SUSTAINABLE PACKAGING MARKET ANALYSIS

Sustainable Packaging Market, By Material Type (Glass, Plastic, Metal, Paper, Others), By Process (Reusable Packaging, Degradable Packaging, Recycled Packaging), By End User Industry (Pharmaceutical and Healthcare, Cosmetics and Personal Care, Food and Beverage, Other End user Industries), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : May 2024
Code : CMI5203
Pages :162
Formats :
Excel and PDF
Industry : Packaging

Regional Analysis

Sustainable Packaging Market Regional Insights

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North America has emerged as the largest market for sustainable packaging in the recent years. The region is estimated to account for over 36.7% of the market share in 2024, owing to strong governmental support and presence of key industry players. Countries like the U.S. and Canada have stringent regulations around the use of plastics and promotion of sustainable alternatives. Various federal and state-level initiatives promote the adoption of recyclable and reusable packaging materials. Many consumer brands in North America have also committed to transition to more sustainable packaging formats to meet consumer demand for eco-friendly options.

The Asia Pacific region has shown tremendous growth in the sustainable packaging space and is poised to dominate the future market landscape. Countries like India, China, Indonesia and Vietnam have seen double digit annual growth rates due to rapid industrialization and growing emphasis on environmental protection policies. Strong GDP growth coupled with rising standards of living have propelled the consumption of consumer packaged goods.