, 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)
Food & beverage
Table Of Contents:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Sustainable Plastic Packaging Market Segmentation & Impact Analysis
4.1. Sustainable Plastic Packaging Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
126.96.36.199. Government initiatives toward sustainable packaging
188.8.131.52. Shift in consumer preference toward recyclable and eco-friendly materials
184.108.40.206. Downsizing of packaging
4.2.3. Market restraints analysis
220.127.116.11. Poor infrastructure facilities for recycling
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
4.9. Customer Mapping
4.10. Covid-19 Impact Analysis
4.11. Global Recession Influence
Chapter 5. Sustainable Plastic Packaging Market By Packaging Type Insights & Trends
5.1. Packaging Type Dynamics & Market Share, 2019 & 2027
5.2.1. Market estimates and forecast, 2017 – 2027 (USD Million)
5.2.2. Market estimates and forecast, By Region, 2017 – 2027 (USD Million)
5.3.1. Market estimates and forecast, 2017 – 2027 (USD Million)
5.3.2. Market estimates and forecast, By Region, 2017 – 2027 (USD Million)
5.4.1. Market estimates and forecast, 2017 – 2027 (USD Million)
5.4.2. Market estimates and forecast, By Region, 2017 – 2027 (USD Million)
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