Green Packaging Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Global Green Packaging Market reached USD 255.1 billion in 2022 and is expected to reach USD 350.5 billion by 2031, growing with a CAGR of 7.2% during the forecast period 2024-2031. '

Green Packaging refers to the use of eco-friendly materials and processes in the design, production, and disposal of packaging.

It emphasizes sustainability by reducing waste and lowering the environmental footprint. This approach utilizes recyclable, biodegradable, or compostable materials to minimize harm to the environment. Green Packaging is a key strategy in promoting sustainability across various industries and consumer products.

List of the Key Players in the Green Packaging Market:

BASF SE, WestRock Company, Amcor Limited, Sealed Air, Mondi PLC, Bemis Company Inc., The Dow Chemical Company, Ball Corporation, L'Oreal International and Tetra Pack

Industry Development:

In February 2023, Liquibox-a producer of eco-friendly liquid packaging-was acquired by Sealed Air, a packaging company based in North Carolina, U.S. This strategic move will enable Sealed Air to expand its product offerings in the food and beverage sector, catering to the growing consumer demand for sustainable packaging solutions.

In April 2022, WestRock Company, a leading American corrugated packaging provider, partnered with Recipe Unlimited, a Canadian restaurant operator, to launch a line of recyclable paperboard products. This initiative aims to divert 31 million plastic containers from Canadian landfills annually. Initially introduced in Swiss Chalet restaurants in October 2021, the product bundle has now been rolled out across all their locations.

Growth Forecast Projected:

The Global Green Packaging Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

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