Product ID: SQMIG30K2042
Report ID:
SQMIG30K2042 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
34 |
Figures:
74
Sustainable Packaging Market size was valued at USD 363.20 billion in 2021 and is poised to grow from USD 371.4 billion in 2022 to USD 737.6 billion by 2030, growing at a CAGR of 10.30% in the forecast period (2023-2030).
The global sustainable packaging market is witnessing significant growth and transformation driven by increasing consumer awareness and demand for eco-friendly and sustainable packaging solutions.
The market insight reveals a shift towards sustainable packaging materials and practices to minimize environmental impact and promote a circular economy.
Sustainable packaging aims to reduce waste, utilize renewable resources, and lower carbon emissions throughout the packaging lifecycle. Companies are adopting innovative packaging materials like bioplastics, recycled materials, and compostable packaging to align with sustainability goals.
Additionally, stringent government regulations and initiatives promoting sustainable practices further contribute to market growth.
The Global sustainable packaging market presents opportunities for businesses to meet consumer expectations, enhance brand image, and contribute to a more sustainable future by adopting environmentally friendly packaging solutions.
US Sustainable Packaging Market is poised to grow at a sustainable CAGR for the next forecast year.
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Product ID: SQMIG30K2042