Green packaging, also referred to as sustainable packaging, minimizes the use of energy and reduces the negative environmental effects of packaging. In contrast to products such as plastic and Styrofoam, green packing solutions include biodegradable and #recyclable materials. The industry is projected to grow USD 385.34 billion in 2028.
𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐇𝐞𝐫𝐞- https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/green-packaging-market-105113
Rise in awareness among consumers for luxury goods toward green packaging techniques that use #bioplastics as raw material across various sectors, including FMCG, personal body care, and pharmaceuticals has driven the industry growth.
Increasing Focus on Adoption of Recycled Packaging Content to Stoke Demand
Several companies are coming up with innovative solutions to tackle the growing menace of plastic that is leading to the degradation of the environment. For instance, the Colgate-Palmolive Company had undertaken a strong stance on the rising plastic disposal problem by announcing the company’s 2020 goal to increase recycled plastic content in their packaging. The company reports that by 2050 it will inculcate 75% of the recycled content in its production processes. Therefore, the increasing focus on adopting innovative recycled packaging content is expected to contribute to the global green packaging market growth in the forthcoming years.
Worldwide Best Top 10 Companies- Amcor Limited, E. I. DuPont de Nemours and Company, Mondi Limited, Sealed Air Corporation, TetraPak International S.A., Ardagh Group Co., PlastiPak Holdings, Inc., Bemis Company, Inc., Uflex limited, and ELOPAK AS.
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