Green Packaging Market Worth $237.8 Billion by 2024 | CAGR 5.7%: Grand View Research, Inc.

Increasing government campaigns for educating consumers about the benefits of eco-friendly products and harmful effects of toxic packaging materials is expected to benefit industry growth over the forecast period.

According to a recent survey conducted by packaging manufacturer, Asia Pulp & Paper, over 50.0% of people in South and North America prefer green packaging when they purchase any product. Additionally, 42.0% of the people surveyed stated their willingness to pay more for green packaging options.

Bioplastics have zero CO₂ emissions, which makes them increasingly popular in developed regions of North America and Europe. In 2010, European Heads of State and Government (the European Council) finalized a 20% reduction in greenhouse gases and 20% energy to be derived from renewable sources as part of their strategy called 'Europe 2020'. Government initiative schemes such as these are likely to be a key growth driver over the forecast period.

Key packaging manufacturers prefer outsourcing their own production to location with cheap labor and abundant raw material availability. However, outsourcing of production has some limitation as these products are low-valued goods and high transportation cost can limit profitability.

End-use industries such as food and beverages and healthcare work in collaboration with players in the packaging industry as design, shape, and print on the package play a crucial role in capturing potential customers.

Browse full research report with TOC on "Green Packaging Market Size, Share & Trends Analysis Report By Packaging Type (Recycled Content, Reusable, Degradable), By Application (Food & Beverage, Personal Care, Healthcare), And Segment Forecasts, 2018 - 2024" at:https://www.grandviewresearch.com/industry-analysis/green-packaging-market

Further Key Findings From the Report Suggest: 

Browse related reports by Grand View Research: 

Grand View Research has segmented the global green packaging market on the basis of packaging type, application, and region: 

Explore the BI enabled intuitive market research database,The Grand Library, by Grand View Research, Inc.

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: +1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com