Global Green Packaging Market: Scenario, Trends, Industry Analysis, Size, Share and Forecast 2011 - 2018
Albany, New York (PRWEB) July 24, 2014
Of the overall global market of this industry, Europe currently owns the maximum shares, worth an estimated USD 41,325 million. Market position of this geographical segment is followed by that of North America, valuing an estimated USD 32,625 million in 2011. The report, however, mentions that the market would flourish and amass most revenues from its sales in the Asia Pacific region, especially in India and China owing to the huge population, good economic growth and rising awareness about green products in this region.
Title: Green Packaging Market
Published: 18 October 2012
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Product wise, the segment of recycled packaging accounts for the largest market shares and is estimated to grow at a CAGR of 6.9% during the forecast period. This segment would especially observe good growth in the Asia Pacific region and a bit grim growth in North America. Rising concerns about indecomposable products and their ill-effects on the environment have raised concerns throughout the globe. In the past 10 years especially, adoption of sustainable or green products is continuously rising throughout the world and the packaging industry is also rapidly joining the changing trend.
From its previous focus on product utility, the industry is now changing focus to safety, effects on health, and a product’s facilitation for recycling and other environmental concerns. In the past times, waste produced from production and transportation activities of the packaging industry has led to a significant impact on the environment. The rising environmental concerns have led companies to adopt aspects such as advocating lightweight, appropriate and green packaging as their new focus. Green ideas have started penetrating every part of the packaging industry right from the source of raw material to processing to the final methods of delivery.
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The factors that could drive the growth of this market, according to Transparency Market Research, are rising awareness about carbon emissions, waste reduction and energy consumption and rising adoption of eco-friendly products amongst the end-users, a dearth of natural resources and rapidly rising world economies. However, factors such as poor recycling infrastructure in major industries, lack of government regulations for recycling waste and limited consumer demand in the current scenario may suppress growth of this market during the forecast period.
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