Global Sustainable Plastic Market, By Function (Active, Moulded Pulp and Alternate Fibre), Process (Recycled Content, Reusable, Degradable), Layer (Primary, Secondary, Tertiary), Packaging (Trays, Bags, Boxes, Bottles and Jars, Films, Pouches and Sachets, Drums, IBC, Others), End-User (Food, Beverage, Automobile & Electronics, Chemical, Pharmaceutical, Agriculture and Personal Care), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Sustainable Plastic Market
The sustainable plastic market will grow at a rate of 6.00% for the forecast period of 2021 to 2028. Rising government initiatives toward sustainable packaging is an essential factor driving the sustainable plastic market. The increasing demand as packaging material is escalating the growth of sustainable plastic market.
Sustainable packaging is the way of packaging various types of materials that involves bio-degradable material which can also be recycled, reused and is harmless to the environment. The increase in the usage of bio-degradable material for packaging makes the environment safe and pollution free as the material can be recycled again. They can be reused for another packaging of material.
The increasing downsizing of packaging, increasing breakthrough in new technologies and innovations, and shift in consumer preference toward recyclable and eco-friendly materials are the major factors driving the sustainable plastic market. The rise in public awareness about the environmental health such as soil pollution, increase in the demand for non-biodegradable materials and growth in awareness regarding the detrimental impact of plastics accelerate the sustainable plastic market growth. The growing consumer demand for the use of green packaging for organic food and rising growth of the e-commerce industry influence the sustainable plastic market. Additionally, rapid urbanization and industrialization, expansion of manufacturing industries, increase in research and development activities and surge in investment positively affect the sustainable plastic market. Furthermore, rising modernization and technological advancements in the packaging industry extends profitable opportunities to the sustainable plastic market players in the forecast period of 2021 to 2028.
On the other hand, rising fluctuations in raw material prices and poor infrastructure facilities for recycling are the major factors driving the sustainable plastic market. The increasing lack of awareness about the importance of sustainability in some emerging economies and rising packaging shifting toward non-plastic solutions are projected to challenge the sustainable plastic market in the forecast period of 2021 to 2028.
This sustainable plastic market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on sustainable plastic market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Sustainable Plastic Market Scope and Market Size
The sustainable plastic market is segmented on the basis of function, process, layer, packaging and end-user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of function, the sustainable plastic market has been segmented into active, moulded pulp and alternate fibre.
- On the basis of process, the sustainable plastic has been segmented into recycled content, reusable and degradable.
- On the basis of layer, the sustainable plastic market has been segmented into primary, secondary and tertiary.
- On the basis of packaging, the sustainable plastic market is segmented into trays, bags, boxes, bottle and jars, films, pouches and sachets, drums, IBC and others
- The sustainable plastic market has also been segmented on the basis of end-user into food, beverage, automobile and electronics, chemical, pharmaceutical, agriculture and personal care.
Global Sustainable Plastic Market Country Level Analysis
The sustainable plastic market is analysed and market size, volume information is provided by function, process, layer, packaging and end-user as referenced above.
The countries covered in the sustainable plastic market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates sustainable plastic market due to growing population, rising awareness among the masses about the importance of eco-friendly, renewable packaging, the growing food & beverage industry, increasing downsizing of packaging, increasing breakthrough in new technologies and innovations and low manufacturing and labour costs in the region.
The country section of the sustainable plastic market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Sustainable Plastic Market Share Analysis
The sustainable packaging competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to sustainable plastic market.
The major players covered in the sustainable plastic market report are Amcor plc, Bemis Company Inc., Tetra Laval International SA, Mondi, WestRock Company, BASF SE, Sonoco Products Company, Smurfit Kappa, Sealed Air, Huhtamaki, Gerresheimer AG, BALL CORPORATION, Ardagh Group S.A., Crown Holdings, DS Smith, International Paper, Berry Global Inc., Reynolds, Genpack LLC, DuPont, Uflex Ltd. and Evergreen Packaging LLC among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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