Global Regenerative Packaging Market showed crucial growth in the recent years and is anticipated to witness a steep rise by generating an estimated revenue of US$ xx.xx billion over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 6.1% during the forecast period that is 2017-2025
Global Market Growth Opportunities (Revenue, Growth) By 2017-2025
Regenerative packaging which is also known as recycling packaging are used for various end-use industries such as pharmaceuticals, sports, household chemicals, food and beverages, and others. Normal packaging materials generates huge amounts of waste which consist of raw materials and packaging products. According to The Waste and Resources Action Program, over 15 million tons are used to protect household and industrial goods, and over 55% are not recyclable which is expected to hamper the ecosystem. The plastic waste produces CHG emissions, carbon footprints, land pollution, and release of other toxic gases and materials which causes a non-ecofriendly environment. Owing to these factors the regenerative packaging market is expected to propel during the forecast period. Regenerative packaging market is expected to grow due to its re-usability in the production line for manufacturing packaging products such as films, sheets, and others, coupled with its property to help control the waste management across the globe.
Other factors such as minimization of operation cost, reduction of waste, and enhancing the efficiency of the packaging materials among others is anticipated to boost the growth of regenerative packaging market in the forecast period. According to the Ellen MacArthur Foundation (EMF), 14% of the global plastic packaging unit heads back to the recycling plants, whereas 40% decomposed into the landfill and one-third into fragile bionetworks. According to EMF, by 2050, the oceans would be filled with more of plastics than fishes. Owing to these rising concerns, various companies such as Unilever, Nestlé S.A., Danone, Johnson & Johnson, and others, have come together with government agencies across the globe to mandate packaging regulation and norms. Owing to these factors the regenerative packaging market is expected to propel during the forecast period (2018 – 2025).
The regenerative packaging market is expected to grow due to growth in the retail industry, change in the consumer lifestyle, and increase in consumer inclination towards eco-friendly marked products among others. According to the India Brand Equity Foundation (IBEF), by 2020, the indian retail sector is expected to increase by 60% compared to 2017, which in turn is expected to regulate for higher consume goods products, pharmaceuticals, and others. Thus, the rise in retail industry is expected to boost the regenerative packaging market. The inclusion of bio-polymer and bio-plastics into the packaging industry is anticipated to propel the growth for regenerative packaging market as they have lower carbon foot print and could be recycled. Regenerative packaging is vastly significant for the beverage industry which is expected to boost the market for regenerative packaging in the beverage sector.
The global beverage market was accounted for US$ 1.34 trillion in 2017, by the Food and Drug Administration (FDA), which is in turn expected to boost the market for regenerative packaging during the forecast period. According to the International Food Information Council Foundation (IFIC), by 2023, 7 out of 10 people is expected to understand the importance of clean label and regenerative or recycled packaging products into their food and beverage products. Owing to these factors the clean label packaging market is expected to fuel in the forecast period.
The regenerative packaging market is expected to be dominated by Europe followed by North America, while Asia Pacific is expected to be the fastest growing region for the market in the forecast period. The regenerative packaging market is expected to propel in the Europe, due to increase in change among consumer lifestyle, procurement of food product in smaller quantity, and growing consumer preference for eco-friendly and stamped products. These factors have allowed the distributors, manufacturers, retailers, and the supplier to focus on materials that can be reused without hampering its traditional or natural qualities to protect against light, moisture, heat, and others. Owing to these factors the regenerative packaging market is expected to propel in Europe during the forecast period.
Global Regenerative Packaging Market Study Objective
1. To forecast the market size of regenerative packaging market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of regenerative packaging market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate significant factors that will have major impact on the growth of regenerative packaging market, such as drivers, restraints, challenges and opportunities.
4. Regional analysis of regenerative packaging market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.
5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.
6. To provide detailed analysis of competitive and strategic developments in the regenerative packaging market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
Rising demand for regenerative packaging solutions has allowed various companies towards numerous innovations and technological advancement. For instance, in 2017, Unilever, had ensured to manufacture all its packaged products to be recyclable, which is expected to be 100% by 2020. Other major players for the regenerative packaging market include Unilever, Graham Packaging Company, Ebro Color GmbH, Avery Dennison Corporation., 3M, and BASF SE among others.
Global Regenerative Packaging Market Study Report Offer You!
The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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