2014-02-18 19:49:01 - Global Green (Sustainable) Packaging Market 2012-2016 - a new market research report on companiesandmarkets.com
The Global Green Packaging market is to grow at a CAGR of 14.32 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increased environmental concerns. The Global Green (Sustainable) Packaging market has also been witnessing the growing R and D in the Green Packaging sector. However, the capacity reduction and transportation risks could pose a challenge to the growth of this market.
The increase in R and D in green packaging is one of the major factors driving the growth of the market. Currently, many government organizations, non-government organizations, industry bodies, educational institutes, and research institutes are involved in the R and D of innovative ways of green packaging. For instance, the University
of Bath in Western England piloted a research project on form fill and seal green packaging, which are generally used for packaging food items such as rice, pasta, and potato chips. Research is also being conducted on the usage of banana fiber in the development of green packaging used for packaging different food products. The increasing focus on R and D has a positive trend that is expected to propel the growth of the Global Green (Sustainable) Packaging market during the forecast period.
One of the major drivers in this market is increasing environmental concerns. There is growing awareness and concern related to environmental hazards such as fire, land contamination, and air pollution that are caused due to the unmanaged dumping of packaging waste.
Further, the report states that one of the major challenges in this market is the capacity reduction and transportation risks associated with green packaging. Green packaging reduces the optimum utilization of shipment capacity since green packaged products are lighter and smaller. The lighter, smaller and more fragile nature of the packages could lead to damage during transportation.
The key vendors dominating this market space are Amcor Ltd., Ball Corp., Bemis Co. Inc., Sealed Air Corp., Sonoco Products Co., and Tetra Laval International S.A.
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