Green Packaging Market Is Expected To Reach US$ 228.6 Bn By 2024: Rising Demand From Food And Beverage Industry To Intensify The Market Growth
The latest market report published by Credence Research, Inc. “Green Packaging Market, By Type, Application and Region - Growth, Future Prospects, and Competitive Analysis, 2016 - 2024,” the green packaging market was valued at US$ 142.8 Bn in 2015, and is expected to reach US$ 228.6 Bn by 2024, expanding at a CAGR of 5.5% from 2016 to 2024.
Browse the full Green Packaging Market by Type, Application and Geography - Growth, Future Prospects, and Competitive Analysis, 2016 – 2024 report at http://www.credenceresearch.com/report/green-packaging-market
Market Insights
Green or sustainable packaging is prepared by usage of renewable energy, design as well as related materials to reduce the environmental impact through its lifecycle. The green packaging are energy efficient and utilizes eco-friendly methodology and biodegradable materials. The growing awareness related to health all across the globe along with environmental issues have impelled the demand for green packaging based food or personal care products. Over the past few years, green packaging have also observed an upper hand in pharmaceutical sector as well. The bio plastic packaging have gained momentum in pharmaceutical and healthcare usages. The waste generation, unproductive utilization of materials and resources, and industrial pollution is expected to further create more demand for green packaging based products over the forecast period. Apart from this, changing preferences of consumers towards eco-friendly and sustainable packaging is expected to impel the growth of green packaging market.
Rising health and hygiene consciousness, increase in healthcare expenditure as well as rising intake of healthy food as well as higher consumption of organic and ready to eat products is anticipated to expand the growth of green packaging market over the forecast period. Rising utilization of innovative technology and thus enabling the producers to develop new products is further likely to impel the growth of green packaging market between 2016 and 2024.
Considering the competition, this market is characterized by presence of various players some of which are small-scale players and some are the largest in number. In order to enhance their presence in the overall global market, the companies are focusing on research and development as well as new product development. The companies are entering into manufacturing of innovative packaging products which will help in strengthening the growth of the market.
Browse the full report at http://www.credenceresearch.com/report/green-packaging-market
Key Trends:
New product development
Educating consumers (manufacturers) about green packaging
About Us:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Who we are
Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.
What we do
We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.
No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.
Contact:
Name: Chris Smith
Designation: Global Sales Manager
E-mail: sales@credenceresearch.com
Ph: 1-800-361-8290
No comments:
Post a Comment