English | 简体 | 繁體 Sign Up Now | Log In | Help | Add favorite | Expo-Sourcing
PackSourcing
Your location:Home » Information Center
Global green packaging market forecast to reach $242.50bn by 2021
2016-09-23

From: Packaging News

The global demand for green, recyclable material packaging market was expected to reach $242.50bn in 2021.


The Zion Market Research valued the market at $161.50bn in 2015, and is forecast to grow at 7 between 2016 and 2021.

Reusable packaging, recycled content packaging, and degradable packaging are the major types of global green packaging market.

The food and beverages held as leading application segment of the market in 2015. It accounted for more than 45% shares of the entire market and further it is expected to continue this trend in near future.

The report said that based on geographic segmentation, North America was the largest market for green packaging in 2015. It accounted for more than 28% shares of the entire market.

Furthermore, it is expected to follow this trend within the forecast period. The USA was the major revenue contributor in the region in the year 2015. North America was followed by Europe.

Moreover, Asia Pacific is expected to be one of the fastest growing markets for green packaging in near future. China and India are expected to be major consumer due to the presence of a large number of food and beverages industries.

Furthermore, Latin America and the Middle East & Africa are expected to have moderate growth for green packaging market in near future.

Zion said the global green packaging market is primarily driven by a paradigm shift for products related to green packaging due to rising health awareness among consumers coupled with rising disposable incomes.

“Secondly, increasing environmental concerns and stringent rules and regulation is projected to bolster the demand for green packaging within the forecast period. However, lack of information about green packaging and its benefits is a major restraint that is likely to hinder the demand of the market. Nonetheless, environmental issues are expected to offer new avenues to the major manufacturers of global green packaging market over the coming years.”

Claims
The copyrights of articles in the website belong to authors. Please inform us if there is any violation of intellectual property and we will delete the articles immediately.
About Us | Trade Manual | User's Guide | Payment | Career Opportunities | Exchange Web Links | Advertisement | Contact