The Global Green Packaging market will grow at a CAGR of 7.1 percent over the period 2013-2018, according to the Research and Markets report.
This report covers the prevailing condition and the growth predictions of the Global Green Packaging market for the period 2014-2018.
According to product type, the Global Green Packaging market can be classified into Recycled, Reusable, and Degradable.
One of the evolving trends shown in Green Packaging sector will be the increased focus on R&D, which will find out new packaging methods for food products such as rice, pasta, and potato chips.
One of the major drivers in this market is the increase in environmental concerns related to hazards such as fire, land contamination and air pollution caused by uncontrollable packaging waste dumping.
These hazards are caused by the emission of harmful GHGs from packaging waste.
Besides, one of the major challenges in the market is the capacity reduction risks linked with green packaging. Green packaging reduces utilization of shipment capacity as they are lighter and smaller which may lead to product damage during transportation.
Key Vendors of green packaging industry include Amcor, Ball, Bemis, Sealed Air and Sonoco Products.
Green packaging is produced from sustainable, renewable, and recyclable raw materials such as paper, plastic, metal, and glass, which can be easily bent or molded and can return to their original form once released.
A major benefit of green packaging is that it produces less toxic emissions even after throwing away. With the increasing environmental concerns and the growing need to reduce toxic emissions, green packaging is being adopted by the Food and Beverage, Healthcare, and Personal Care industries in large quantities.