South Korea Takes a Green Leap: Overcomes Packaging Waste Crisis with Sustainable Packaging Revolution
Asia Pacific's Rising Tide of Sustainability
Sustainable Packaging is witnessing a robust surge in the Asia Pacific region, with China, India, and Indonesia actively contributing to sustainability efforts. China, known for its rapid industrialization, is becoming a key player in adopting eco-friendly packaging solutions. As the world's most populous country, China's commitment to sustainable practices is expected to have a substantial impact on global packaging trends.
Sustainable Packaging Market Scope:
This research on the Sustainable Packaging industry is based on a thorough examination of the market, supported by secondary and primary sources. Market volume is determined by a country-by-country model mapping of Sustainable Packaging utilizing internal and external private information, as well as relevant patent and regulatory sources. The competitive environment of the Sustainable Packaging market is backed by an examination of the many elements that impact the market on a micro and granular level. Researchers in the Sustainable Packaging sector generate predictions and projections and compute market forecasts by thoroughly reviewing historical data, current trends, and important company announcements.
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Sustainable Packaging Market Segmentation:
by Material Type
1. Paper and Paperboard
2. Plastics
1. Biodegradable
2. Bio-based
3. Aluminum
4.Others
In 2022, the paper and paperboard segment had the highest revenue share of 21.2%, determined by Material Type. An encouraging trend that indicates a rising understanding of the need for sustainable packaging solutions is the increasing demand for sustainable paper and paperboard materials for the import and export of packaging products. It is anticipated to increase in the upcoming years as a move towards a more sustainable future. Paper and paperboard are sustainable packing materials that Amazon has promised to use for its shipments. The company has implemented several eco-friendly packaging programmes, such as switching to paper-based cushioning materials in place of plastic ones and employing corrugated boxes with a high percentage of recycled content.
by Packaging Type
1. Rigid Packaging
2. Flexible Packaging
According to packaging type, the segment with rigid packaging held a significant market share of approximately 18.2% in 2022 and is anticipated to continue doing so throughout the projected period. A lot of businesses are making rigid packaging goods with sustainable materials.
by End User
1. Pharmaceutical and Healthcare
2. Cosmetics and Personal Care
3. Food and Beverage
4. Other End Users
The food and beverage segment held a notable market share of approximately 56.3% in 2022, and it is anticipated to continue growing during the forecast period, according to the End User. Many businesses are employing recycled plastics in their packaging, either by developing new packaging solutions that are composed completely of recycled materials or by adding recycled content to their current packaging. The food and beverage industry is also seeing an increase in the use of reusable packaging. Reusable packaging options, such refilling receptacles or packaging that can be sent back to the manufacturer for further use, are being investigated by certain businesses.
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Key Players are:
This report provides market monitoring for a specific area of the client’s interest and provides up-to-date information on strategic initiatives such as mergers, acquisitions, partnerships, expansions, and product launches for leading companies on a regional scale for various industries or markets, depending on the client’s subscription period. A team of research professionals updates and amends our data on a regular basis to reflect the most recent trends and facts. To fulfil the needs of both individual and corporate clients, we have substantial competence in research and consulting for a wide range of business disciplines. Our knowledgeable staff use proprietary data sources as well as a range of additional approaches. The key players in the Sustainable Packaging market.
1. Sonoco Products Company
2. Amcor pie
3. Gerresheimer AG
4. Smurfit Kappa
5. Ball Corporation
6. BASF SE
7. Ardagh Group S.A.
8. Crown Holding,Inc.
9. WestRock Company
10. DS Smith
11. Mondi
12. International Paper
13. Berry Global
14. Printpack
15. Sealed Air
16. Stora Enso Oyj
17. Georgia-Pacific
18. Huhtamaki
19. Genpak,LLC
20. Tetra Pak InternationalS.A.
21. Billerud
22. Albea S.A.
23. HCP Packaging
Regional Analysis:
North America (including the United States, Canada, and Mexico), Europe (including Germany, France, the United Kingdom, Russia, and Italy), Asia-Pacific (including China, Japan, Korea, India, and Southeast Asia), South America (including Brazil, Argentina, and Colombia), the Middle East, and Africa have all been studied (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa). The study presents regional competitive circumstances. These insights help market participants improve their approaches and provide new opportunities to achieve amazing results.
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Key Questions Answered in the Sustainable Packaging Market Report are:
- What are the new competitive developments in the Sustainable Packaging market?
- What is the market size, and share of Sustainable Packaging?
- How can I get sample reports/company profiles of the Sustainable Packaging market?
- Who are the potential customers of the Sustainable Packaging market?
- Which are the leading players in the Sustainable Packaging market?
- How can I get company profiles on the top ten players of the Sustainable Packaging market?
- Which region is and will provide more business opportunities for Sustainable Packaging in the future?
- Who are the service providers of the Sustainable Packaging industry?
- What are the key growth strategies of Sustainable Packaging industry players?
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